Community Health Systems, Inc. (CYH) Major Shareholder Tian Qiao Chen Acquires 100,164 Shares
Community Health Systems, Inc. (NYSE:CYH) major shareholder Tian Qiao Chen purchased 100,164 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were purchased at an average price of $3.96 per share, with a total value of $396,649.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Community Health Systems, Inc. (NYSE CYH) traded up $0.16 during mid-day trading on Friday, hitting $4.21. The stock had a trading volume of 2,513,300 shares, compared to its average volume of 3,580,958. The company has a quick ratio of 1.86, a current ratio of 2.05 and a debt-to-equity ratio of 10.62. Community Health Systems, Inc. has a fifty-two week low of $3.85 and a fifty-two week high of $10.51.
Community Health Systems (NYSE:CYH) last issued its quarterly 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 business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was down 16.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.35) EPS. equities analysts predict that Community Health Systems, Inc. will post -1.25 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of CYH. Alps Advisors Inc. purchased a new position in Community Health Systems in the second quarter valued at about $107,000. Shelton Capital Management purchased a new position in Community Health Systems in the second quarter valued at about $110,000. FrontFour Capital Group LLC purchased a new position in Community Health Systems in the third quarter valued at about $113,000. ARP Americas LLC purchased a new position in Community Health Systems in the third quarter valued at about $121,000. Finally, Group One Trading L.P. boosted its holdings in Community Health Systems by 27.5% in the second quarter. Group One Trading L.P. now owns 14,765 shares of the company’s stock valued at $147,000 after purchasing an additional 3,189 shares during the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: “Community Health Systems, Inc. (CYH) Major Shareholder Tian Qiao Chen Acquires 100,164 Shares” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/08/community-health-systems-inc-cyh-major-shareholder-tian-qiao-chen-acquires-100164-shares.html.
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.
Receive News & Ratings for Community Health Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Health Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.