Community Health Systems (NYSE:CYH) Director James S. Ely III Acquires 50,000 Shares

Share on StockTwits

Community Health Systems (NYSE:CYH) Director James S. Ely III bought 50,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of $3.15 per share, with a total value of $157,500.00. Following the transaction, the director now directly owns 136,320 shares of the company’s stock, valued at $429,408. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NYSE CYH opened at $2.73 on Wednesday. Community Health Systems has a 52-week low of $2.48 and a 52-week high of $5.35. The company has a market cap of $331.16 million, a price-to-earnings ratio of -1.41 and a beta of 2.52.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Tuesday, April 30th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.44) by ($0.09). The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.30 billion. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. Equities research analysts expect that Community Health Systems will post -1.66 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on CYH shares. ValuEngine raised Community Health Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 5th. Morgan Stanley set a $4.00 target price on Community Health Systems and gave the stock a “sell” rating in a research report on Friday, February 22nd. Barclays set a $4.00 target price on Community Health Systems and gave the stock a “sell” rating in a research report on Friday, February 22nd. Finally, Zacks Investment Research cut Community Health Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $3.61.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc raised its stake in Community Health Systems by 9.3% during the third quarter. Vanguard Group Inc now owns 11,219,038 shares of the company’s stock valued at $38,817,000 after buying an additional 957,865 shares in the last quarter. MetLife Investment Advisors LLC raised its position in shares of Community Health Systems by 59.8% during the 3rd quarter. MetLife Investment Advisors LLC now owns 69,351 shares of the company’s stock worth $240,000 after purchasing an additional 25,942 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Community Health Systems during the 3rd quarter worth approximately $406,000. Gotham Asset Management LLC raised its position in shares of Community Health Systems by 60.7% during the 4th quarter. Gotham Asset Management LLC now owns 186,747 shares of the company’s stock worth $527,000 after purchasing an additional 70,570 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Community Health Systems during the 4th quarter worth approximately $205,000. Hedge funds and other institutional investors own 98.36% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Tech Know Bits and is owned by of Tech Know Bits. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://techknowbits.com/2019/06/12/community-health-systems-cyh-director-acquires-157500-00-in-stock.html.

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.

Featured Story: Analyst Ratings Trading

Insider Buying and Selling by Quarter for Community Health Systems (NYSE:CYH)

Receive News & Ratings for Community Health Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Health Systems and related companies with MarketBeat.com's FREE daily email newsletter.