Tenet Healthcare Corp. (NYSE:THC) Director Peter M. Wilver bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The stock was purchased at an average cost of $15.19 per share, with a total value of $75,950.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $75,950. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Tenet Healthcare Corp. (NYSE:THC) opened at 14.55 on Monday. The company’s market capitalization is $1.43 billion. Tenet Healthcare Corp. has a 52 week low of $14.06 and a 52 week high of $35.35. The firm has a 50-day moving average of $20.90 and a 200-day moving average of $25.96.

Tenet Healthcare Corp. (NYSE:THC) last announced its earnings results on Monday, October 31st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Tenet Healthcare Corp. had a negative net margin of 1.04% and a positive return on equity of 12.75%. The company earned $4.85 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the business earned $0.29 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts anticipate that Tenet Healthcare Corp. will post $1.19 EPS for the current fiscal year.

THC has been the subject of several recent analyst reports. Barclays PLC reaffirmed a “buy” rating and issued a $39.00 target price on shares of Tenet Healthcare Corp. in a report on Friday, August 19th. Zacks Investment Research raised shares of Tenet Healthcare Corp. from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, October 4th. TheStreet downgraded shares of Tenet Healthcare Corp. from a “hold” rating to a “sell” rating in a report on Friday, October 7th. Wolfe Research initiated coverage on shares of Tenet Healthcare Corp. in a report on Tuesday, October 25th. They issued a “market perform” rating for the company. Finally, Mizuho dropped their target price on shares of Tenet Healthcare Corp. from $28.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, October 5th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. Tenet Healthcare Corp. currently has an average rating of “Hold” and a consensus price target of $31.57.

Several hedge funds have recently made changes to their positions in THC. Tower Research Capital LLC TRC raised its stake in shares of Tenet Healthcare Corp. by 222.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,647 shares of the company’s stock valued at $101,000 after buying an additional 2,515 shares during the period. US Bancorp DE raised its position in Tenet Healthcare Corp. by 0.9% in the second quarter. US Bancorp DE now owns 3,879 shares of the company’s stock worth $107,000 after buying an additional 33 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in Tenet Healthcare Corp. during the second quarter worth $142,000. Creative Planning raised its position in Tenet Healthcare Corp. by 618.0% in the third quarter. Creative Planning now owns 6,354 shares of the company’s stock worth $144,000 after buying an additional 5,469 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in Tenet Healthcare Corp. by 1,534.5% in the second quarter. Acadian Asset Management LLC now owns 6,211 shares of the company’s stock worth $171,000 after buying an additional 5,831 shares during the last quarter.

Tenet Healthcare Corp. Company 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 operates through three segments: Hospital Operations and other, Ambulatory Care and Conifer.

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