Tenet Healthcare Corp (THC) Position Cut by Winslow Asset Management Inc.

Winslow Asset Management Inc. reduced its position in Tenet Healthcare Corp (NYSE:THC) by 3.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 244,517 shares of the company’s stock after selling 9,730 shares during the period. Winslow Asset Management Inc.’s holdings in Tenet Healthcare were worth $3,707,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in THC. Riverhead Capital Management LLC raised its holdings in Tenet Healthcare by 67.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,861 shares of the company’s stock valued at $152,000 after acquiring an additional 3,161 shares during the period. Flinton Capital Management LLC raised its holdings in Tenet Healthcare by 65.7% in the 2nd quarter. Flinton Capital Management LLC now owns 7,888 shares of the company’s stock valued at $153,000 after acquiring an additional 3,128 shares during the period. Pentwater Capital Management LP bought a new position in Tenet Healthcare in the 3rd quarter valued at about $164,000. Russell Investments Group Ltd. raised its holdings in Tenet Healthcare by 182.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 10,525 shares of the company’s stock valued at $173,000 after acquiring an additional 6,800 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Tenet Healthcare in the 3rd quarter valued at about $183,000.

Several research firms have weighed in on THC. Credit Suisse Group began coverage on shares of Tenet Healthcare in a report on Thursday, November 2nd. They issued a “neutral” rating and a $15.00 price target on the stock. Zacks Investment Research raised shares of Tenet Healthcare from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. SunTrust Banks set a $15.00 price target on shares of Tenet Healthcare and gave the company a “hold” rating in a report on Sunday, October 15th. William Blair reissued a “market perform” rating on shares of Tenet Healthcare in a report on Tuesday, November 21st. Finally, Jefferies Group set a $20.00 price target on shares of Tenet Healthcare and gave the company a “buy” rating in a report on Monday, October 30th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $18.87.

Shares of Tenet Healthcare Corp (THC) traded down $0.34 on Thursday, hitting $14.77. 1,634,600 shares of the stock traded hands, compared to its average volume of 1,911,986. Tenet Healthcare Corp has a 12 month low of $12.25 and a 12 month high of $22.72. The company has a market capitalization of $1,520.00, a PE ratio of -2.69, a PEG ratio of 2.13 and a beta of 1.17. The company has a debt-to-equity ratio of 21.21, a current ratio of 1.28 and a quick ratio of 1.21.

Tenet Healthcare (NYSE:THC) last announced its earnings results on Monday, November 6th. The company reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.40) by $0.23. Tenet Healthcare had a negative net margin of 2.85% and a negative return on equity of 5.61%. The company had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same period last year, the firm earned $0.16 earnings per share. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. sell-side analysts forecast that Tenet Healthcare Corp will post 0.69 EPS for the current year.

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Tenet Healthcare Profile

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.

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

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