Community Health Systems, Inc. (NYSE:CYH) recovered 5.24% of its value since hitting low of $2.48. The recent move of 0.77% gain helped the stock to close at $2.61 when trading ended on 6/19/2019. At a recent session, the prices were hovering between $2.51 and $2.66. This company shares are 43.68% off its target price of $3.75 and the current market capitalization stands at $324.74M. The recent change has given its price a -18.09% deficit over SMA 50 and -51.21% deficit over its 52-week high. The stock witnessed -20.43% declines, -42% declines and -23.01% 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 6.41% and during a month it has been found around 6.89%.

What Does Community Health Systems, Inc. (CYH) Do?

The company describes itself in regulatory filings as, “Community Health Systems, Inc. engages in the management and operations of hospitals. It operates general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. The company was founded in March 1985 and is headquartered in Franklin, TN.” [Text can be found here: under company description.]

Community Health Systems, Inc. (CYH) Top Holders

Institutional investors currently hold around $301 million or 0% in CYH stock. Look at its top three institutional owners: Shanda Asset Management Holdings Ltd owns $71.19 million in Community Health Systems, Inc., which represents roughly 21.92% of the company’s market cap and approximately 23.65% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 16,708,119 shares of the stock are valued at $43.27 million. The third largest holder is Vanguard Group Inc, which currently holds $30.36 million worth of this stock and that ownership represents nearly 9.35% of its market capitalization.

Community Health Systems, Inc. 13F Filings

At the end of March reporting period, 74 institutional holders increased their position in Community Health Systems, Inc. (NYSE:CYH) by some 12,560,921 shares, 80 decreased positions by 14,569,934 and 49 held positions by 89,235,065. That puts total institutional holdings at 116,365,920 shares, according to SEC filings. The stock grabbed 30 new institutional investments totaling 2,375,681 shares while 18 institutional investors sold out their entire positions totaling 3,389,553 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 Director DINKINS MICHAEL has acquired 4,000 shares of Community Health Systems, Inc. (CYH) in the trading session dated May. 28, 2019. These shares are worth $12,680 and were traded at $3.17 each. The SEC filing shows that Ely James S. III performed a purchase of 100,000 shares. The Director added these shares by way of transaction on May. 20, 2019. The company’s shares were assimilated at $3.2 per share worth to an investment of some $320,000 to the account of Ely James S. III.

Chairman & CEO, SMITH WAYNE T, purchased 6,551 common shares of Community Health Systems, Inc. (CYH) in the open market. In a transaction dated May. 08, 2019, the shares were bought at an average price of $3.47, giving away a sum of $22,732. After this purchase, 3,325,045 common shares of CYH are directly owned by the insider, with total stake valued at $8,678,368.

In the transaction dated May. 07, 2019, a great number of shares acquired came courtesy the Chairman & CEO; SMITH WAYNE T added a total of 993,449 shares at an average price of $3.37, amounting to approximately $3,347,923. The insider now directly owns 3,318,494 shares worth $8,661,269.

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 6 of them predict the stock is a hold. Also, there are 0 buy, 9 sell and 1 strong sell ratings, collectively assigning a 3.53 average brokerage recommendation [T1].