Tenet Healthcare Corporation (THC) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its position in Tenet Healthcare Corporation (NYSE:THC) by 28.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,585 shares of the company’s stock after selling 6,990 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Tenet Healthcare Corporation were worth $311,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Oxbow Advisors LLC acquired a new stake in shares of Tenet Healthcare Corporation during the first quarter worth $1,229,000. Oregon Public Employees Retirement Fund boosted its stake 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 worth $494,000 after buying an additional 400 shares during the period. First Mercantile Trust Co. boosted its stake in shares of Tenet Healthcare Corporation by 23.8% in the first quarter. First Mercantile Trust Co. now owns 9,900 shares of the company’s stock worth $175,000 after buying an additional 1,900 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Tenet Healthcare Corporation by 0.7% in the first quarter. Nationwide Fund Advisors now owns 132,283 shares of the company’s stock worth $2,343,000 after buying an additional 968 shares during the period. Finally, Columbus Circle Investors boosted its stake in shares of Tenet Healthcare Corporation by 24.6% in the first quarter. Columbus Circle Investors now owns 410,829 shares of the company’s stock worth $7,276,000 after buying an additional 80,996 shares during the period.

Shares of Tenet Healthcare Corporation (NYSE THC) opened at 14.45 on Friday. The firm’s market cap is $1.46 billion. The company’s 50-day moving average is $17.36 and its 200 day moving average is $17.86. Tenet Healthcare Corporation has a 1-year low of $12.54 and a 1-year high of $24.96.

Tenet Healthcare Corporation (NYSE:THC) last released its quarterly earnings data on Monday, August 7th. The company reported ($0.17) EPS for the quarter, hitting analysts’ consensus estimates of ($0.17). The company had revenue of $14.80 billion during the quarter, compared to the consensus estimate of $4.90 billion. Tenet Healthcare Corporation had a negative net margin of 0.97% and a negative return on equity of 2.00%. The firm’s revenue for the quarter was up 204.1% compared to the same quarter last year. During the same period last year, the firm earned $0.38 EPS. On average, equities research analysts expect that Tenet Healthcare Corporation will post $0.82 EPS for the current fiscal year.

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A number of research firms have weighed in on THC. Royal Bank Of Canada reissued a “hold” rating and issued a $25.00 price objective on shares of Tenet Healthcare Corporation in a research report on Tuesday, July 18th. Zacks Investment Research raised shares of Tenet Healthcare Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. BidaskClub raised shares of Tenet Healthcare Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Credit Suisse Group upped 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 report on Monday, May 15th. Finally, ValuEngine cut shares of Tenet Healthcare Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $22.67.

Tenet Healthcare Corporation Company Profile

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.

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

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