Teachers Advisors LLC Has $1.93 Million Position in Tenet Healthcare Corporation (THC)

Teachers Advisors LLC reduced its stake in Tenet Healthcare Corporation (NYSE:THC) by 45.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,205 shares of the company’s stock after selling 108,545 shares during the period. Teachers Advisors LLC owned approximately 0.13% of Tenet Healthcare Corporation worth $1,932,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of THC. LMR Partners LLP raised its position in shares of Tenet Healthcare Corporation by 64.6% in the third quarter. LMR Partners LLP now owns 34,258 shares of the company’s stock valued at $777,000 after buying an additional 13,450 shares during the last quarter. Three Peaks Capital Management LLC acquired a new position in shares of Tenet Healthcare Corporation during the third quarter valued at $5,117,000. California State Teachers Retirement System raised its position in shares of Tenet Healthcare Corporation by 0.8% in the third quarter. California State Teachers Retirement System now owns 170,944 shares of the company’s stock valued at $3,874,000 after buying an additional 1,400 shares during the last quarter. Commonwealth Bank of Australia raised its position in shares of Tenet Healthcare Corporation by 53.2% in the third quarter. Commonwealth Bank of Australia now owns 24,200 shares of the company’s stock valued at $548,000 after buying an additional 8,400 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Tenet Healthcare Corporation by 41.6% in the third quarter. Hsbc Holdings PLC now owns 136,602 shares of the company’s stock valued at $3,096,000 after buying an additional 40,132 shares during the last quarter.

Institutional Ownership by Quarter for Tenet Healthcare Corporation (NYSE:THC)

Shares of Tenet Healthcare Corporation (NYSE:THC) traded down 0.55% during midday trading on Friday, reaching $18.21. The company’s stock had a trading volume of 2,019,752 shares. The stock has a 50 day moving average of $17.57 and a 200-day moving average of $17.44. Tenet Healthcare Corporation has a 1-year low of $14.06 and a 1-year high of $31.84. The company’s market capitalization is $1.83 billion.

Tenet Healthcare Corporation (NYSE:THC) last posted its quarterly earnings data on Monday, May 1st. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.25. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Tenet Healthcare Corporation had a negative net margin of 0.92% and a positive return on equity of 2.94%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 EPS. On average, equities research analysts anticipate that Tenet Healthcare Corporation will post $1.19 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This news story was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://transcriptdaily.com/2017/06/17/teachers-advisors-llc-has-1-932-million-position-in-tenet-healthcare-corp-thc-updated-updated.html.

Several research firms have recently commented on THC. Mizuho upgraded Tenet Healthcare Corporation from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $13.00 to $22.80 in a research report on Friday, February 24th. Royal Bank Of Canada restated a “hold” rating and set a $25.00 price target on shares of Tenet Healthcare Corporation in a research report on Friday, March 3rd. Citigroup Inc. lowered their price target on Tenet Healthcare Corporation from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, March 6th. Zacks Investment Research lowered Tenet Healthcare Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, March 9th. Finally, Deutsche Bank AG initiated coverage on Tenet Healthcare Corporation in a report on Tuesday, April 4th. They issued a “buy” rating and a $28.00 target price for the company. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. Tenet Healthcare Corporation has a consensus rating of “Hold” and an average target price of $23.77.

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.

Receive News & Ratings for Tenet Healthcare Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenet Healthcare Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply