Community Health Systems (NYSE:CYH) Director Purchases $157,500.00 in Stock

Community Health Systems (NYSE:CYH) Director James S. Ely III purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were purchased at an average price of $3.15 per share, for a total transaction of $157,500.00. Following the transaction, the director now owns 136,320 shares of the company’s stock, valued at approximately $429,408. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of CYH traded down $0.14 during trading on Friday, reaching $2.60. 1,322,355 shares of the company traded hands, compared to its average volume of 2,045,932. The stock has a market cap of $319.95 million, a PE ratio of -1.34 and a beta of 2.53. Community Health Systems has a twelve month low of $2.48 and a twelve month high of $5.35.

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

Several hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its stake in Community Health Systems by 2.5% in the third quarter. Bank of New York Mellon Corp now owns 1,335,691 shares of the company’s stock valued at $4,620,000 after acquiring an additional 32,795 shares during the last quarter. MetLife Investment Advisors LLC increased its stake in Community Health Systems by 59.8% in the third quarter. MetLife Investment Advisors LLC now owns 69,351 shares of the company’s stock valued at $240,000 after acquiring an additional 25,942 shares during the last quarter. AQR Capital Management LLC bought a new position in Community Health Systems in the third quarter valued at $406,000. Vanguard Group Inc. increased its stake in Community Health Systems by 9.6% in the third quarter. Vanguard Group Inc. now owns 11,248,820 shares of the company’s stock valued at $38,817,000 after acquiring an additional 987,647 shares during the last quarter. Finally, Vanguard Group Inc increased its stake in Community Health Systems by 9.3% in the third quarter. Vanguard Group Inc now owns 11,219,038 shares of the company’s stock valued at $38,817,000 after acquiring an additional 957,865 shares during the last quarter. Hedge funds and other institutional investors own 98.36% of the company’s stock.

CYH has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Community Health Systems from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a research report on Tuesday, March 26th. ValuEngine upgraded shares of Community Health Systems from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Barclays set a $3.00 target price on shares of Community Health Systems and gave the company a “sell” rating in a research report on Wednesday, April 17th. Finally, Morgan Stanley set a $4.00 price target on shares of Community Health Systems and gave the stock a “sell” rating in a research note on Friday, February 22nd. Five equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Community Health Systems has a consensus rating of “Hold” and a consensus price target of $3.61.

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

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