Aperio Group LLC Has $1.08 Million Stake in Tenet Healthcare Corporation (THC)

Aperio Group LLC decreased its position in Tenet Healthcare Corporation (NYSE:THC) by 19.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,794 shares of the company’s stock after selling 15,482 shares during the period. Aperio Group LLC owned 0.07% of Tenet Healthcare Corporation worth $1,081,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in shares of Tenet Healthcare Corporation by 52.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,618 shares of the company’s stock valued at $117,000 after buying an additional 2,266 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Tenet Healthcare Corporation by 57.4% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 7,100 shares of the company’s stock valued at $126,000 after buying an additional 2,590 shares during the period. Riverhead Capital Management LLC grew its stake in shares of Tenet Healthcare Corporation 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 buying an additional 3,161 shares during the period. Flinton Capital Management LLC grew its stake in shares of Tenet Healthcare Corporation 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 buying an additional 3,128 shares during the period. Finally, First Mercantile Trust Co. grew its stake in shares of Tenet Healthcare Corporation by 11.1% in the 2nd quarter. First Mercantile Trust Co. now owns 11,000 shares of the company’s stock valued at $213,000 after buying an additional 1,100 shares during the period.

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Several research firms have recently weighed in on THC. Citigroup Inc. reissued a “neutral” rating and issued a $16.00 price target (down previously from $20.00) on shares of Tenet Healthcare Corporation in a research note on Thursday, August 10th. Credit Suisse Group began coverage on shares of Tenet Healthcare Corporation in a research note on Thursday, November 2nd. They issued a “neutral” rating and a $15.00 price target for the company. Zacks Investment Research raised shares of Tenet Healthcare Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Deutsche Bank AG reissued a “buy” rating and issued a $24.00 price target (down previously from $28.00) on shares of Tenet Healthcare Corporation in a research note on Thursday, August 10th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $23.00 price target on shares of Tenet Healthcare Corporation in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $19.00.

Shares of Tenet Healthcare Corporation (THC) opened at $13.24 on Friday. Tenet Healthcare Corporation has a fifty-two week low of $12.25 and a fifty-two week high of $22.72. 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 Corporation (NYSE:THC) last released its earnings results on Monday, November 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.23. The company had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.94 billion. Tenet Healthcare Corporation had a negative net margin of 2.85% and a negative return on equity of 5.61%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 EPS. equities research analysts expect that Tenet Healthcare Corporation will post 0.7 earnings per share for the current year.

Tenet Healthcare Corporation 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 Corporation (NYSE:THC)

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