Wayne T. Smith Reports 4.7% Stake in Community Health Systems
Ticker: CYH · Form: SC 13G/A · Filed: Feb 2, 2024 · CIK: 1108109
| Field | Detail |
|---|---|
| Company | Community Health Systems INC (CYH) |
| Form Type | SC 13G/A |
| Filed Date | Feb 2, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, shareholder-update, passive-investment
TL;DR
**Former exec Wayne T. Smith now owns 4.7% of CHS, down slightly.**
AI Summary
Wayne T. Smith, a former executive at Community Health Systems Inc. (CHS), has updated his ownership stake in the company. As of December 31, 2023, Smith beneficially owns 5,749,051 shares of CHS common stock, representing 4.7% of the company's outstanding shares. This filing, an amendment to a previous SC 13G, indicates a slight decrease from his prior reported ownership, which could signal a shift in his long-term confidence or a rebalancing of his portfolio, potentially impacting investor sentiment for current or prospective CHS shareholders.
Why It Matters
This filing shows a significant individual shareholder's updated position, which can influence market perception and signal confidence (or lack thereof) in the company's future performance.
Risk Assessment
Risk Level: low — This filing is a routine update of a passive ownership stake and does not indicate any immediate or significant risk to the company or its investors.
Analyst Insight
Investors should note that a former executive maintains a substantial, albeit slightly reduced, passive stake. While not an active investment signal, it provides insight into long-term holder sentiment. Monitor future filings for further changes in his position.
Key Numbers
- 5,749,051 — Shares Owned (Total shares of Community Health Systems Inc. common stock beneficially owned by Wayne T. Smith as of December 31, 2023.)
- 4.7% — Percentage of Class (The percentage of Community Health Systems Inc. common stock beneficially owned by Wayne T. Smith.)
Key Players & Entities
- Wayne T. Smith (person) — Reporting Person, former executive of Community Health Systems Inc.
- Community Health Systems Inc. (company) — Issuer of the securities
- 5,749,051 (dollar_amount) — Number of shares beneficially owned by Wayne T. Smith
- 4.7% (dollar_amount) — Percentage of class beneficially owned by Wayne T. Smith
- December 31, 2023 (date) — Date of event requiring the filing
Forward-Looking Statements
- Wayne T. Smith will continue to hold a significant, but passive, stake in Community Health Systems Inc. for the foreseeable future. (Wayne T. Smith) — high confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Wayne T. Smith, as stated in Item 1 of the filing's cover page and the 'FILED BY' section.
What is the name of the issuer whose securities are being reported?
The issuer is Community Health Systems, Inc., as identified in the 'Name of Issuer' section of the Schedule 13G.
As of what date did the event requiring this filing occur?
The event requiring this filing occurred on December 31, 2023, as specified in the 'Date of Event which Requires Filing of this Statement' section.
How many shares of Common Stock does Wayne T. Smith beneficially own with sole voting power?
Wayne T. Smith beneficially owns 5,749,051 shares with sole voting power, as detailed in Item 5 of the Schedule 13G cover page.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock, par value $0.01 per share, is 203668108, as listed on the Schedule 13G.
Filing Stats: 1,345 words · 5 min read · ~4 pages · Grade level 7.6 · Accepted 2024-02-02 16:19:32
Key Financial Figures
- $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
Filing Documents
- d763608dsc13ga.htm (SC 13G/A) — 47KB
- 0001193125-24-022868.txt ( ) — 48KB
Notice of
Item 9. Notice of Dissolution of Group. Not Applicable.
Certification
Item 10. Certification. Not Applicable. CUSIP No. 203668108 13G Page 6 of 6 Pages After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 2, 2024 WAYNE T. SMITH /s/ Wayne T. Smith