Tenet Healthcare Corporation (THC) Stake Raised by Teachers Advisors LLC

Teachers Advisors LLC increased its holdings in Tenet Healthcare Corporation (NYSE:THC) by 7.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,100 shares of the company’s stock after purchasing an additional 10,342 shares during the period. Teachers Advisors LLC owned 0.15% of Tenet Healthcare Corporation worth $2,845,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FNY Managed Accounts LLC purchased a new stake in shares of Tenet Healthcare Corporation in the first quarter valued at $109,000. PNC Financial Services Group Inc. grew its position in shares of Tenet Healthcare Corporation by 52.1% in the first quarter. PNC Financial Services Group Inc. now owns 6,618 shares of the company’s stock valued at $117,000 after purchasing an additional 2,266 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of Tenet Healthcare Corporation by 57.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 7,100 shares of the company’s stock valued at $126,000 after purchasing an additional 2,590 shares during the period. Riverhead Capital Management LLC grew its position in shares of Tenet Healthcare Corporation by 67.3% in the second quarter. Riverhead Capital Management LLC now owns 7,861 shares of the company’s stock valued at $152,000 after purchasing an additional 3,161 shares during the period. Finally, Advantus Capital Management Inc grew its position in shares of Tenet Healthcare Corporation by 3.2% in the first quarter. Advantus Capital Management Inc now owns 10,223 shares of the company’s stock valued at $181,000 after purchasing an additional 317 shares during the period.

A number of brokerages have recently commented on THC. Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Tenet Healthcare Corporation in a research report on Thursday, August 24th. Citigroup Inc. reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Tenet Healthcare Corporation in a research report on Thursday, September 14th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Tenet Healthcare Corporation in a research report on Monday, September 25th. Mizuho reaffirmed a “neutral” rating and issued a $14.00 price objective on shares of Tenet Healthcare Corporation in a research report on Sunday, August 20th. Finally, Zacks Investment Research downgraded Tenet Healthcare Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Tenet Healthcare Corporation currently has a consensus rating of “Hold” and a consensus price target of $20.60.

Shares of Tenet Healthcare Corporation (NYSE THC) opened at 13.60 on Wednesday. Tenet Healthcare Corporation has a 52-week low of $12.25 and a 52-week high of $24.13. The stock’s market cap is $1.37 billion. The firm’s 50-day moving average price is $16.16 and its 200-day moving average price is $17.06.

Tenet Healthcare Corporation (NYSE:THC) last announced its quarterly earnings data on Monday, August 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.17). Tenet Healthcare Corporation had a negative return on equity of 2.00% and a negative net margin of 0.97%. The business had revenue of $14.80 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the company earned $0.38 earnings per share. Tenet Healthcare Corporation’s quarterly revenue was up 204.1% compared to the same quarter last year. On average, equities research analysts forecast that Tenet Healthcare Corporation will post $0.76 earnings per share for the current fiscal year.

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Other large investors have also made changes to their positions in the company. FNY Managed Accounts LLC purchased a new stake in shares of Tenet Healthcare Corporation in the first quarter valued at $109,000. PNC Financial Services Group Inc. grew its position in shares of Tenet Healthcare Corporation by 52.1% in the first quarter. PNC Financial Services Group Inc. now owns 6,618 shares of the company’s stock valued at $117,000 after purchasing an additional 2,266 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of Tenet Healthcare Corporation by 57.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 7,100 shares of the company’s stock valued at $126,000 after purchasing an additional 2,590 shares during the period. Riverhead Capital Management LLC grew its position in shares of Tenet Healthcare Corporation by 67.3% in the second quarter. Riverhead Capital Management LLC now owns 7,861 shares of the company’s stock valued at $152,000 after purchasing an additional 3,161 shares during the period. Finally, Advantus Capital Management Inc grew its position in shares of Tenet Healthcare Corporation by 3.2% in the first quarter. Advantus Capital Management Inc now owns 10,223 shares of the company’s stock valued at $181,000 after purchasing an additional 317 shares during the period.

A number of brokerages have recently commented on THC. Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Tenet Healthcare Corporation in a research report on Thursday, August 24th. Citigroup Inc. reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Tenet Healthcare Corporation in a research report on Thursday, September 14th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Tenet Healthcare Corporation in a research report on Monday, September 25th. Mizuho reaffirmed a “neutral” rating and issued a $14.00 price objective on shares of Tenet Healthcare Corporation in a research report on Sunday, August 20th. Finally, Zacks Investment Research downgraded Tenet Healthcare Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Tenet Healthcare Corporation currently has a consensus rating of “Hold” and a consensus price target of $20.60.

Shares of Tenet Healthcare Corporation (NYSE THC) opened at 13.60 on Wednesday. Tenet Healthcare Corporation has a 52-week low of $12.25 and a 52-week high of $24.13. The stock’s market cap is $1.37 billion. The firm’s 50-day moving average price is $16.16 and its 200-day moving average price is $17.06.

Tenet Healthcare Corporation (NYSE:THC) last announced its quarterly earnings data on Monday, August 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.17). Tenet Healthcare Corporation had a negative return on equity of 2.00% and a negative net margin of 0.97%. The business had revenue of $14.80 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the company earned $0.38 earnings per share. Tenet Healthcare Corporation’s quarterly revenue was up 204.1% compared to the same quarter last year. On average, equities research analysts forecast that Tenet Healthcare Corporation will post $0.76 earnings per share for the current fiscal year.

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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.

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

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