$4.59 Billion in Sales Expected for Tenet Healthcare Corp (THC) This Quarter

Lloyd Doyle
March 7, 2018

According to the legal document freely available here, the aggregate amount of the deal was $294,903 U.S Dollars. Tenet Healthcare Corporation is a part of Healthcare sector and belongs to Hospitals industry. The institutional investor held 537,109 shares of the metal fabrications company at the end of 2017Q3, valued at $55.40 million, down from 563,407 at the end of the previous reported quarter. Caspian Capital Lp who had been investing in Tenet Healthcare Corp for a number of months, seems to be bullish on the $2.21 billion market cap company. The stock increased 4.40% or $0.94 during the last trading session, reaching $22.29. About 61,400 shares traded.

Tenet Healthcare (NYSE:THC) last issued its quarterly earnings results on Monday, February 26th. It has underperformed by 53.51% the S&P500. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company's stock. Therefore 63% are positive.

The 52 week range is a simple technical indicator that lists the highest and lowest price at which a security was sold over preceding 52 weeks (or one year). Boeing had 104 analyst reports since August 26, 2015 according to SRatingsIntel. Deutsche Bank maintained FTI Consulting, Inc. The stock of AbbVie Inc. Jefferies maintained Radware Ltd. (NASDAQ:RDWR) rating on Tuesday, June 6. The rating was downgraded by Standpoint Research to "Sell" on Wednesday, June 7. Mizuho maintained the stock with "Neutral" rating in Monday, March 27 report. The company has market cap of $2.11 million. It has a 24.88 P/E ratio. The Company's Forensic and Litigation Consulting segment offers forensic accounting and advisory, global risk and investigations practice, dispute advisory, intellectual property (IP) related, civil trial, financial and enterprise data analytics, anti-corruption investigations and compliance, and health consulting services, as well as compliance, monitoring, and receivership services; and assistance in business insurance claims.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.05, from 1.05 in 2017Q2. It is negative, as 33 investors sold FTI Consulting, Inc. shares while 44 reduced holdings. 23 funds opened positions while 54 raised stakes. The Illinois-based 12Th Street Asset Management Company Llc has invested 0.56% in the stock. American Intl Inc reported 0% in FTI Consulting, Inc. Ameriprise Fincl holds 0.41% or 3.42 million shares in its portfolio. 28,868 were accumulated by Texas Permanent School Fund. Brinker Capital has 0.01% invested in FTI Consulting, Inc. The Connecticut-based Ht Prtn Ltd Liability Company has invested 0.49% in Johnson & Johnson (NYSE:JNJ). Edge Wealth Mngmt Limited Liability invested in 60 shares. Ubs Asset Management Americas owns 749,610 shares. Hutchin Hill Capital Ltd Partnership reported 225,000 shares. Russell Investments Group Ltd. now owns 10,525 shares of the company's stock worth $173,000 after acquiring an additional 6,800 shares during the last quarter. (NYSE:ABBV). The New York-based Barrett Asset Management has invested 2.41% in AbbVie Inc. State Street Corp now owns 2,926,533 shares of the company's stock worth $56,603,000 after purchasing an additional 593,520 shares during the last quarter. Given that its average daily volume over the 30 days has been 2.65 million shares a day, this signifies a pretty significant change over the norm. Compass Diversified Holdings LLC (CODI) has risen 3.37% since March 6, 2017 and is uptrending. It has underperformed by 20.65% the S&P500.

Investors sentiment increased to 1.33 in 2017 Q3. Its down 0.05, from 0.86 in 2017Q2. It is positive, as 33 investors sold Tenet Healthcare Corporation shares while 57 reduced holdings. 41 funds opened positions while 79 raised stakes. 122.38 million shares or 7.67% more from 113.66 million shares in 2017Q2 were reported. The 1st High Dividend Yield stock on the spotlight is Tenet Healthcare Corporation (THC). Vanguard Grp Inc has invested 0.01% in Tenet Healthcare Corporation (NYSE:THC). Edge Wealth Mgmt Limited Co reported 0% of its portfolio in Tenet Healthcare Corporation (NYSE:THC).


Currently Analysts have a mean recommendation of 2.60 on the shares. First Mercantile Trust has invested 0.03% in Tenet Healthcare Corporation (NYSE:THC). The Alabama-based Oakworth Cap has invested 0% in Tenet Healthcare Corporation (NYSE:THC). Voya Inv Mgmt Ltd Liability stated it has 36,713 shares or 0% of all its holdings. Brave Asset holds 1.72% of its portfolio in The Boeing Company (NYSE:BA) for 12,922 shares.

Taking a broader look at the analyst consensus, brokerage firms have a price target of $22.29 on Tenet Healthcare Corp (NYSE:THC). Shelton Cap Management accumulated 0.4% or 20,275 shares. Louisiana State Employees Retirement System reported 21,500 shares or 0.02% of all its holdings. 12,677 were accumulated by Lpl Limited Liability Corporation.

GNC Holdings, Inc.by far traveled 43.77% versus a 1-year low price of $3.13. Therefore 48% are positive.

Tenet Healthcare Corporation (THC) stock price traded at a gap of 11.32% from an average price of last twenty days and stands at a distance of 21.70% away from it's an average price of recent fifty days. Raymond James upgraded the stock to "Outperform" rating in Wednesday, February 28 report. (NASDAQ:NTES) on Thursday, May 12 to "Buy" rating. The stock of Tenet Healthcare Corporation (NYSE:THC) earned "Underweight" rating by JP Morgan on Monday, March 5. The rating was maintained by Jefferies on Wednesday, September 20 with "Buy". The stock of Tenet Healthcare Corporation (NYSE:THC) has "Neutral" rating given on Wednesday, January 4 by Piper Jaffray.

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