Community Health Systems (NYSE:CYH) will release its earnings data after the market closes on Monday, August 5th. Analysts expect Community Health Systems to post earnings of ($0.52) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
Shares of CYH opened at $1.94 on Friday. Community Health Systems has a one year low of $1.92 and a one year high of $5.35. The business has a 50-day moving average of $2.45. The stock has a market capitalization of $242.03 million, a price-to-earnings ratio of -1.00 and a beta of 2.43.
In other Community Health Systems news, CEO Wayne T. Smith bought 993,449 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average price of $3.37 per share, with a total value of $3,347,923.13. Following the completion of the purchase, the chief executive officer now owns 1,959,566 shares of the company’s stock, valued at $6,603,737.42. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James S. Ely III bought 50,000 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were acquired at an average cost of $3.25 per share, with a total value of $162,500.00. Following the purchase, the director now directly owns 136,320 shares of the company’s stock, valued at approximately $443,040. The disclosure for this purchase can be found here. Insiders acquired 1,097,449 shares of company stock valued at $3,680,603 over the last 90 days. 4.50% of the stock is currently owned by company insiders.
Several analysts have commented on CYH shares. ValuEngine upgraded shares of Community Health Systems from a “hold” rating to a “buy” rating in a report on Thursday. Barclays set a $3.00 price objective on shares of Community Health Systems and gave the stock a “sell” rating in a report on Wednesday, April 17th. Finally, Zacks Investment Research lowered shares of Community Health Systems from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $3.55.
Community Health Systems Company Profile
Community Health Systems, Inc, together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. The company offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.
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