Community Health Systems (NYSE:CYH) Major Shareholder Tian Qiao Chen Acquires 478,700 Shares

Community Health Systems (NYSE:CYH) major shareholder Tian Qiao Chen bought 478,700 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was acquired at an average cost of $3.98 per share, for a total transaction of $1,905,226.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock 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 purchased 995,551 shares of Community Health Systems stock. The shares were purchased at an average cost of $3.97 per share, for a total transaction of $3,952,337.47.
  • On Thursday, December 21st, Tian Qiao Chen purchased 406,069 shares of Community Health Systems stock. The shares were purchased at an average cost of $4.00 per share, for a total transaction of $1,624,276.00.
  • On Thursday, December 7th, Tian Qiao Chen purchased 100,164 shares of Community Health Systems stock. The shares were purchased at an average cost of $3.96 per share, for a total transaction of $396,649.44.

Community Health Systems (NYSE:CYH) opened at $5.15 on Friday. Community Health Systems has a fifty-two week low of $3.85 and a fifty-two week high of $10.51. The company has a debt-to-equity ratio of 10.62, a current ratio of 2.05 and a quick ratio of 1.86. The company has a market cap of $583.96, a PE ratio of -0.86 and a beta of 1.43.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Wednesday, November 1st. The company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.47). Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period last year, the firm posted ($0.35) earnings per share. The company’s quarterly revenue was down 16.3% on a year-over-year basis. analysts anticipate 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. Zacks Investment Research downgraded shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 3rd. ValuEngine downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Goldman Sachs Group started coverage on shares of Community Health Systems in a research report on Wednesday, January 3rd. They issued a “sell” rating and a $3.00 target price for the company. Cantor Fitzgerald reissued a “hold” rating and issued a $6.00 target price on shares of Community Health Systems in a research report on Sunday, November 5th. Finally, Citigroup dropped 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 research report on Friday, November 3rd. Seven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. The company has an average 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 CYH. BNP Paribas Arbitrage SA boosted its holdings in shares of Community Health Systems by 101.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 59,039 shares of the company’s stock valued at $588,000 after buying an additional 29,794 shares during the period. American Century Companies Inc. acquired a new position in shares of Community Health Systems in the 2nd quarter valued at about $400,000. Northwestern Mutual Investment Management Company LLC acquired a new position in shares of Community Health Systems in the 2nd quarter valued at about $235,000. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Community Health Systems by 0.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 360,632 shares of the company’s stock valued at $3,592,000 after buying an additional 1,930 shares during the period. Finally, Schroder Investment Management Group acquired a new position in Community Health Systems during the 2nd quarter valued at about $564,000.

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About Community Health Systems

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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