Community Health Systems Inc. (NYSE:CYH)’s traded shares stood at 1.36 million during the last session, with the company’s beta value hitting 1.70. At the close of trading, the stock’s price was $5.38, to imply an increase of 5.49% or $0.28 in intraday trading. The CYH share’s 52-week high remains $12.51, putting it -132.53% down since that peak but still an impressive 65.06% since price per share fell to its 52-week low of $1.88. The company has a valuation of $749.54M, with an average of 2.06 million shares in intraday trading volume over the past 10 days and average of 2.89 million shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Community Health Systems Inc. (CYH), translating to a mean rating of 2.40. Of 12 analyst(s) looking at the stock, 0 analyst(s) give CYH a Sell rating. 0 of those analysts rate the stock as Overweight while 8 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.37.
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Community Health Systems Inc. (NYSE:CYH) trade information
After registering a 5.49% upside in the last session, Community Health Systems Inc. (CYH) has traded red over the past five days. The stock hit a weekly high of 5.51 this Thursday, 03/16/23, jumping 5.49% in its intraday price action. The 5-day price performance for the stock is -1.10%, and 5.91% over 30 days. With these gigs, the year-to-date price performance is 24.54%. Short interest in Community Health Systems Inc. (NYSE:CYH) saw shorts transact 11.84 million shares and set a 4.36 days time to cover.
Community Health Systems Inc. (CYH) estimates and forecasts
Looking at statistics comparing Community Health Systems Inc. share performance against respective industry, we note that the company has outperformed competitors. Community Health Systems Inc. (CYH) shares are 85.52% up over the last 6 months, with its year-to-date growth rate higher than industry average at 54.35% against 16.60%. Revenue is forecast to shrink -67.80% this quarter before falling -207.10% for the next one. The rating firms project that company’s revenue will shrink -1.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is $3.16 billion. Meanwhile, for the quarter ending Mar 2023, a total of 9 analyst(s) estimate revenue growth to $3.19 billion.Earnings reports from the last fiscal year show that sales brought in $3.23 billion and $3.11 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -2.30% before jumping 2.50% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 15.10% for the past 5-year period. While 2023 is set for a -79.90% return in earnings, projections for the next 5 years are at -7.95% annually.
Community Health Systems Inc. has its next earnings report out between April 25 and May 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Community Health Systems Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Community Health Systems Inc. (NYSE:CYH)’s Major holders
Community Health Systems Inc. insiders hold 7.27% of total outstanding shares, with institutional holders owning 81.88% of the shares at 88.30% float percentage. In total, 81.88% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 19.92 million shares (or 14.79% of shares), all amounting to roughly $42.83 million.
The next major institution holding the largest number of shares is Eversept Partners, LP with 8.84 million shares, or about 6.56% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $19.01 million.
We also have iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Community Health Systems Inc. (CYH) shares. Going by data provided on Dec 30, 2022, iShares Core S&P Smallcap ETF holds roughly 9.29 million shares. This is just over 6.89% of the total shares, with a market valuation of $40.11 million. Data from the same date shows that the other fund manager holds a little less at 3.98 million, or 2.96% of the shares, all valued at about 8.57 million.