What should you know before buying stock in Community Health Systems Inc. (CYH)

Community Health Systems Inc. (NYSE: CYH) is 12.79% 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 $8.38 in the last trading session, with the day’s gains setting it 0.18% off its average median price target of $8.00 for the next 12 months. It is also 14.4% off the consensus price target high of $10.00 offered by 11 analysts, but current levels are -185.33% lower than the price target low of $3.00 for the same period.

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Currently trading at $8.56, the stock is 10.49% and 4.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing 2.11% at the moment leaves the stock 69.70% off its SMA200. CYH registered 185.03% gain for a year compared to 6-month gain of 129.59%. The firm has a 50-day simple moving average (SMA 50) of $7.97 and a 200-day simple moving average (SMA200) of $5.84.

The stock witnessed a 3.58% loss in the last 1 month and extending the period to 3 months gives it a 86.64%, and is 0.24% 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 8.11% over the week and 5.78% over the month.

Community Health Systems Inc. (CYH) has around 80000 employees, a market worth around $1.04B and $11.96B in sales. Profit margin for the company is -1.40%. Distance from 52-week low is 280.29% and -22.50% 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 112.30M 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).

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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 22.68% up over the past 12 months. Tenet Healthcare Corporation (THC) is 26.95% up on the 1-year trading charts. Short interest in the company’s stock has fallen -22.26% from the last report on Nov 29, 2020 to stand at a total of 6.92 million short shares sold with a short interest ratio of 3.07.

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