Tian Qiao Chen Purchases 478,700 Shares of Community Health Systems (NYSE:CYH) Stock

Community Health Systems (NYSE:CYH) major shareholder Tian Qiao Chen bought 478,700 shares of the business’s stock in a transaction on Monday, January 8th. The stock was purchased at an average price of $3.98 per share, for a total transaction of $1,905,226.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 bought 995,551 shares of Community Health Systems stock. The stock was purchased at an average price of $3.97 per share, for a total transaction 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 price of $4.00 per share, for a total transaction 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 price of $3.96 per share, for a total transaction of $396,649.44.

Shares of Community Health Systems (NYSE:CYH) traded down $0.27 during trading on Friday, hitting $5.44. The stock had a trading volume of 2,230,000 shares, compared to its average volume of 3,450,000. Community Health Systems has a one year low of $3.85 and a one year high of $10.51. The company has a market cap of $624.11, a PE ratio of -0.93 and a beta of 1.52. The company has a current ratio of 2.05, a quick ratio of 1.86 and a debt-to-equity ratio of 10.62.

Several equities research analysts have commented on CYH shares. ValuEngine cut Community Health Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Jefferies Group restated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research note on Thursday, October 12th. Mizuho restated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research note on Thursday, October 12th. Piper Jaffray Companies restated a “sell” rating and issued a $6.00 target price on shares of Community Health Systems in a research note on Friday, October 13th. Finally, SunTrust Banks set a $7.00 price objective on Community Health Systems and gave the stock a “hold” rating in a research note on Sunday, October 15th. Eight investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $6.10.

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings 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 worth $103,361,000 after acquiring an additional 424,006 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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 worth $49,986,000 after acquiring an additional 1,551,499 shares during the last quarter. JPMorgan Chase & Co. increased its holdings 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 worth $31,880,000 after acquiring an additional 2,932,700 shares during the last quarter. Royce & Associates LP increased its holdings 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 worth $19,064,000 after acquiring an additional 226,500 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Community Health Systems by 11.3% during the 3rd quarter. California Public Employees Retirement System now owns 1,645,329 shares of the company’s stock worth $12,636,000 after acquiring an additional 167,633 shares during the last quarter. 94.72% of the stock is currently owned by institutional investors and hedge funds.

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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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