Community Health Systems, Inc. (NYSE:CYH) major shareholder Tian Qiao Chen bought 100,164 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were acquired at an average price of $3.96 per share, for a total transaction of $396,649.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Community Health Systems, Inc. (NYSE:CYH) opened at $4.28 on Friday. The company has a debt-to-equity ratio of 10.62, a current ratio of 2.05 and a quick ratio of 1.86. Community Health Systems, Inc. has a 1 year low of $3.85 and a 1 year high of $10.51.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data 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). 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 return on equity of 3.10% and a negative net margin of 3.97%. The business’s revenue for the quarter was down 16.3% compared to the same quarter last year. During the same period last year, the company earned ($0.35) earnings per share. equities analysts expect that Community Health Systems, Inc. will post -1.25 EPS for the current year.

Several brokerages have recently issued reports on CYH. Cantor Fitzgerald restated a “neutral” rating and set a $7.00 target price (down from $8.00) on shares of Community Health Systems in a research report on Wednesday, August 16th. KeyCorp restated a “hold” rating on shares of Community Health Systems in a research report on Thursday, September 7th. SunTrust Banks set a $7.00 target price on shares of Community Health Systems and gave the company a “hold” rating in a research report on Sunday, October 15th. Royal Bank Of Canada restated a “hold” rating and set a $5.00 target price on shares of Community Health Systems in a research report on Tuesday, November 7th. Finally, Jefferies Group restated a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research report on Tuesday, September 5th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $6.47.

A number of hedge funds have recently modified their holdings of CYH. JPMorgan Chase & Co. grew its stake in Community Health Systems by 226.4% in 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in Community Health Systems by 131.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,957,164 shares of the company’s stock worth $49,374,000 after acquiring an additional 2,819,955 shares in the last quarter. Franklin Resources Inc. bought a new position in Community Health Systems in the 2nd quarter worth about $14,946,000. QS Investors LLC bought a new position in Community Health Systems in the 2nd quarter worth about $5,761,000. Finally, Gotham Asset Management LLC grew its stake in Community Health Systems by 102.8% in the 2nd quarter. Gotham Asset Management LLC now owns 963,388 shares of the company’s stock worth $9,595,000 after acquiring an additional 488,336 shares in the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

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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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