During the last session, Community Health Systems, Inc. (NYSE:CYH)’s traded shares were 3.58 million, with the beta value of the company hitting 1.53. The 52-week high for the CYH share is $5.20, that puts it down -37.93 from that peak though still a striking 46.68% gain since the share price plummeted to a 52-week low of $2.01. The company’s market capitalization is $523.92M, and the average intraday trading volume over the past 10 days was 1.72 million shares, and the average trade volume was 1.57 million shares over the past three months.
Community Health Systems, Inc. (CYH) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.20. CYH has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.12.
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Community Health Systems, Inc. (NYSE:CYH) trade information
The stock’s 5-day price performance is -0.79%, and it has moved by 8.33% in 30 days. Based on these gigs, the overall price performance for the year is -17.86%. The short interest in Community Health Systems, Inc. (NYSE:CYH) is 7.62 million shares and it means that shorts have 4.63 day(s) to cover.
The extremes of the forecast give a target low and a target high price of $6 and $19 respectively. As a result, CYH is trading at a discount of -403.98% off the target high and -59.15% off the low.
Community Health Systems, Inc. (CYH) estimates and forecasts
Statistics show that Community Health Systems, Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Community Health Systems, Inc. (CYH) shares have gone up 8.02% during the last six months, with a year-to-date growth rate more than the industry average at 76.98% against 20.20. In the rating firms’ projections, revenue will increase 0.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.08B as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 3.07B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 3.04B and 3.06B respectively. In this case, analysts expect current quarter sales to grow by 1.60% and then jump by 0.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 31.96%. While earnings are projected to return 78.31% in 2024, the next five years will return -7.95% per annum.
CYH Dividends
Community Health Systems, Inc. is due to release its next quarterly earnings in August. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Community Health Systems, Inc. (NYSE:CYH)’s Major holders
Community Health Systems, Inc. insiders own 8.19% of total outstanding shares while institutional holders control 75.32% , with the float percentage being 82.04% . BLACKROCK INC. is the largest shareholder of the company, while 244 institutions own stock in it. As of 2024-03-31, the company held over 9.32 million shares (or 7.1411% of all shares), a total value of $32.6 million in shares.
The next largest institutional holding, with 8.91 million shares, is of CASTLEKNIGHT MANAGEMENT LP’s that is approximately 6.7859% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $31.18 million.
Also, the Mutual Funds coming in first place with the largest holdings of Community Health Systems, Inc. (CYH) shares are Vanguard Total Stock Market Index Fund and Schwab Strategic Tr-Schwab Fundamental U.S. Small Company Index ETF . Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 3.99 shares. This amounts to just over 2.87 percent of the company’s overall shares, with a $15.04 million market value. The same data shows that the other fund manager holds slightly less at 3.78, or about 2.72% of the stock, which is worth about $14.24 million.
