Tenet Healthcare Corp (NYSE:THC) Stake Lowered by Quantamental Applied sciences LLC

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Quantamental Applied sciences LLC trimmed its holdings in shares of Tenet Healthcare Corp (NYSE:THC) by 53.6% within the 1st quarter, based on the corporate in its most up-to-date disclosure with the Securities & Change Fee. The agency owned 1,818 shares of the corporate’s inventory after promoting 2,100 shares throughout the interval. Quantamental Applied sciences LLC’s holdings in Tenet Healthcare had been price $52,00Zero on the finish of the latest reporting interval.

Plenty of different hedge funds and different institutional buyers have additionally purchased and offered shares of THC. Flinton Capital Administration LLC raised its stake in shares of Tenet Healthcare by 3.6% throughout the fourth quarter. Flinton Capital Administration LLC now owns 14,484 shares of the corporate’s inventory valued at $248,00Zero after buying a further 510 shares over the last quarter. Retirement Techniques of Alabama raised its stake in shares of Tenet Healthcare by 0.6% throughout the first quarter. Retirement Techniques of Alabama now owns 108,254 shares of the corporate’s inventory valued at $3,122,00Zero after buying a further 611 shares over the last quarter. Arizona State Retirement System raised its stake in shares of Tenet Healthcare by 1.2% throughout the fourth quarter. Arizona State Retirement System now owns 59,589 shares of the corporate’s inventory valued at $1,021,00Zero after buying a further 696 shares over the last quarter. Oregon Public Staff Retirement Fund raised its stake in shares of Tenet Healthcare by 2.3% throughout the fourth quarter. Oregon Public Staff Retirement Fund now owns 32,997 shares of the corporate’s inventory valued at $566,00Zero after buying a further 741 shares over the last quarter. Lastly, Financial institution of Montreal Can raised its stake in shares of Tenet Healthcare by 8.0% throughout the fourth quarter. Financial institution of Montreal Can now owns 11,719 shares of the corporate’s inventory valued at $200,00Zero after buying a further 870 shares over the last quarter. Institutional buyers and hedge funds personal 99.25% of the corporate’s inventory.

THC traded up $0.01 throughout noon buying and selling on Wednesday, reaching $21.08. The corporate’s inventory had a buying and selling quantity of 1,130,368 shares, in comparison with its common quantity of 1,529,770. Tenet Healthcare Corp has a 1 12 months low of $16.60 and a 1 12 months excessive of $39.74. The corporate has a debt-to-equity ratio of 21.98, a fast ratio of 1.15 and a present ratio of 1.23. The inventory has a market cap of $2.08 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 0.37 and a beta of 1.64.

Tenet Healthcare (NYSE:THC) final posted its quarterly earnings outcomes on Monday, April 29th. The corporate reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.25. Tenet Healthcare had a destructive web margin of 0.04% and a optimistic return on fairness of 29.29%. The agency had income of $4.55 billion for the quarter, in comparison with analysts’ expectations of $4.51 billion. Throughout the identical quarter within the prior 12 months, the corporate posted $0.57 earnings per share. The enterprise’s income for the quarter was down 3.3% on a year-over-year foundation. Equities analysis analysts predict that Tenet Healthcare Corp will submit 2.32 EPS for the present 12 months.

THC has been the topic of a variety of analysis studies. Raymond James elevated their value goal on shares of Tenet Healthcare from $37.00 to $47.00 in a analysis be aware on Wednesday, February 27th. Citigroup elevated their value goal on shares of Tenet Healthcare from $35.00 to $37.00 and gave the inventory a “purchase” ranking in a analysis be aware on Wednesday, February 27th. TheStreet downgraded shares of Tenet Healthcare from a “c” ranking to a “d+” ranking in a analysis be aware on Monday, Could 13th. Financial institution of America reissued a “impartial” ranking and issued a $30.00 value goal (up from $21.00) on shares of Tenet Healthcare in a analysis be aware on Tuesday, February 26th. Lastly, Barclays set a $24.00 value goal on shares of Tenet Healthcare and gave the inventory a “maintain” ranking in a analysis be aware on Wednesday, April 17th. Two analysis analysts have rated the inventory with a promote ranking, ten have issued a maintain ranking and three have given a purchase ranking to the corporate’s inventory. Tenet Healthcare at present has a consensus ranking of “Maintain” and a consensus value goal of $30.07.

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Tenet Healthcare Profile

Tenet Healthcare Company operates as a diversified healthcare providers firm. The corporate operates in three segments: Hospital Operations and Different, Ambulatory Care, and Conifer. Its basic hospitals provide acute care providers, working and restoration rooms, radiology and respiratory remedy providers, medical laboratories, and pharmacies.

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

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