Monday, October 26, 2020

Community Health Systems Inc. [CYH] Stock trading around $4.89 per share: What’s Next?

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Community Health Systems Inc. [NYSE: CYH] surged by $0.25 during the normal trading session on Friday and reaching a high of $5.06 during the day while it closed the day at $4.89. The company report on October 1, 2020 that Community Health Systems Completes Divestiture of St. Petersburg, Florida Hospital.

Community Health Systems, Inc. (NYSE: CYH) announced today that an affiliate of the Company has completed the sale of 480-bed Bayfront Health St. Petersburg in St. Petersburg, Florida, and its associated assets to a subsidiary of Orlando Health which has assumed responsibility for the long-term lease and operations of the hospital. The effective date of the transaction is October 1, 2020. With the divestiture completed, Community Health Systems affiliates continue to operate 11 hospitals in Florida.

The hospital in this transaction is among the planned divestitures discussed on the Company’s second quarter 2020 earnings call.

Community Health Systems Inc. stock has also gained 10.14% of its value over the past 7 days. However, CYH stock has inclined by 58.25% in the 3 months of the year. Over the past six months meanwhile, it has gained 50.46% and gained 68.62% year-on date.

The market cap for CYH stock reached $555.01 million, with 114.97 million shares outstanding and 111.36 million shares in the current float. Compared to the average trading volume of 1.61M shares, CYH reached a trading volume of 1484683 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Community Health Systems Inc. [CYH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CYH shares is $4.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CYH stock is a recommendation set at 3.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Raymond James have made an estimate for Community Health Systems Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on February 20, 2020. While these analysts kept the previous recommendation, UBS raised their target price to Sell. The new note on the price target was released on November 16, 2018, representing the official price target for Community Health Systems Inc. stock. Previously, the target price had yet another raise to $4.50, while Mizuho analysts kept a Neutral rating on CYH stock.

The Average True Range (ATR) for Community Health Systems Inc. is set at 0.32, with the Price to Sales ratio for CYH stock in the period of the last 12 months amounting to 0.05. Price to Free Cash Flow for CYH in the course of the last twelve months was 0.39 with Quick ratio for the last quarter at 1.20.

CYH stock trade performance evaluation

Community Health Systems Inc. [CYH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.14. With this latest performance, CYH shares gained by 2.73% in over the last four-week period, additionally plugging by 50.46% over the last 6 months – not to mention a rise of 24.43% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CYH stock in for the last two-week period is set at 57.33, with the RSI for the last a single of trading hit 64.69, and the three-weeks RSI is set at 56.18 for Community Health Systems Inc. [CYH]. The present Moving Average for the last 50 days of trading for this stock 4.79, while it was recorded at 4.76 for the last single week of trading, and 3.90 for the last 200 days.

Community Health Systems Inc. [CYH]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Community Health Systems Inc. [CYH] shares currently have an operating margin of +6.84 and a Gross Margin at +6.84. Community Health Systems Inc.’s Net Margin is presently recorded at -5.11.

Return on Total Capital for CYH is now 7.22, given the latest momentum, and Return on Invested Capital for the company is -5.74. Additionally, CYH Total Debt to Total Capital is recorded at 118.78, with Total Debt to Total Assets ending up at 89.87.

Reflecting on the efficiency of the workforce at the company, Community Health Systems Inc. [CYH] managed to generate an average of -$8,437 per employee. Receivables Turnover for the company is 5.39 with a Total Asset Turnover recorded at a value of 0.84.Community Health Systems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.30.

Earnings per share (EPS) analysis for Community Health Systems Inc. [CYH] stock

With the latest financial reports released by the company, Community Health Systems Inc. posted -0.29/share EPS, while the average EPS was predicted by analysts to be reported at -0.59/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 50.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CYH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Community Health Systems Inc. go to 20.00%.

Community Health Systems Inc. [CYH]: Insider Ownership positions

There are presently around $545 million, or 89.90% of CYH stock, in the hands of institutional investors. The top three institutional holders of CYH stocks are: SHANDA ASSET MANAGEMENT HOLDINGS LTD with ownership of 27,484,473, which is approximately 0% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 16,482,852 shares of the stock with an approximate value of $80.6 million in CYH stocks shares; and VANGUARD GROUP INC, currently with $35.41 million in CYH stock with ownership of nearly 11.473% of the company’s market capitalization.

Positions in Community Health Systems Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 61 institutional holders increased their position in Community Health Systems Inc. [NYSE:CYH] by around 4,528,794 shares. Additionally, 77 investors decreased positions by around 8,400,640 shares, while 44 investors held positions by with 98,432,365 shares. The mentioned changes placed institutional holdings at 111,361,799 shares, according to the latest SEC report filing. CYH stock had 19 new institutional investments in for a total of 900,391 shares, while 22 institutional investors sold positions of 2,336,689 shares during the same period.

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