Which insiders are buying Community Health Systems, Inc. (CYH)?

Community Health Systems, Inc. (NYSE:CYH) marched up 29.09% compared to a 52-week low price of $3.85. The shares were last seen trading 23.63% higher, taking the closing price at $4.97 on 01/11/2018. At recent session, the prices were hovering between $4.13 and $5.04. This company shares are -3.62% up from its target price of $4.79 and the current market capitalization stands at $593.96M. The recent change has given its price a 15.24% lead over SMA 50 and -52.71% deficit over its 52-week high. The stock witnessed 14.25% gains, -19.84% declines and -46.56% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CYH’s volatility during a week at 7.58% and during a month it has been found around 5.41%.

Community Health Systems, Inc. (CYH) Top Holders

Institutional investors currently hold around $508 million or 0% in CYH stock. Look at its top three institutional owners. Shanda Asset Management Holdings Ltd owns $102.14 million in Community Health Systems, Inc., which represents roughly 17.2% of the company’s market cap and approximately 20.11% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 14,288,284 shares of the stock are valued at $57.44 million. The third largest holder is Vanguard Group Inc, which currently holds $41.11 million worth of this stock and that ownership represents nearly 6.92% of its market capitalization.

Community Health Systems, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 101 institutional holders increased their position in Community Health Systems, Inc. (NYSE:CYH) by some 30,229,363 shares, 95 decreased positions by 12,448,698 and 45 held positions by 83,665,013. That puts total institutional holdings at 126,343,074 shares, according to SEC filings. The stock grabbed 21 new institutional investments totaling 7,305,832 shares while 37 institutional investors sold out their entire positions totaling 5,595,712 shares.

Community Health Systems, Inc. (NYSE:CYH) Insider Trades

Multiple company employees have indulged in significant insider trading. Community Health Systems, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner Chen Tian Qiao has acquired 995,551 shares of Community Health Systems, Inc. (CYH) in trading session dated Jan. 10, 2018. These shares are worth $3,952,337 and were traded at $3.97 each. The SEC filing shows that Chen Tian Qiao performed a purchase of 478,700 shares. The 10% Owner added these shares by way of transaction on Jan. 08, 2018. The company’s shares were assimilated at $3.98 per share worth to an investment of some $1,905,226 on account of Chen Tian Qiao.

10% Owner, Chen Tian Qiao, purchased 96,307 common shares of Community Health Systems, Inc. (CYH) in the open market. In a transaction dated Dec. 22, 2017, the shares were bought at an average price of $3.99, giving away a sum of $384,265. After this purchase, 26,010,222 common shares of CYH are directly owned by the insider, with total stake valued at $129,270,803.

In the transaction dated Dec. 21, 2017, the great number of shares acquired came courtesy the 10% Owner; Chen Tian Qiao added a total of 406,069 shares at an average price of $4, amounting to approximately $1,624,276. The insider now directly owns 25,913,915 shares worth $128,792,158.

Community Health Systems, Inc. (CYH) Analyst Guide

Several analysts have released their opinion on Community Health Systems, Inc. (NYSE:CYH), with 1 analysts believing it is a strong buy. Whereas 9 of them predict the stock is a hold. Also, there are 0 buy, 1 sell and 4 strong sell ratings, collectively assigning a 3.42 average brokerage recommendation.

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