Insider Trading Review: Community Health Systems, Inc. $CYH

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Community Health Systems, Inc. (NYSE:CYH) insider have most recently took part in a trading activity. On Dec 22, 2017 Chen Tian Qiao, 10% Owner bought 96,307 shares having total worth of $384,265 at the price of $3.99 per share, following the transaction a total of 26,010,222 shares owned by Chen Tian Qiao. Before this latest buy, Chen Tian Qiao purchased CYH at 3 other times during the past twelve months, for a total investment of $730.26M at an average of $5.08 per share.

The stock has experienced a total of 2 insider trades in the past three months. These trades include 2 buy trades. Furthermore, over the past 12 months , the stock was traded 4 times by insiders. In 1 of these trades, the insider was a seller while an employee of the company was the buyer in 3 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 2 0 -41.28%
12 Month 3 1 -68.68%

Shares of Community Health Systems, Inc. (NYSE:CYH) traded up 1% on Dec 22, 2017, hitting $4.04. 1,725,376 shares of the company’s stock traded hands. Community Health Systems, Inc. has a 52 week low of $3.99 and a 52 week high of $13.3. The company’s market cap is $1,190 million.

Community Health Systems, Inc. (NYSE:CYH) last announced its earnings results on Nov 1, 2017. The company reported -0.41 earnings per share (EPS) for the quarter, lower than the consensus estimate of -0.26 by $0.15. The company had revenue of $3,666 million for the quarter, compared to the consensus estimate of $3,690 million. During the same quarter in the previous year, the company posted -0.35 earnings per share. The company’s revenue for the quarter was down 16% on a year-over-year basis.

2017-11-01 2017-08-01 2017-05-01 2017-02-20 2016-11-01 2016-08-02 2016-05-02 2016-02-15 2015-11-02 2015-08-03
earnings per share -0.41 -0.25 0.08 0.46 -0.35 0.09 0.27 0.67 0.56 1.14
Revenue(M) 3666 4144 4486 4469 4380 4590 4999 4798 4846 4882

Community Health Systems Inc. was incorporated in 1996 as a Delaware corporation. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets. The Company generates revenue primarily by providing a broad range of general hospital healthcare services to patients in the communities in which it is located. The Company currently owns and operates 133 hospitals comprised of 129 general acute care hospitals and four stand-alone rehabilitation or psychiatric hospitals. In addition, it owns and operates home care agencies, located primarily in markets where it also operates a hospital, and through its wholly-owned subsidiary, Quorum Health Resources, LLC, or QHR, it provides management and consulting services to non-affiliated general acute care hospitals located throughout the United States. The Company generally targets hospitals in growing, non-urban and selected urban healthcare markets for acquisition because of their favorable demographic and economic trends and competitive conditions. Because non-urban service areas have smaller populations, there are generally fewer hospitals and other healthcare service providers in these communities and generally a lower level of managed care presence in these markets. The Company’s Medicare is a federal program that provides medical insurance benefits to persons age 65 and over, some disabled persons, and persons with end-stage renal disease. The Company is subject to various federal, state and local laws and regulations governing the use, discharge and disposal of hazardous materials, including medical waste products.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.