Community Health Systems (CYH) Major Shareholder Tian Qiao Chen Purchases 995,551 Shares

Community Health Systems (NYSE:CYH) major shareholder Tian Qiao Chen purchased 995,551 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was bought at an average cost of $3.97 per share, for a total transaction of $3,952,337.47. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% 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 purchased 478,700 shares of Community Health Systems stock. The stock was bought at an average cost of $3.98 per share, for a total transaction of $1,905,226.00.
  • On Thursday, December 21st, Tian Qiao Chen purchased 406,069 shares of Community Health Systems stock. The stock was bought 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 stock was bought 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. 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 has a 12 month low of $3.85 and a 12 month high of $10.51. The firm has a market cap of $590.84, a P/E ratio of -0.88 and a beta of 1.42.

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

CYH has been the topic of a number of research reports. JPMorgan Chase & Co. lowered shares of Community Health Systems from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 14th. ValuEngine lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $6.00 price target on shares of Community Health Systems in a research note on Sunday, November 5th. Zacks Investment Research lowered shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 3rd. Finally, Morgan Stanley decreased their price target on shares of Community Health Systems from $6.50 to $4.50 and set an “underweight” rating on the stock in a research note on Friday, November 3rd. Eight research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. Community Health Systems currently has a consensus rating of “Hold” and an average target price of $6.21.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CYH. FrontFour Capital Group LLC purchased a new stake in shares of Community Health Systems during the 3rd quarter valued at approximately $113,000. California Public Employees Retirement System raised its position 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 valued at $12,636,000 after buying an additional 167,633 shares during the period. Group One Trading L.P. raised its position in shares of Community Health Systems by 345.2% during the 3rd quarter. Group One Trading L.P. now owns 65,727 shares of the company’s stock valued at $505,000 after buying an additional 50,962 shares during the period. Pentwater Capital Management LP raised its position in shares of Community Health Systems by 140.0% during the 3rd quarter. Pentwater Capital Management LP now owns 240,000 shares of the company’s stock valued at $1,843,000 after buying an additional 140,000 shares during the period. Finally, Vident Investment Advisory LLC purchased a new stake in shares of Community Health Systems during the 3rd quarter valued at approximately $2,327,000. 94.72% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Community Health Systems (CYH) Major Shareholder Tian Qiao Chen Purchases 995,551 Shares” was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://www.com-unik.info/2018/01/13/community-health-systems-cyh-major-shareholder-tian-qiao-chen-purchases-995551-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 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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit