Community Health Systems, Inc. (NYSE: CYH) is 2.56% higher on its value in year-to-date trading and has touched a low of $2.01 and a high of $6.53 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CYH stock was last observed hovering at around $2.95 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $3.21, the stock is 11.59% and -5.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.6 million and changing 8.81% at the moment leaves the stock -3.64% off its SMA200. CYH registered -36.44% loss for a year compared to 6-month gain of 2.88%. The firm has a 50-day simple moving average (SMA 50) of $1.01 and a 200-day simple moving average (SMA200) of $8.14.
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The stock witnessed a -20.74% loss in the last 1 month and extending the period to 3 months gives it a 9.93%, and is 12.63% 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 6.77% over the week and 7.05% over the month.
Community Health Systems, Inc. (CYH) has around 61000 employees, a market worth around $438.94M and $12.49B in sales. Fwd P/E is 22.51. Profit margin for the company is -1.07%. Distance from 52-week low is 59.70% and -50.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.26%).
Community Health Systems, Inc. quarterly earnings per share for the current quarter are estimated at -$0.16 with sales reaching $3.09B over the same period.The EPS is expected to grow by 78.78% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink -0.50% in year-over-year returns.
Community Health Systems, Inc. (CYH) Top Institutional Holders
253 institutions hold shares in Community Health Systems, Inc. (CYH), with institutional investors hold 79.31% of the company’s shares. The shares outstanding are 136.77M, and float is at 124.59M with Short Float at 5.63%. Institutions hold 72.78% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 20.64 million shares valued at $90.83 million. The investor’s holdings represent 15.09% of the CYH Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 9.93 million shares valued at $43.7 million to account for 7.26% of the shares outstanding. The other top investors are Eversept Partners, LP which holds 7.28 million shares representing 5.32% and valued at over $32.02 million, while Shaw D.E. & Co., Inc. holds 4.56% of the shares totaling 6.23 million with a market value of $27.42 million.
Community Health Systems, Inc. (CYH) Insider Activity
The most recent transaction is an insider purchase by SMITH WAYNE T,the company’sDirector. SEC filings show that SMITH WAYNE T bought 1,000,000 shares of the company’s common stock on Oct 31 ’23 at a price of $2.11 per share for a total of $2.11 million. Following the purchase, the insider now owns 5.11 million shares.
