Tenet Healthcare Corporation (NYSE:THC) Experiences Heavier than Average Trading Volume

Marco Green
September 14, 2017

Tenet Healthcare Corp (NYSE:THC) has declined 36.81% since September 12, 2016 and is downtrending. It has underperformed by 17.22% the S&P500. It was reported on Sep, 13 by Barchart.com. (NYSE:THC) Cheap From Peers? Bellevue Group Ag added to its ownership by buying 2,960 shares an increase of 0.9% in the quarter. Therefore 69% are positive. Recently, analysts have updated the overall rating to 2.5. Sterne Agee CRT initiated it with "Buy" rating and $65 target in Thursday, September 10 report.

On June 6 the company was upgraded to "Outperform" from "Market Perform" in a statement from Wells Fargo. The firm has "Neutral" rating by Mizuho given on Wednesday, October 5. The rating was upgraded by BMO Capital Markets on Friday, September 4 to "Outperform". Goldman Sachs reinitiated Tenet Healthcare Corp (NYSE:THC) on Tuesday, July 21 with "Neutral" rating. Bancorporation Of Mellon holds 1.01 million shares. The company has market cap of $11.78 billion.

Tenet Healthcare Corporation is a healthcare services company.

Investors sentiment increased to 1.25 in Q4 2016. Its up 0.11, from 1.14 in 2016Q3. The total value of its holdings increased 1,000.7%. 110 funds opened positions while 209 raised stakes.

Tension has been rising between Tenet and Glenview Capital Management, an activist investor that owns 17.8 percent of its stock. Adirondack accumulated 0% or 100 shares.

Investors sentiment increased to 0.91 in 2016 Q4. Bluecrest Cap Ltd has 12,059 shares. At present, 0 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. Nippon Life Global Americas has invested 1.49% in AT&T Inc. New Jersey-based Bessemer Gp has invested 0% in Tenet Healthcare Corp (NYSE:THC). Further, Winslow Asset Management Inc reported stake worth 1.62% of its portfolio. (NYSE:T). Tiaa Cref Tru Fsb Mo stated it has 0.12% in AT&T Inc. Sei Investments has 0.04% invested in CBOE Holdings, Inc (NASDAQ:CBOE). Great Lakes Advsrs Ltd Liability Company holds 0.03% of its portfolio in CBOE Holdings, Inc (NASDAQ:CBOE) for 45,325 shares. About 7,517 shares traded. It has outperformed by 17.67% the S&P500.

Since May 24, 2017, it had 4 buys, and 0 selling transactions for $15,688 activity. Shares for $20.06M were sold by Mitchell Christopher on Thursday, June 8. Welch Capital Partners Llc sold 380,180 shares as the company's stock declined 9.34% while stock markets rallied. On Friday, May 12 the insider English Frank E. Jr. sold $33,732. Finally, Leerink Swann reissued an "outperform" rating and issued a $30.00 price objective (up from $23.00) on shares of Tenet Healthcare Corporation in a research note on Sunday, August 20th. 44 funds opened positions while 74 raised stakes. Forest Hill Capital Llc, a Arkansas-based fund reported 108,787 shares. Employees Retirement Sys Of Texas accumulated 99,000 shares or 0.02% of the stock. Jpmorgan Chase reported 379,923 shares. NY Tocqueville Asset Management Lp have 0.01% of its portfolio for 12000 shares. 998,147 shares or 7.53% more from 928,232 shares in 2016Q3 were reported. 55,476 were reported by Parallax Volatility Advisers Limited Partnership.

Tenet Healthcare Corp stake is new for [reportingPerson]. International Gru holds 153,363 shares or 0.01% of its portfolio. 2,087 were reported by Us Bank & Trust De.

Glenview Capital Management reported SC 13D/A form with the SEC for Tenet Healthcare Corp. 3,580K shares changed hands in the last trading session. Gruss Lp invested in 0.03% or 75,000 shares. Nationwide Fund Advisors boosted its position in shares of Tenet Healthcare Corporation by 0.7% during the 1st quarter. The value of the total investment in Tenet Healthcare Corporation increased from $5,766,000 to $6,353,000 a change of $587,000 quarter to quarter. Therefore 32% are positive. The value of the investment in THC went from $151,000 to $1,662,000 a change of $1,511,000 for the reporting period. The firm earned "Buy" rating on Wednesday, April 5 by Deutsche Bank. The stock has "Neutral" rating by Mizuho on Wednesday, October 5. Imperial Capital maintained Gastar Exploration Inc (NYSEMKT:GST) on Tuesday, August 11 with "Outperform" rating. Morgan Stanley initiated the stock with "Equal-Weight" rating in Wednesday, June 7 report. The firm has "Buy" rating given on Thursday, July 13 by Jefferies. The stock has "Underperform" rating by Mizuho on Tuesday, November 22. The rating was maintained by Keefe Bruyette & Woods on Tuesday, June 13 with "Buy".

Tenet Healthcare Corporation is a healthcare services company.

Potential buyers of Tenet would need to contend with the company's $15 billion debt load, which could be a potential hindrance to private equity acquirers, said an investment banker, who asked not to be named because he was not authorized to speak with the media. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States.

Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 0, and a price to sales ratio of 62.15. The Company's segments include Hospital Operations and Other, Ambulatory Care and Conifer.

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