After grabbing 21.62 million shares, the institutional investor is now in possession of 21.62 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 8.18% having worth around $25.08 million. Moreover, The Vanguard Group, Inc. increased its share by 0.34 million to have a control over 16.12 million shares. And Owl Creek Asset Management LP raised its holdings to 3.71 million shares by acquiring 10.43 million shares or 3.95% of the stake.
Cano Health Inc. (CANO) concluded trading on 05/24/23 at a closing price of $1.44, with 2.69 million shares of worth about $3.88 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.49% during that period and on Wednesday the price saw a gain of about 1.41%. Currently the company’s common shares owned by public are about 239.80M shares, out of which, 170.47M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the CANO stock and their offered price forecasts bring an average price target of $2.84. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $7.00 and could fall to a lowest price of $1.00. The stock’s current price level is 49.3% above of average price target set by the analysts, while a rise to estimated low would result in loss of -44.0% for the stock. However, touching the estimated high of $7.00 would mean a gain of 79.43% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 23 times over the past 12 months. They bought 1,266,954 shares in 13 of the transactions. In 10 selling transactions, insiders dumped 11,165,519 shares.
JPMorgan Small Cap Growth Fund, JPMorgan Funds – Global Healthcar, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Cano Health Inc. JPMorgan Small Cap Growth Fund is currently holding 5.85 million shares of worth totaling $6.78 million. The company recently came buying 0.12 million shares which brought its stake up to 2.21% of the company’s outstanding shares. Vanguard Total Stock Market ETF, after buying 5.13 million shares, have now control over 1.94% of the stake in the company. It holds 0.0 shares of worth $5.95 million.
Cano Health Inc. (NYSE: CANO) started trading at $1.39, below -$0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 1.4500, or with a gain of 1.41%. Stock saw a price change of 8.27% in past 5 days and over the past one month there was a price change of 27.43%. Year-to-date (YTD), CANO shares are showing a performance of 5.11% which decreased to -76.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.76 but also hit the highest price of $9.75 during that period. The average intraday trading volume for Cano Health Inc. shares is 5.86 million. The stock is currently trading 20.05% above its 20-day simple moving average (SMA20), while that difference is up 19.28% for SMA50 and it goes to -51.70% lower than SMA200.
Diameter Capital Partners LP acquired 21.62 million shares of Cano Health Inc. having value of about $25.08 million. Cano Health Inc. (NYSE: CANO) currently have 239.80M outstanding shares and institutions hold larger chunk of about 68.60% of that. Holding of mutual funds in the company is about 26.68% while other institutional holders and individual stake holders have control over 31.76% and 19.72% of the stake respectively.
The stock has a current market capitalization of $790.08M. It has posted earnings per share of -$0.99 in the same period. It has a debt-to-equity ratio of 3.65. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CANO, volatility over the week remained 11.42% while standing at 11.12% over the month.
Analysts are in expectations that Cano Health Inc. (CANO) stock would likely to be making an EPS of -$0.11 in the current quarter, while forecast for next quarter EPS is -$0.08 and it is -$0.27 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.22 which is -$0.02 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 -$0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -794.90% while it is estimated to increase by 25.00% in next year.
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