In the last trading session, 1.33 million Community Health Systems, Inc. (NYSE:CYH) shares changed hands as the company’s beta touched 1.52. With the company’s per share price at $3.28 changed hands at -$0.06 or -1.80% during last session, the market valuation stood at $448.51M. CYH’s last price was a discount, traded about -99.09% off its 52-week high of $6.53. The share price had its 52-week low at $2.01, which suggests the last value was 38.72% up since then. When we look at Community Health Systems, Inc.’s average trading volume, we note the 10-day average is 2.94 million shares, with the 3-month average coming to 2.15 million.
Community Health Systems, Inc. (NYSE:CYH) trade information
Instantly CYH was in red as seen at the end of in last trading. With action 2.18%, the performance over the past five days has been green. The drop to weekly highs of 3.63 subtracted -1.80% to the stock’s daily price. The company’s shares are showing year-to-date upside of 4.79%, with the 5-day performance at 2.18% in the green. However, in the 30-day time frame, Community Health Systems, Inc. (NYSE:CYH) is 21.93% up. Looking at the short shares, we see there were 7.02 million shares sold at short interest cover period of 2.95 days.
Community Health Systems, Inc. (CYH) estimates and forecasts
Data shows that the Community Health Systems, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 15.49% over the past 6 months, a 67.63% in annual growth rate that is considerably higher than the industry average of 17.10%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Community Health Systems, Inc. will rise 62.80%, while the growth in revenue is estimated to hit 45.50% for the next quarter.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of $3.09 billion. 8 analysts are of the opinion that Community Health Systems, Inc.’s revenue for the quarter ending Jun 2024 will be $3.09 billion. The company’s revenue for the corresponding quarters a year ago was $3.11 billion and $3.04 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -0.50%. The estimates for the next quarter sales put growth at 1.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 31.96%. The 2024 estimates are for Community Health Systems, Inc. earnings to increase by 78.78%, but the outlook for the next 5-year period is at -7.95% per year.
CYH Dividends
Community Health Systems, Inc. is expected to release its next quarterly earnings report between April 29 and May 03.
Community Health Systems, Inc. (NYSE:CYH)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.23% of Community Health Systems, Inc. shares while 72.78% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.31%. There are 72.78% institutions holding the Community Health Systems, Inc. stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 15.09% of the shares, roughly 20.64 million CYH shares worth $90.83 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 7.26% or 9.93 million shares worth $43.7 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Sep 29, 2023 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 8.6 million shares estimated at $24.93 million under it, the former controlled 6.28% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.91% of the shares, roughly 3.98 million shares worth around $17.53 million.
