Tenet Healthcare Corp. (NYSE:THC) Director Ronald A. Rittenmeyer bought 15,000 shares of Tenet Healthcare Corp. stock in a transaction dated Friday, November 11th. The stock was acquired at an average price of $14.35 per share, for a total transaction of $215,250.00. Following the completion of the acquisition, the director now owns 23,783 shares in the company, valued at $341,286.05. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Tenet Healthcare Corp. (NYSE:THC) opened at 16.50 on Wednesday. The company’s market cap is $1.64 billion. The company’s 50 day moving average is $20.90 and its 200 day moving average is $25.96. Tenet Healthcare Corp. has a 1-year low of $14.06 and a 1-year high of $35.35.

Tenet Healthcare Corp. (NYSE:THC) last announced its quarterly earnings results on Monday, October 31st. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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 had revenue of $4.85 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the business earned $0.29 earnings per share. Tenet Healthcare Corp.’s revenue was up 3.3% on a year-over-year basis. Equities research analysts forecast that Tenet Healthcare Corp. will post $1.19 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. Quotient Investors LLC boosted its stake in shares of Tenet Healthcare Corp. by 54.3% in the second quarter. Quotient Investors LLC now owns 161,767 shares of the company’s stock worth $4,471,000 after buying an additional 56,930 shares in the last quarter. NEXT Financial Group Inc boosted its stake in shares of Tenet Healthcare Corp. by 14.7% in the second quarter. NEXT Financial Group Inc now owns 7,425 shares of the company’s stock worth $205,000 after buying an additional 950 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Tenet Healthcare Corp. by 60.7% in the second quarter. BNP Paribas Arbitrage SA now owns 112,767 shares of the company’s stock worth $3,117,000 after buying an additional 42,603 shares in the last quarter. Iguana Healthcare Management LLC boosted its stake in shares of Tenet Healthcare Corp. by 126.1% in the first quarter. Iguana Healthcare Management LLC now owns 169,550 shares of the company’s stock worth $4,905,000 after buying an additional 94,550 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of Tenet Healthcare Corp. by 376.9% in the first quarter. Squarepoint Ops LLC now owns 34,876 shares of the company’s stock worth $1,009,000 after buying an additional 27,563 shares in the last quarter.

THC has been the subject of a number of recent analyst reports. Raymond James Financial Inc. cut shares of Tenet Healthcare Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 10th. Bank of America Corp. cut shares of Tenet Healthcare Corp. from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $32.00 to $25.00 in a research note on Wednesday, November 9th. Wolfe Research initiated coverage on shares of Tenet Healthcare Corp. in a research note on Tuesday, October 25th. They set a “market perform” rating for the company. TheStreet cut shares of Tenet Healthcare Corp. from a “hold” rating to a “sell” rating in a research note on Friday, October 7th. Finally, Mizuho dropped their price target on shares of Tenet Healthcare Corp. from $28.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, October 5th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.57.

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.

5 Day Chart for NYSE:THC

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