Community Health Systems Inc. (NYSE: CYH) is 10.90% higher on its value in year-to-date trading and has touched a low of $2.25 and a high of $11.04 in the current 52-week trading range. The CYH stock was last observed hovering at around $7.57 in the last trading session, with the day’s gains setting it 0.67% off its average median price target of $6.00 for the next 12 months. It is also 17.6% off the consensus price target high of $10.00 offered by 11 analysts, but current levels are -174.67% lower than the price target low of $3.00 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
Currently trading at $8.24, the stock is 4.71% and 5.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.08 million and changing 8.85% at the moment leaves the stock 68.68% off its SMA200. CYH registered 225.69% gain for a year compared to 6-month gain of 163.26%. The firm has a 50-day simple moving average (SMA 50) of $8.08 and a 200-day simple moving average (SMA200) of $5.63.
The stock witnessed a -4.74% loss in the last 1 month and extending the period to 3 months gives it a 73.11%, and is 13.19% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.81% over the week and 5.45% over the month.
Community Health Systems Inc. (CYH) has around 80000 employees, a market worth around $980.40M and $11.96B in sales. Profit margin for the company is -1.40%. Distance from 52-week low is 266.22% and -25.36% from its 52-week high. The company has generated returns on investments over the last 12 months (3.90%).
Community Health Systems Inc. (CYH) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Community Health Systems Inc. (CYH) is a “Hold”. 11 analysts offering their recommendations for the stock have an average rating of 3.20, where 6 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Community Health Systems Inc. is expected to release its quarterly report on 05/04/2021 and quarterly earnings per share for the current quarter are estimated at -$0.05 with sales reaching $3.09B over the same period.The EPS is expected to grow by 15.10% this year, but quarterly earnings will post -11.00% year-over-year. Quarterly sales are estimated to shrink -5.90% in year-over-year returns.
Community Health Systems Inc. (CYH) Top Institutional Holders
227 institutions hold shares in Community Health Systems Inc. (CYH), with 4.9M shares held by insiders accounting for 4.26% while institutional investors hold 78.36% of the company’s shares. The shares outstanding are 115.02M, and float is at 112.24M with Short Float at 6.41%. Institutions hold 75.02% of the Float.
The top institutional shareholder in the company is Shanda Asset Management Holdings Ltd with over 27.48 million shares valued at $115.98 million. The investor’s holdings represent 22.98% of the CYH Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 15.2 million shares valued at $64.15 million to account for 12.71% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 6.94 million shares representing 5.80% and valued at over $29.28 million, while Elliott Investment Management L.P. holds 3.76% of the shares totaling 4.5 million with a market value of $18.99 million.
Community Health Systems Inc. (CYH) Insider Activity
A total of 5 insider transactions have happened at Community Health Systems Inc. (CYH) in the last six months, with sales accounting for 4 and purchases happening 1 times. The most recent transaction is an insider sale by Chen Tian Qiao, the company’s 10% Owner. SEC filings show that Chen Tian Qiao sold 3,354,599 shares of the company’s common stock on Dec 14 at a price of $8.51 per share for a total of $28.54 million. Following the sale, the insider now owns 14.54 million shares.
Community Health Systems Inc. disclosed in a document filed with the SEC on Nov 23 that Chen Tian Qiao (10% Owner) sold a total of 4,588,032 shares of the company’s common stock. The trade occurred on Nov 23 and was made at $8.67 per share for $39.77 million. Following the transaction, the insider now directly holds 17.9 million shares of the CYH stock.
Still, SEC filings show that on Nov 12, Chen Tian Qiao (10% Owner) disposed off 4,268,404 shares at an average price of $8.01 for $34.2 million. The insider now directly holds 22,484,473 shares of Community Health Systems Inc. (CYH).
Community Health Systems Inc. (CYH): Who are the competitors?
The company’s main competitors (and peers) include Select Medical Holdings Corporation (SEM) that is trading 32.75% up over the past 12 months. Tenet Healthcare Corporation (THC) is 20.46% up on the 1-year trading charts. Short interest in the company’s stock has fallen -13.07% from the last report on Nov 12, 2020 to stand at a total of 8.13 million short shares sold with a short interest ratio of 2.99.