Tian Qiao Chen Buys 478,700 Shares of Community Health Systems (CYH) Stock

Community Health Systems (NYSE:CYH) major shareholder Tian Qiao Chen bought 478,700 shares of Community Health Systems stock in a transaction that occurred on Monday, January 8th. The stock was purchased at an average cost of $3.98 per share, with a total value of $1,905,226.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Tian Qiao Chen also recently made the following trade(s):

  • On Wednesday, January 10th, Tian Qiao Chen bought 995,551 shares of Community Health Systems stock. The stock was purchased at an average cost of $3.97 per share, with a total value of $3,952,337.47.
  • On Thursday, December 21st, Tian Qiao Chen bought 406,069 shares of Community Health Systems stock. The stock was purchased at an average cost of $4.00 per share, with a total value of $1,624,276.00.
  • On Thursday, December 7th, Tian Qiao Chen bought 100,164 shares of Community Health Systems stock. The stock was purchased at an average cost of $3.96 per share, with a total value of $396,649.44.

Community Health Systems (NYSE CYH) opened at $4.97 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.86 and a debt-to-equity ratio of 10.62. The company has a market capitalization of $570.19, a P/E ratio of -0.85 and a beta of 1.42. Community Health Systems has a 52-week low of $3.85 and a 52-week high of $10.51.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, November 1st. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.47). The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.70 billion. Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. The firm’s revenue was down 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.35) earnings per share. sell-side analysts predict that Community Health Systems will post -1.25 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on CYH shares. ValuEngine lowered shares of Community Health Systems from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th. Morgan Stanley reduced their target price on shares of Community Health Systems from $6.50 to $4.50 and set an “underweight” rating for the company in a report on Friday, November 3rd. Credit Suisse Group started coverage on shares of Community Health Systems in a report on Thursday, November 2nd. They issued an “underperform” rating and a $3.50 target price for the company. JPMorgan Chase & Co. lowered shares of Community Health Systems from a “neutral” rating to an “underweight” rating in a report on Thursday, December 14th. Finally, Citigroup reduced their target price on shares of Community Health Systems from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Eight equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.21.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Community Health Systems by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 10,377,548 shares of the company’s stock valued at $103,361,000 after acquiring an additional 424,006 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Community Health Systems by 31.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,508,663 shares of the company’s stock valued at $49,986,000 after acquiring an additional 1,551,499 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Community Health Systems by 226.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,228,000 shares of the company’s stock valued at $31,880,000 after acquiring an additional 2,932,700 shares during the last quarter. Royce & Associates LP boosted its position in shares of Community Health Systems by 10.0% during the 3rd quarter. Royce & Associates LP now owns 2,482,295 shares of the company’s stock valued at $19,064,000 after acquiring an additional 226,500 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Community Health Systems by 11.3% in the third quarter. California Public Employees Retirement System now owns 1,645,329 shares of the company’s stock worth $12,636,000 after buying an additional 167,633 shares during the last quarter. Hedge funds and other institutional investors own 94.72% of the company’s stock.

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Community Health Systems Company Profile

Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.

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