Saumya Sutaria Sells 50,000 Shares of Tenet Healthcare (NYSE:THC) Stock

Tenet Healthcare Corporation (NYSE:THC) CEO Saumya Sutaria sold 50,000 shares of Tenet Healthcare stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $278.71, for a total value of $13,935,500.00. Following the completion of the sale, the chief executive officer owned 483,564 shares in the company, valued at approximately $134,774,122.44. The trade was a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Tenet Healthcare Stock Performance

NYSE THC opened at $267.61 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.41 and a quick ratio of 1.35. The stock’s 50 day simple moving average is $228.11 and its 200-day simple moving average is $209.12. The company has a market cap of $21.55 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23. Tenet Healthcare Corporation has a 1-year low of $157.58 and a 1-year high of $283.05.

Tenet Healthcare (NYSE:THC) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $6.12 EPS for the quarter, topping the consensus estimate of $4.26 by $1.86. The firm 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%.The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $4.02 earnings per share. Tenet Healthcare has set its FY 2026 guidance at 20.300-21.690 EPS. As a group, equities research analysts anticipate that Tenet Healthcare Corporation will post 20.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Triumph Capital Management acquired a new stake in Tenet Healthcare during the third quarter worth $25,000. Activest Wealth Management purchased a new position in shares of Tenet Healthcare during the 4th quarter worth $26,000. Elyxium Wealth LLC acquired a new stake in shares of Tenet Healthcare during the 4th quarter worth about $29,000. Canada Pension Plan Investment Board purchased a new stake in Tenet Healthcare in the 2nd quarter valued at about $35,000. Finally, Trust Co. of Vermont acquired a new position in Tenet Healthcare in the second quarter valued at about $37,000. 95.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Tenet Healthcare from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Stephens restated an “overweight” rating and set a $285.00 target price on shares of Tenet Healthcare in a report on Monday, July 27th. Royal Bank Of Canada increased their price target on Tenet Healthcare from $236.00 to $283.00 and gave the company an “outperform” rating in a report on Monday, July 27th. TD Cowen lifted their price objective on Tenet Healthcare from $233.00 to $263.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Finally, Zacks Research upgraded Tenet Healthcare from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Tenet Healthcare has a consensus rating of “Buy” and a consensus price target of $273.00.

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.