Insider Selling: David Lewis Miller Sells 100,000 Shares of Community Health Systems Stock (CYH)
Community Health Systems (NYSE:CYH) COO David Lewis Miller unloaded 100,000 shares of Community Health Systems stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $52.89, for a total transaction of $5,289,000.00. Following the transaction, the chief operating officer now directly owns 290,632 shares in the company, valued at approximately $15,371,526. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on CYH. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Community Health Systems in a research note on Tuesday, August 5th. They now have a $54.00 price target on the stock, up previously from $40.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Community Health Systems in a research note on Tuesday, August 5th. They now have a $56.00 price target on the stock, up previously from $48.00. Finally, analysts at RBC Capital raised their price target on shares of Community Health Systems from $60.00 to $74.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $54.40.
Shares of Community Health Systems (NYSE:CYH) traded up 0.93% on Wednesday, hitting $53.40. The stock had a trading volume of 1,304,248 shares. Community Health Systems has a 1-year low of $34.55 and a 1-year high of $54.01. The stock’s 50-day moving average is $47.78 and its 200-day moving average is $42.16. The company’s market cap is $6.021 billion.
Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.02. The company had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same quarter last year, the company posted $0.32 earnings per share. Community Health Systems’s revenue was up 49.8% compared to the same quarter last year. Analysts expect that Community Health Systems will post $3.05 EPS for the current fiscal year.
Community Health Systems, Inc, is an operator of hospitals in the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States.
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