Jefferies Group Comments on Tenet Healthcare Corporation's FY2017 Earnings (THC)

Marco Green
November 18, 2017

It has underperformed by 16.70% the S&P500.

Boaz Weinstein increased its stake in Tenet Healthcare Corp (THC) by 63.89% based on its latest 2017Q2 regulatory filing with the SEC. California Public Employees Retirement System now owns 909,117 shares of the company's stock valued at $14,937,000 after purchasing an additional 114,407 shares in the last quarter. Anchorage Grp Ltd, a New York-based fund reported 1.00M shares.

Currently, the stock carries a price to earnings ratio of 12.15, a price to book ratio of 1.33, and a price to sales ratio of 0.2. About 538,798 shares traded. After $-0.17 actual EPS reported by Tenet Healthcare Corp for the previous quarter, Wall Street now forecasts -894.12% EPS growth. It has underperformed by 53.51% the S&P500. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.90 as current ratio and on the opponent side the debt to equity ratio was 0.14 and long-term debt to equity ratio also remained 0.14. It increased, as 45 investors sold THC shares while 57 reduced holdings. (NYSE:PIR) is worth US$361.94 Million and has recently risen 3.29% to US$4.4. 3,861 were reported by Smithfield Trust. Millennium Management holds 722,953 shares or 0.02% of its portfolio. The Netherlands-based Apg Asset Nv has invested 0.43% in Nike Inc (NYSE:NKE). Moreover, Bnp Paribas Arbitrage has 0% invested in Tenet Healthcare Corp (NYSE:THC).

About Tenet Healthcare Corp Tenet Healthcare Corporation (Tenet) is a healthcare services company. Evercore Wealth Mngmt Limited Co invested in 0% or 65 shares.

Healthinvest Partners Ab holds 1.66% of its portfolio in ImmuCell Corporation for 182,133 shares. Deutsche Bank AG reaffirmed 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. The legal version of this report can be viewed at Bluefin Trading Limited Liability Corporation reported 134,812 shares. Retirement Of Alabama stated it has 0.01% in Tenet Healthcare Corp (NYSE:THC).

Camber Capital Management Llc increased Tenet Healthcare Corp (NYSE:THC) stake by 43.75% reported in 2017Q3 SEC filing. Price Michael F holds 0.12% of its portfolio in Tenet Healthcare Corp (NYSE:THC) for 55,000 shares. Principal Financial Gru invested in 342,967 shares. Aviance Capital Management Llc, a Florida-based fund reported 1,580 shares.

Analysts at SunTrust Banks raised their FY2017 earnings per share estimates for shares of Tenet Healthcare Corporation in a research note issued on Tuesday, Zacks Investment Research reports. Therefore 38% are positive. The firm has "Outperform" rating given on Monday, August 31 by BMO Capital Markets. Piper Jaffray initiated the shares of THC in report on Wednesday, January 4 with "Neutral" rating. Bank of America downgraded Tenet Healthcare Corp (NYSE:THC) on Wednesday, November 9 to "Neutral" rating. JP Morgan initiated the stock with "Overweight" rating in Friday, December 11 report. The rating was maintained by RBC Capital Markets on Monday, October 30 with "Hold". RBC Capital Markets maintained Tenet Healthcare Corp (NYSE:THC) rating on Monday, November 13. The firm has "Underperform" rating given on Tuesday, November 22 by Mizuho. Finally, Mizuho restated a neutral rating and set a $14.00 price objective on shares of Tenet Healthcare Corporation in a research report on Sunday, August 20th.

Having a peek at growth estimates of the company, Tenet Healthcare Corp (NYSE:THC) has current quarter growth estimates of 2050% however it has 159.3% estimations over growth for the next quarter.

More notable recent Tenet Healthcare Corp (NYSE:THC) news were published by: which released: "Tenet Board Appoints Two Independent Directors" on November 09, 2017, also with their article: "Trevor Fetter Leaves Tenet Healthcare As CEO" published on October 23, 2017, published: "Tenet Healthcare to Cut 1300 Jobs" on October 27, 2017. Finally, Credit Suisse Group began coverage on shares of Tenet Healthcare Corporation in a research note on Thursday, November 2nd.

Among 21 analysts covering Tenet Healthcare Corporation (NYSE:THC), 8 have Buy rating, 1 Sell and 12 Hold. Mason Hill Advisors Llc who had been investing in Tahoe Resources Inc for a number of months, seems to be less bullish one the $1.42 billion market cap company. Jefferies maintained the shares of HAIN in report on Friday, June 9 with "Buy" rating. As per Friday, October 2, the company rating was initiated by Citigroup. THC was included in 5 notes of analysts from October 5, 2016. On Wednesday, December 16 the stock rating was initiated by Jefferies with "Buy".

Investors sentiment decreased to 1 in 2017 Q2. It improved, as 51 investors sold HAIN shares while 107 reduced holdings. 110 funds opened positions while 410 raised stakes. Tekla Capital Ltd Com holds 313,440 shares. Alliancebernstein Lp accumulated 169,560 shares. Carlson Lp holds 0.07% or 250,000 shares. Nokota Management Lp accumulated 428,000 shares or 0.23% of the stock. Comerica Securities invested 0.41% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC).

Other reports by Click Lancashire

Discuss This Article