Community Health Systems Director Unloads $259,370 in Stock (CYH)
Community Health Systems (NYSE:CYH) Director William Norris Jennings sold 4,821 shares of the stock on the open market in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $53.80, for a total transaction of $259,369.80. Following the transaction, the director now directly owns 22,777 shares in the company, valued at approximately $1,225,403. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
CYH has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Community Health Systems currently has a consensus rating of “Buy” and a consensus price target of $54.40.
Community Health Systems (NYSE:CYH) traded down 1.59% on Wednesday, hitting $53.21. 1,258,620 shares of the company’s stock traded hands. Community Health Systems has a 1-year low of $34.55 and a 1-year high of $55.70. The stock has a 50-day moving average of $49.01 and a 200-day moving average of $42.46. The company’s market cap is $6.000 billion.
Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 49.8% on a year-over-year basis. 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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