Community Health Systems, Inc. (NYSE:CYH) has a beta value of 1.50 and has seen 2.6 million shares traded in the last trading session. The company, currently valued at $438.94M, closed the last trade at $3.21 per share which meant it gained $0.26 on the day or 8.81% during that session. The CYH stock price is -103.43% off its 52-week high price of $6.53 and 37.38% above the 52-week low of $2.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.32 million shares traded. The 3-month trading volume is 2.14 million shares.
Community Health Systems, Inc. (NYSE:CYH) trade information
Sporting 8.81% in the green in last session, the stock has traded in the green over the last five days, when the CYH stock price touched $3.21 or saw a rise of 0.62%. Year-to-date, Community Health Systems, Inc. shares have moved 2.56%, while the 5-day performance has seen it change 12.63%. Over the past 30 days, the shares of Community Health Systems, Inc. (NYSE:CYH) have changed -20.74%. Short interest in the company has seen 7.02 million shares shorted with days to cover at 2.95.
Community Health Systems, Inc. (CYH) estimates and forecasts
Figures show that Community Health Systems, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 2.88% over the past 6 months, with this year growth rate of 67.63%, compared to 17.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 62.80% and 45.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 0.00%.
8 analysts offering their estimates for the company have set an average revenue estimate of $3.09 billion for the current quarter. 8 have an estimated revenue figure of $3.09 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $3.11 billion and $3.04 billion respectively for this quarter and the next, and analysts expect sales will shrink by -0.50% for the current quarter and 1.80% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 31.96% over the past 5 years. Earnings growth for 2024 is a modest 78.78% while over the next 5 years, the company’s earnings are expected to decrease by -7.95%.
CYH Dividends
Community Health Systems, Inc. is expected to release its next earnings report between April 29 and May 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Community Health Systems, Inc. (NYSE:CYH)’s Major holders
Insiders own 8.23% of the company shares, while shares held by institutions stand at 72.78% with a share float percentage of 79.31%. Investors are also buoyed by the number of investors in a company, with Community Health Systems, Inc. having a total of 253 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 9.75 million shares worth more than $31.3 million. As of Dec 30, 2023, Blackrock Inc. held 7.13% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 8.1 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $25.99 million and represent 5.92% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Dec 30, 2023, the former fund manager holds about 2.91% shares in the company for having 3.98 million shares of worth $12.79 million while later fund manager owns 3.36 million shares of worth $10.78 million as of Dec 30, 2023, which makes it owner of about 2.46% of company’s outstanding stock.
