Tenet Healthcare (THC) Issues FY18 Earnings Guidance

Lester Mason
March 16, 2018

Winslow Asset Management Inc bought 23,997 shares as the company's stock declined 9.34% while stock markets rallied. The institutional investor held 22,141 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $1.02 billion, down from 25,091 at the end of the previous reported quarter. Biogen Inc now has $61.02B valuation. The stock increased 1.83% or $5.18 during the last trading session, reaching $288.42. About 623,447 shares traded. Immunomedics, Inc. (IMMU) has risen 76.26% since March 15, 2017 and is uptrending. It has underperformed by 5.82% the S&P500.

Apollo Management Holdings Lp increased Tenet Healthcare Corp (THC) stake by 140% reported in 2017Q3 SEC filing. The hedge fund run by Youlia Miteva held 200,000 shares of the hospital and nursing management company at the end of 2017Q3, valued at $3.29M, up from 103,939 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 $2.47B market cap company. The stock increased 1.74% or $1.28 during the last trading session, reaching $74.75. About 685,434 shares traded. Oak Ridge Invs Ltd Liability Corporation has 0.46% invested in V.F. Corporation (NYSE:VFC) for 176,542 shares. It has underperformed by 53.51% the S&P500.

Investors sentiment decreased to 0.88 in 2017 Q3. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.15. It increased, as 33 investors sold THC shares while 57 reduced holdings. 85 funds opened positions while 211 raised stakes. 395.35 million shares or 2.44% less from 405.25 million shares in 2017Q2 were reported. Hence the difference between Predicted EPS and Actual EPS reported is $0.15/share which shows an Earnings Surprise of 12 Percent. Ubs Oconnor Ltd Liability stated it has 50,000 shares.

Acuta Capital Partners Llc holds 16.88% of its portfolio in Immunomedics, Inc. for 6.74 million shares. Supplemental Annuity Collective Of Nj holds 0.29% or 40,000 shares. Deutsche Fincl Bank Ag, a Germany-based fund reported 89,766 shares. Invesco reported 0.01% stake. Hutchin Hill Lp accumulated 0.14% or 225,000 shares. Shares for $1.34M were sold by Roe Scott A. on Thursday, October 26. Landscape Cap Mngmt Llc holds 0.07% of its portfolio in Tenet Healthcare Corporation (NYSE:THC) for 41,621 shares. Bessemer Group Incorporated has 1,189 shares for 0% of their portfolio. Putnam Limited Liability Company owns 87,700 shares for 0% of their portfolio.

Tenet Healthcare Corp (NYSE:THC) has an ABR of 2.45 which is the combined stock view of 14 analysts poll results. Gru One Trading LP has invested 0% in Tenet Healthcare Corporation (NYSE:THC). Raymond James & Associate has 16,138 shares. Schroder Invest Grp Inc owns 535,538 shares for 0.06% of their portfolio. It also increased its holding in Emerging Markets Ishares Index (EEM) by 4,063 shares in the quarter, for a total of 149,335 shares, and has risen its stake in Alphabet Inc Cl A. The company has a debt-to-equity ratio of 27.44, a current ratio of 1.29 and a quick ratio of 1.22. Weatherford Intl Ltd (Prn) was reduced too.

Among 29 analysts covering The TJX Companies (NYSE:TJX), 24 have Buy rating, 0 Sell and 5 Hold. Therefore 83% are positive.

Sell side analysts plays vital role in buying and selling a stock where 1 analysts rated Tenet Healthcare Corp. The stock has "Hold" rating by Piper Jaffray on Monday, September 11.

The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E. Tenet Healthcare Corp (NYSE:THC) has a current PEG of 0. As per Wednesday, February 28, the company rating was maintained by Wells Fargo. Cowen & Co maintained the shares of VFC in report on Monday, August 14 with "Hold" rating. Mizuho maintained the shares of THC in report on Tuesday, December 19 with "Neutral" rating. Mizuho maintained the stock with "Neutral" rating in Wednesday, October 5 report. (NASDAQ:BIIB), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. V.F. Corp had 106 analyst reports since July 24, 2015 according to SRatingsIntel. (NASDAQ:BIIB) on Tuesday, January 2 with "Buy" rating. As per Tuesday, December 19, the company rating was maintained by SunTrust. The company was maintained on Wednesday, May 4 by Citigroup. On Thursday, December 10 the stock rating was maintained by Argus Research with "Buy". BMO Capital Markets maintained the shares of BIIB in report on Monday, March 5 with "Outperform" rating. Robert W. Baird downgraded the shares of BIIB in report on Monday, July 27 to "Neutral" rating. The firm earned "Buy" rating on Friday, August 11 by Jefferies. The stock of 8×8, Inc. Piper Jaffray upgraded the shares of BIIB in report on Monday, November 7 to "Overweight" rating. (NYSE:TJX) earned "Buy" rating by SunTrust on Friday, February 2.

Analysts await 8×8, Inc. They expect $-0.02 EPS, up 92.59 % or $0.25 from last year's $-0.27 per share. VFC's profit will be $257.85M for 28.75 P/E if the $0.65 EPS becomes a reality. After $1.01 actual earnings per share reported by V.F. Corporation for the previous quarter, Wall Street now forecasts -35.64% negative EPS growth. Excalibur Mngmt Corporation accumulated 5,175 shares.

Since January 1, 0001, it had 0 buys, and 14 insider sales for $81.79 million activity.

In other Tenet Healthcare news, Director Ashish Dave sold 75,000 shares of the business's stock in a transaction that occurred on Friday, March 9th. Sandrock Alfred had sold 1,294 shares worth $386,712.

Investors sentiment decreased to 0.88 in 2017 Q3. Its down 0.24, from 1.3 in 2017Q2. It increased, as 42 investors sold VFC shares while 233 reduced holdings. 71 funds opened positions while 254 raised stakes. Public Employees Retirement Of Ohio reported 34,465 shares. Venbio Select Advisor Llc owns 14.74 million shares or 15.98% of their U.S. portfolio. Hollow Brook Wealth Mgmt Llc stated it has 0.31% of its portfolio in Pfizer Inc. Gam Ag owns 33,809 shares or 0.45% of their United States portfolio. Moreover, Wealthfront Inc has 0.02% invested in Halliburton Company (NYSE:HAL). It also upped Gnc Hldgs Inc (Put) (NYSE:GNC) stake by 2.03M shares and now owns 2.13 million shares. Oz Mgmt Limited Partnership holds 300,100 shares or 0.02% of its portfolio. Bb&T Securities has 78,164 shares for 0.08% of their portfolio.

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