Community Health Systems (NYSE:CYH) updated its FY 2019 earnings guidance on Monday. The company provided EPS guidance of $-2–1.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $-1.7. The company issued revenue guidance of $12.9-13.2 billion, compared to the consensus revenue estimate of $12.95 billion.
Several equities research analysts have weighed in on the stock. ValuEngine raised shares of Community Health Systems from a hold rating to a buy rating in a research note on Thursday. Barclays set a $3.00 price target on shares of Community Health Systems and gave the company a sell rating in a research note on Wednesday, April 17th. Finally, Zacks Investment Research downgraded shares of Community Health Systems from a buy rating to a hold rating in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $3.55.
Shares of NYSE:CYH traded down $0.03 during midday trading on Monday, hitting $1.91. 2,738,700 shares of the company’s stock were exchanged, compared to its average volume of 2,113,120. The business’s 50 day moving average price is $2.45. The stock has a market cap of $220.77 million, a P/E ratio of -0.98 and a beta of 2.43. Community Health Systems has a 12 month low of $1.81 and a 12 month high of $5.35.
In related news, CEO Wayne T. Smith bought 993,449 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average cost of $3.37 per share, for a total transaction of $3,347,923.13. Following the completion of the purchase, the chief executive officer now directly owns 1,959,566 shares in the company, valued at $6,603,737.42. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James S. Ely III bought 50,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was bought at an average price of $3.25 per share, for a total transaction of $162,500.00. Following the completion of the purchase, the director now owns 136,320 shares of the company’s stock, valued at $443,040. The disclosure for this purchase can be found here. Insiders acquired a total of 1,097,449 shares of company stock valued at $3,680,603 over the last ninety days. 4.50% of the stock is currently owned by insiders.
About Community Health Systems
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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