Tenet Healthcare (THC) Issues FY18 Earnings Guidance

Marco Green
March 21, 2018

Caspian Capital Lp bought 400,000 shares as the company's stock declined 9.34% while stock markets rallied. The Alps Advisors Inc holds 79,993 shares with $6.15 million value, up from 74,193 last quarter. Tenet Healthcare's quarterly revenue was up 2.4% compared to the same quarter last year. equities research analysts expect that Tenet Healthcare will post 0.92 earnings per share for the current year. About 1.49 million shares traded.

Tenet Healthcare (NYSE:THC) last issued its earnings results on Monday, February 26th. It has underperformed by 53.51% the S&P500.The move comes after 7 months positive chart setup for the $2.50 billion company.

Next Century Growth Investors Llc decreased its stake in 8X8 Inc (EGHT) by 39.42% based on its latest 2017Q3 regulatory filing with the SEC. Inverness Counsel Llc sold 78,635 shares as the company's stock declined 6.89% while stock markets rallied. However the low revenue estimates for the company are $4.5 Billion versus high revenue estimates of $4.64 Billion. Adell Harriman & Carpenter Inc who had been investing in Halliburton for a number of months, seems to be less bullish one the $39.90B market cap company.

The stock decreased 1.48% or $0.24 during the last trading session, reaching $15.96. About 2.93 million shares traded. Immunomedics, Inc. (IMMU) has risen 76.26% since March 15, 2017 and is uptrending. It has outperformed by 2.33% the S&P500.

Investors sentiment increased to 1.33 in Q3 2017. Its down 0.09, from 0.94 in 2017Q2. 29 funds opened positions while 47 raised stakes. The institutional investor held 622,901 shares of the health care company at the end of 2017Q3, valued at $22.24 million, down from 828,316 at the end of the previous reported quarter. Prelude Capital Mngmt Ltd Limited Liability Company reported 14,310 shares. After $-0.19 actual earnings per share reported by Immunomedics, Inc. for the previous quarter, Wall Street now forecasts -31.58% EPS growth. Davis Selected Advisers, a Arizona-based fund reported 11.58 million shares. State Teachers Retirement Sys accumulated 165,544 shares. 13,986 shares were sold by Dolsten Mikael, worth $501,398 on Friday, March 2. Prudential invested in 54,235 shares or 0% of the stock. Private Wealth Prtnrs Ltd Llc reported 7,698 shares.

Tenet Healthcare Corporation, together with its subsidiaries, operates as a diversified healthcare services company. Excalibur Mngmt Corporation accumulated 5,175 shares. Nokota Mgmt Lp owns 196,000 shares or 0.08% of their USA portfolio. Oak Ridge Invs Ltd Liability Corporation has 0.46% invested in V.F. Corporation (NYSE:VFC) for 176,542 shares. Cwm Limited Company reported 150 shares or 0% of all its holdings. Northland Capital maintained 8×8, Inc. Finally, Morgan Stanley dropped their price objective on Tenet Healthcare from $15.00 to $14.00 and set an equal weight rating on the stock in a research note on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. Robert W. Baird has "Neutral" rating and $82.0 target. (NYSE:PFE) rating on Wednesday, January 31. Citigroup maintained Halliburton Company (NYSE:HAL) on Monday, April 25 with "Buy" rating. BMO Capital Markets maintained the shares of BIIB in report on Monday, March 5 with "Outperform" rating. The stock has "Underweight" rating by JP Morgan on Monday, March 5.

Since January 1, 0001, it had 0 buys, and 14 insider sales for $81.79 million activity. $112,337 worth of stock was sold by Carre Eric on Tuesday, January 2. 9,000 Tecnoglass Inc. (NASDAQ:TGLS) shares with value of $65,739 were sold by Byorum Martha L.

Analysts await Immunomedics, Inc. They expect $0.44 EPS, up 1,000.00% or $0.40 from last year's $0.04 per share. USB's profit will be $1.55B for 14.17 P/E if the $0.94 EPS becomes a reality. The institutional investor held 104,397 shares of the telecommunications equipment company at the end of 2017Q3, valued at $1.41M, down from 172,332 at the end of the previous reported quarter. Alliancebernstein LP owns 138,805 shares for 0% of their portfolio. It also increased its holding in Axogen Inc (NASDAQ:AXGN) by 128,488 shares in the quarter, for a total of 656,766 shares, and has risen its stake in Unitedhealth Group Inc. It also upped Tetra Tech Inc New (NASDAQ:TTEK) stake by 20,206 shares and now owns 44,010 shares. Out of 6 Wall Street analysts rating Capital One, 2 give it "Buy", 0 "Sell" rating, while 4 recommend "Hold". Therefore 45% are positive. Citigroup upgraded Tenet Healthcare from a neutral rating to a buy rating in a report on Tuesday, December 12th. The firm has "Overweight" rating given on Thursday, September 10 by Barclays Capital. The brokerage now has an underweight rating on the stock. SunTrust maintained the shares of THC in report on Friday, October 13 with "Hold" rating. The rating was maintained by RBC Capital Markets with "Hold" on Monday, August 21. The firm has "Buy" rating given on Tuesday, October 17 by Stifel Nicolaus.

Immunomedics, Inc., a clinical-stage biopharmaceutical company, focuses on the development of monoclonal antibody products for the targeted treatment of cancer, autoimmune disorders, and other diseases. Bluemountain Limited Liability Company holds 0.13% of its portfolio in Tenet Healthcare Corporation (NYSE:THC) for 398,498 shares. The rating was downgraded by Bank of America on Wednesday, November 9 to "Neutral". The stock has "Neutral" rating by Buckingham Research on Monday, July 17.

Analysts await V.F. Corporation (NYSE:VFC) to report earnings on April, 27. The company provided earnings per share (EPS) guidance of $0.73-$1.07 for the period, compared to the Thomson Reuters consensus estimate of $0.78. The company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.15.

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