Published: Tue, March 13, 2018
People | By Leon Thompson

Tenet Healthcare Corp (THC): Stock's Stunning Activities


The stock increased 1.43% or $0.34 during the last trading session, reaching $24.18. Bauman James L sold $2.19M worth of stock or 8,834 shares. Tenet Healthcare Corporation (NYSE:THC) has declined 36.81% since March 12, 2017 and is downtrending. It has underperformed by 53.51% the S&P500.

Quinn Opportunity Partners Llc increased its stake in Jetblue Airways Corp (JBLU) by 14.62% based on its latest 2017Q3 regulatory filing with the SEC. Russell Investments Group Ltd. now owns 10,525 shares of the company's stock valued at $173,000 after purchasing an additional 6,800 shares during the last quarter. Milestone Gp Incorporated Inc reported 11,671 shares. Procter & Gamble Co now has $201.44B valuation. The stock increased 0.66% or $0.1 during the last trading session, reaching $15.33. The company has its outstanding shares of 100.94 Million. Redwood Trust, Inc. (NYSE:RWT) has risen 20.96% since March 12, 2017 and is uptrending. It has underperformed by 6.87% the S&P500.

More interesting news about Tenet Healthcare Corporation (NYSE:THC) was released by: Zacks.com and their article: "Tenet Healthcare Sells MacNeal Hospital to Streamline Trade" with publication date: March 05, 2018. As per Wednesday, November 9, the company rating was downgraded by Bank of America. The stock now has an average rating of "Hold" and a consensus target price of $20.56. The firm has "Outperform" rating given on Monday, August 31 by BMO Capital Markets. The company was upgraded on Wednesday, April 13 by Susquehanna. The company was downgraded on Tuesday, November 22 by Mizuho. Citigroup raised shares of Tenet Healthcare from a "neutral" rating to a "buy" rating in a research note on Tuesday, December 12th.

Investors sentiment increased to 0.99 in 2017 Q3. Its down 0.64, from 1.65 in 2017Q2.

Hedge funds and other institutional investors have recently bought and sold shares of the company. 101 funds opened positions while 417 raised stakes. Caspian Limited Partnership holds 11.05% in Tenet Healthcare Corporation (NYSE:THC) or 925,000 shares. During the same quarter in the previous year, the firm posted $0.06 EPS. analysts forecast that Tenet Healthcare will post 0.92 earnings per share for the current fiscal year.

However out of 14 analysts 5 suggest Tenet Healthcare Corp (NYSE:THC) a Strong Buy, 1 suggested Buy, 9 Hold and 2 Sell, while 0 analysts recommend the stock a Strong Sell. Moreover, Gru has 0.01% invested in Tenet Healthcare Corporation (NYSE:THC) for 219,526 shares. California State Teachers Retirement accumulated 140,194 shares.

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Winslow Asset Management Inc, which manages about $695.38M and $516.35M US Long portfolio, decreased its stake in Brookdale Sr Living Com (NYSE:BKD) by 180,660 shares to 113,671 shares, valued at $1.21M in 2017Q3, according to the filing. Comerica Savings Bank reported 63,129 shares stake.

Stephen Dubois increased its stake in Tenet Healthcare Corp (THC) by 43.75% based on its latest 2017Q3 regulatory filing with the SEC. Deltec Asset Mngmt Ltd Llc reported 10,500 shares or 0.04% of all its holdings. Putnam Investments Limited Liability holds 87,700 shares or 0% of its portfolio. New Jersey Better Educational Savings Tru, New Jersey-based fund reported 24,000 shares. (NYSE:RWT). Fincl Bank Of Montreal Can reported 75,307 shares. Retail Bank Of Mellon Corporation accumulated 1.10M shares. Schwab Charles Investment Incorporated owns 534,579 shares. On Thursday, February 1 the insider HNAT JAMES G sold $104,175. The company has market cap of $2.45 billion. It turned negative, as 11 investors sold RWT shares while 47 reduced holdings. St George Martin J sold $69,000 worth of stock or 3,000 shares. Corporate insiders own 3.10% of the company's stock. 2,353 shares valued at $184,924 were sold by FergusonMchugh MaryLynn on Wednesday, November 15.

Investors sentiment increased to 1.33 in Q3 2017. Its up 0.01, from 0.99 in 2017Q2. It also holds interests in two producing gas and oil fields in Louisiana. Pentwater Capital Management LP purchased a new position in shares of Tenet Healthcare during the 3rd quarter worth $164,000. Thrivent Finance For Lutherans holds 0% or 17,420 shares. Whitebox Advsr Ltd Liability has 359,582 shares. Illinois-based Old Republic has invested 1.7% in The Procter & Gamble Company (NYSE:PG). Geode Mngmt Ltd invested 0% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). During the same period in the prior year, the company earned $0.06 EPS. Quantitative Inv Ltd Limited Liability Company reported 313,100 shares. Nj State Employees Deferred Compensation Plan stated it has 85,000 shares or 0.25% of all its holdings. 13 are held by Parkside Bank And. Barclays Public Ltd Co holds 0% or 89,278 shares. Saratoga Rech & Investment Management reported 0.19% stake.

Among 25 analysts covering Proctor & Gamble (NYSE:PG), 12 have Buy rating, 1 Sell and 12 Hold. Therefore 100% are positive. Shutterfly had 33 analyst reports since July 30, 2015 according to SRatingsIntel. In general, if the indicator goes above -20, the stock may be considered overbought. The company was maintained on Wednesday, February 28 by Wells Fargo. The stock presently has a consensus rating of "Hold" and a consensus target price of $20.56. The firm earned "Hold" rating on Thursday, September 7 by Cowen & Co. RBC Capital Markets maintained the shares of THC in report on Saturday, September 23 with "Hold" rating. Jefferies maintained the stock with "Buy" rating in Thursday, August 17 report. The rating was maintained by Morgan Stanley on Monday, October 2 with "Underweight". As per Thursday, June 1, the company rating was maintained by Jefferies. Goldman Sachs upgraded the stock to "Buy" rating in Wednesday, January 27 report. (NYSE:JPM) on Tuesday, January 16.

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