Invesco Capital Management LLC has recently announced that it has increased stake in Community Health Systems, Inc. (NYSE:CYH) by 16.42%. After grabbing 6.24 million shares, the institutional investor is now in possession of 0.88 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 4.56% having worth around $13.34 million. Moreover, Castleknight Management LP increased its share by 2.32 million to have a control over 5.13 million shares. And Charles Schwab Investment Managem raised its holdings to 0.48 million shares by acquiring 4.88 million shares or 3.57% of the stake.
Community Health Systems, Inc. (CYH) concluded trading on 12/14/23 at a closing price of $3.07, with 6.78 million shares of worth about $20.82 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -24.75% during that period and on Thursday the price saw a gain of about 16.73%. Currently the company’s common shares owned by public are about 134.70M shares, out of which, 125.85M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 48 times over the past 12 months. They bought 2,200,568 shares in 35 of the transactions. In 13 selling transactions, insiders dumped 441,889 shares.
iShares Core S&P Small Cap ETF, Invesco S&P Small Cap 600 Revenue, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Community Health Systems, Inc. iShares Core S&P Small Cap ETF is currently holding 8.59 million shares of worth totaling $18.39 million. The company recently came selling 1586.0 shares which brought its stake up to 6.28% of the company’s outstanding shares. Vanguard Total Stock Market ETF, after buying 3.98 million shares, have now control over 2.91% of the stake in the company. It holds 0.0 shares of worth $8.53 million.
However, the stock later moved at a day high price of 3.0850, or with a gain of 16.73%. Stock saw a price change of 19.46% in past 5 days and over the past one month there was a price change of 17.62%. Year-to-date (YTD), CYH shares are showing a performance of -28.94% which decreased to -20.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.01 but also hit the highest price of $8.01 during that period. The average intraday trading volume for Community Health Systems, Inc. shares is 1.67 million. The stock is currently trading 14.90% above its 20-day simple moving average (SMA20), while that difference is up 18.66% for SMA50 and it goes to -18.52% lower than SMA200.
Invesco Capital Management LLC acquired 6.24 million shares of Community Health Systems, Inc. having value of about $13.34 million. Data submitted at the U.S SEC by Invesco Capital Management LLC revealed that the firm now holds 0.88 million shares in the company valued at close to $2699343.55, or have control over 16.42% stake in the company. Community Health Systems, Inc. (NYSE: CYH) currently have 134.70M outstanding shares and institutions hold larger chunk of about 77.57% of that. Holding of mutual funds in the company is about 39.70% while other institutional holders and individual stake holders have control over 51.77% and 37.96% of the stake respectively.
The stock has a current market capitalization of $419.98M and its 3Y-monthly beta is at 1.67. PE ratio of stock for trailing 12 months is 1.70, while it has posted earnings per share of $1.80 in the same period. It has Quick Ratio of 1.36. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CYH, volatility over the week remained 10.16% while standing at 7.66% over the month.
Analysts are in expectations that Community Health Systems, Inc. (CYH) stock would likely to be making an EPS of $Camping World Holdings, Inc. in the current quarter, while forecast for next quarter EPS is $27.63 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Cyngn Inc. which is $CRH PLC at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Community Health Systems, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 38.12% while it is estimated to increase by 109.77% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Loop Capital on June 17, 2022 offering a Hold rating for the stock and assigned a target price of $5 to it.
