In last trading session, Community Health Systems, Inc. (NYSE:CYH) saw 1.81 million shares changing hands with its beta currently measuring 1.53. Company’s recent per share price level of $3.27 trading at -$0.31 or -8.66% at ring of the bell on the day assigns it a market valuation of $447.14M. That closing price of CYH’s stock is at a discount of -99.69% from its 52-week high price of $6.53 and is indicating a premium of 38.53% from its 52-week low price of $2.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.85 million shares which gives us an average trading volume of 2.16 million if we extend that period to 3-months.
Community Health Systems, Inc. (NYSE:CYH) trade information
Upright in the red during last session for losing -8.66%, in the last five days CYH remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $3.27 price level, adding 9.92% to its value on the day. Community Health Systems, Inc.’s shares saw a change of 4.47% in year-to-date performance and have moved 17.63% in past 5-day. Community Health Systems, Inc. (NYSE:CYH) showed a performance of 23.86% in past 30-days. Number of shares sold short was 7.02 million shares which calculate 2.95 days to cover the short interests.
Community Health Systems, Inc. (CYH) estimates and forecasts
Statistics highlight that Community Health Systems, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 13.54% of value to its shares in past 6 months, showing an annual growth rate of 67.63% while that of industry is 17.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 62.80% in the current quarter and calculating 45.50% increase in the next quarter.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.09 billion for the same. And 8 analysts are in estimates of company making revenue of $3.09 billion in the next quarter that will end on Jun 2024. Company posted $3.11 billion and $3.04 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -0.50% while estimating it to be 1.80% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 31.96% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 78.78% while estimates for its earnings growth in next 5 years are of -7.95%.
CYH Dividends
Community Health Systems, Inc. is more likely to be releasing its next quarterly report between April 29 and May 03 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Community Health Systems, Inc. (NYSE:CYH)’s Major holders
Insiders are in possession of 8.23% of company’s total shares while institution are holding 72.78 percent of that, with stock having share float percentage of 79.31%. Investors also watch the number of corporate investors in a company very closely, which is 72.78% institutions for Community Health Systems, Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at CYH for having 9.75 million shares of worth $31.88 million. And as of Dec 30, 2023, it was holding 7.13% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 8.1 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 5.92% of outstanding shares, having a total worth of $26.47 million.
On the other hand, Vanguard Total Stock Market Index Fund and Schwab Strategic Tr-Schwab Fundamental U.S. Small Company Index ETF are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 3.98 million shares of worth $13.03 million or 2.91% of the total outstanding shares. The later fund manager was in possession of 3.21 million shares on Nov 29, 2023, making its stake of worth around $10.49 million in the company or a holder of 2.35% of company’s stock.
