Winslow Asset Management Inc. boosted its stake in Tenet Healthcare Corporation (NYSE:THC) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 230,250 shares of the company’s stock after buying an additional 4,592 shares during the period. Winslow Asset Management Inc. owned 0.23% of Tenet Healthcare Corporation worth $4,453,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of THC. Meeder Asset Management Inc. increased its position in shares of Tenet Healthcare Corporation by 0.3% in the second quarter. Meeder Asset Management Inc. now owns 51,741 shares of the company’s stock valued at $1,001,000 after buying an additional 175 shares during the last quarter. Advantus Capital Management Inc increased its position in shares of Tenet Healthcare Corporation by 3.2% in the first quarter. Advantus Capital Management Inc now owns 10,223 shares of the company’s stock valued at $181,000 after buying an additional 317 shares during the last quarter. State Treasurer State of Michigan increased its position in shares of Tenet Healthcare Corporation by 1.3% in the first quarter. State Treasurer State of Michigan now owns 32,400 shares of the company’s stock valued at $574,000 after buying an additional 400 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Tenet Healthcare Corporation by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 27,911 shares of the company’s stock valued at $494,000 after buying an additional 400 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Tenet Healthcare Corporation by 1.4% in the first quarter. Baird Financial Group Inc. now owns 32,940 shares of the company’s stock valued at $583,000 after buying an additional 451 shares during the last quarter.
Tenet Healthcare Corporation (NYSE:THC) opened at 14.45 on Friday. The company’s market cap is $1.46 billion. Tenet Healthcare Corporation has a 52 week low of $12.54 and a 52 week high of $24.96. The company’s 50-day moving average is $17.36 and its 200-day moving average is $17.86.
Tenet Healthcare Corporation (NYSE:THC) last posted its quarterly earnings results on Monday, August 7th. The company reported ($0.17) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.17). Tenet Healthcare Corporation had a negative net margin of 0.97% and a negative return on equity of 2.00%. The company had revenue of $14.80 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the business posted $0.38 EPS. The firm’s revenue was up 204.1% compared to the same quarter last year. On average, analysts anticipate that Tenet Healthcare Corporation will post $0.82 EPS for the current fiscal year.
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Several equities analysts recently commented on THC shares. Zacks Investment Research raised shares of Tenet Healthcare Corporation from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research note on Monday, July 10th. Royal Bank Of Canada reissued a “hold” rating and issued a $25.00 price objective on shares of Tenet Healthcare Corporation in a research note on Tuesday, July 18th. Credit Suisse Group increased their price objective on shares of Tenet Healthcare Corporation from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, May 15th. ValuEngine downgraded shares of Tenet Healthcare Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Mizuho reissued a “neutral” rating and issued a $18.00 price objective on shares of Tenet Healthcare Corporation in a research note on Sunday, April 23rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $22.67.
About Tenet Healthcare Corporation
Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company’s segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children’s hospitals, two specialty hospitals and one critical access hospital.
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