Community Health Systems (NYSE:CYH) major shareholder Tian Qiao Chen purchased 995,551 shares of Community Health Systems stock in a transaction that occurred on Wednesday, January 10th. The shares were bought at an average price of $3.97 per share, for a total transaction of $3,952,337.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large 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 Monday, January 8th, Tian Qiao Chen acquired 478,700 shares of Community Health Systems stock. The stock was acquired at an average price of $3.98 per share, for a total transaction of $1,905,226.00.
  • On Thursday, December 21st, Tian Qiao Chen acquired 406,069 shares of Community Health Systems stock. The stock was acquired 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 acquired 100,164 shares of Community Health Systems stock. The stock was acquired at an average price of $3.96 per share, for a total transaction of $396,649.44.

Community Health Systems (CYH) traded up $0.95 on Thursday, hitting $4.97. The stock had a trading volume of 11,605,742 shares, compared to its average volume of 3,956,635. The stock has a market cap of $570.19, a PE ratio of -0.85 and a beta of 1.42. The company has a current ratio of 2.05, a quick ratio of 1.86 and a debt-to-equity ratio of 10.62. 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 released its earnings results on Wednesday, November 1st. The company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.47). The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.35) EPS. sell-side analysts predict that Community Health Systems will post -1.25 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald reiterated a “hold” rating and issued a $6.00 price objective on shares of Community Health Systems in a research report on Thursday. SunTrust Banks set a $7.00 price objective on Community Health Systems and gave the stock a “hold” rating in a research report on Sunday, October 15th. Royal Bank of Canada reiterated a “hold” rating and issued a $5.00 price objective on shares of Community Health Systems in a research report on Tuesday, November 7th. Credit Suisse Group assumed coverage on Community Health Systems in a research report on Thursday, November 2nd. They issued an “underperform” rating and a $3.50 price objective on the stock. Finally, JPMorgan Chase & Co. lowered Community Health Systems from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 14th. Eight analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.21.

A number of large investors have recently made changes to their positions in CYH. BNP Paribas Arbitrage SA raised its stake in Community Health Systems by 101.9% during the second 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 last quarter. American Century Companies Inc. purchased a new position in Community Health Systems during the second quarter valued at $400,000. Northwestern Mutual Investment Management Company LLC purchased a new position in Community Health Systems during the second quarter valued at $235,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in Community Health Systems by 0.5% during the second 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 last quarter. Finally, Schroder Investment Management Group purchased a new position in Community Health Systems during the second quarter valued at $564,000. Institutional investors and hedge funds own 94.72% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/11/tian-qiao-chen-purchases-995551-shares-of-community-health-systems-cyh-stock.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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Health Systems and related companies with MarketBeat.com's FREE daily email newsletter.