Kentucky Retirement Systems Invests $1.55 Million in Tenet Healthcare Corporation $THC

Kentucky Retirement Systems acquired a new stake in Tenet Healthcare Corporation (NYSE:THC) in the first quarter, Holdings Channel.com reports. The fund acquired 8,192 shares of the company’s stock, valued at approximately $1,546,000.

Other institutional investors also recently bought and sold shares of the company. PeakShares LLC grew its stake in shares of Tenet Healthcare by 3.3% in the 1st quarter. PeakShares LLC now owns 1,693 shares of the company’s stock valued at $319,000 after buying an additional 54 shares during the period. Sanctuary Advisors LLC raised its position in shares of Tenet Healthcare by 0.5% during the 1st quarter. Sanctuary Advisors LLC now owns 11,900 shares of the company’s stock valued at $2,246,000 after buying an additional 57 shares during the period. Quadrant Capital Group LLC grew its position in Tenet Healthcare by 0.7% in the fourth quarter. Quadrant Capital Group LLC now owns 8,134 shares of the company’s stock worth $1,616,000 after acquiring an additional 58 shares during the period. Applied Finance Capital Management LLC increased its stake in Tenet Healthcare by 3.8% during the first quarter. Applied Finance Capital Management LLC now owns 1,644 shares of the company’s stock worth $310,000 after acquiring an additional 60 shares during the last quarter. Finally, Syon Capital LLC raised its position in Tenet Healthcare by 5.3% in the fourth quarter. Syon Capital LLC now owns 1,254 shares of the company’s stock valued at $249,000 after purchasing an additional 63 shares during the period. 95.44% of the stock is owned by hedge funds and other institutional investors.

Tenet Healthcare Price Performance

THC opened at $254.88 on Friday. The stock’s 50-day moving average price is $192.10 and its 200 day moving average price is $199.35. Tenet Healthcare Corporation has a 12-month low of $156.71 and a 12-month high of $262.68. The firm has a market cap of $21.96 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 0.96 and a beta of 1.27. The company has a current ratio of 1.41, a quick ratio of 1.35 and a debt-to-equity ratio of 2.00.

Tenet Healthcare (NYSE:THC) last released its earnings results on Thursday, July 23rd. The company reported $6.12 earnings per share for the quarter, beating the consensus estimate of $4.26 by $1.86. The company had revenue of $6.04 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $4.02 EPS. Tenet Healthcare has set its FY 2026 guidance at 20.300-21.690 EPS. As a group, sell-side analysts expect that Tenet Healthcare Corporation will post 21.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on THC. Truist Financial increased their price target on Tenet Healthcare from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Tuesday. Wells Fargo & Company upped 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. Wall Street Zen raised shares of Tenet Healthcare from a “hold” rating to a “buy” rating in a research note on Sunday, July 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $305.00 price target on shares of Tenet Healthcare in a research note on Tuesday. Finally, Royal Bank Of Canada increased their price objective on shares of Tenet Healthcare from $236.00 to $283.00 and gave the stock an “outperform” rating in a research report on Monday. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $268.50.

Insider Activity

In other Tenet Healthcare news, Director Nadja West sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $177.35, for a total value of $532,050.00. Following the completion of the transaction, the director owned 24,805 shares in the company, valued at $4,399,166.75. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Lisa Y. Foo sold 10,000 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $258.03, for a total value of $2,580,300.00. Following the completion of the sale, the executive vice president owned 32,053 shares in the company, valued at approximately $8,270,635.59. The trade was a 23.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,353 shares of company stock worth $7,683,517 over the last 90 days. Company insiders own 0.97% of the company’s stock.

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.