Tenet Healthcare (NYSE:THC) EVP Lisa Foo Sells 10,000 Shares of Stock

Tenet Healthcare Corporation (NYSE:THC) EVP Lisa Foo sold 10,000 shares of Tenet Healthcare stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $258.03, for a total transaction of $2,580,300.00. Following the completion of the transaction, the executive vice president directly owned 32,053 shares in the company, valued at $8,270,635.59. This trade represents a 23.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Tenet Healthcare Stock Up 0.9%

NYSE THC opened at $254.88 on Friday. The business has a fifty day moving average price of $192.10 and a two-hundred day moving average price of $199.35. The stock has a market capitalization of $21.96 billion, a PE ratio of 9.83, a PEG ratio of 0.96 and a beta of 1.27. Tenet Healthcare Corporation has a fifty-two week low of $156.71 and a fifty-two week high of $262.68. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.41 and a quick ratio of 1.35.

Tenet Healthcare (NYSE:THC) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $6.12 EPS for the quarter, topping analysts’ consensus estimates of $4.26 by $1.86. The company had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.43 billion. Tenet Healthcare had a return on equity of 26.76% and a net margin of 10.27%.Tenet Healthcare’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.02 EPS. Tenet Healthcare has set its FY 2026 guidance at 20.300-21.690 EPS. Equities analysts expect that Tenet Healthcare Corporation will post 21.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

THC has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on shares of Tenet Healthcare from $213.00 to $231.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Truist Financial increased their price target on Tenet Healthcare from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley boosted their price objective on Tenet Healthcare from $254.00 to $274.00 and gave the stock an “overweight” rating in a research report on Monday. Wall Street Zen upgraded Tenet Healthcare from a “hold” rating to a “buy” rating in a research report on Sunday, July 26th. Finally, Weiss Ratings cut Tenet Healthcare from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 2nd. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $268.50.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Triumph Capital Management bought a new stake in shares of Tenet Healthcare in the 3rd quarter valued at about $25,000. Activest Wealth Management bought a new position in shares of Tenet Healthcare during the fourth quarter worth about $26,000. Elyxium Wealth LLC bought a new stake in Tenet Healthcare in the fourth quarter valued at approximately $29,000. Meeder Asset Management Inc. raised its holdings in Tenet Healthcare by 146.2% during the 4th quarter. Meeder Asset Management Inc. now owns 192 shares of the company’s stock worth $38,000 after purchasing an additional 114 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Tenet Healthcare during the second quarter worth $35,000. 95.44% of the stock is owned by institutional investors.

Tenet Healthcare Company Profile

Tenet Healthcare Corporation (NYSE: THC) is a diversified American healthcare services company that owns and operates acute care hospitals and a broad range of outpatient facilities. Its portfolio includes general acute-care hospitals, specialty hospitals, ambulatory surgery centers, urgent care and diagnostic imaging centers, and other ancillary service locations. Tenet’s operations are oriented around delivering inpatient and outpatient clinical care across multiple medical specialties, with an emphasis on surgical services, emergency care, and advanced diagnostics.

In addition to facility-based care, Tenet provides integrated services designed to support clinical operations and improve patient access and care coordination.