Tenet Healthcare Corp. (NYSE:THC) has earned an average recommendation of “Hold” from the twenty-two ratings firms that are currently covering the company. Three analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $30.92.

A number of analysts have recently issued reports on THC shares. Zacks Investment Research raised shares of Tenet Healthcare Corp. from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, October 4th. Barclays PLC reaffirmed a “buy” rating and set a $39.00 price objective on shares of Tenet Healthcare Corp. in a report on Friday, August 19th. Morgan Stanley reaffirmed a “hold” rating and set a $38.00 price objective on shares of Tenet Healthcare Corp. in a report on Tuesday, August 2nd. Wolfe Research started coverage on shares of Tenet Healthcare Corp. in a report on Tuesday, October 25th. They set a “market perform” rating for the company. Finally, Raymond James Financial Inc. downgraded shares of Tenet Healthcare Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, November 10th.

Shares of Tenet Healthcare Corp. (NYSE:THC) opened at 16.14 on Friday. The firm’s 50-day moving average price is $19.87 and its 200-day moving average price is $25.11. The firm’s market capitalization is $1.61 billion. Tenet Healthcare Corp. has a one year low of $14.06 and a one year high of $35.35.

Tenet Healthcare Corp. (NYSE:THC) last released its quarterly earnings results on Monday, October 31st. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Tenet Healthcare Corp. had a negative net margin of 1.04% and a positive return on equity of 12.75%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share. On average, equities analysts forecast that Tenet Healthcare Corp. will post $1.19 earnings per share for the current year.

In other Tenet Healthcare Corp. news, Director Ronald A. Rittenmeyer acquired 15,000 shares of the business’s stock in a transaction on Friday, November 11th. The shares were 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 legal filing with the SEC, which is available through the SEC website. Also, Director Peter M. Wilver acquired 5,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was acquired at an average price of $15.19 per share, for a total transaction of $75,950.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $75,950. The disclosure for this purchase can be found here. 2.90% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. LMR Partners LLP acquired a new stake in shares of Tenet Healthcare Corp. during the second quarter worth $575,000. Essex Investment Management Co. LLC acquired a new stake in shares of Tenet Healthcare Corp. during the second quarter worth $291,000. Retirement Systems of Alabama boosted its stake in shares of Tenet Healthcare Corp. by 157.0% in the second quarter. Retirement Systems of Alabama now owns 128,098 shares of the company’s stock worth $3,541,000 after buying an additional 78,248 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Tenet Healthcare Corp. during the second quarter worth $730,000. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in shares of Tenet Healthcare Corp. by 164.2% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 824,233 shares of the company’s stock worth $22,781,000 after buying an additional 512,212 shares during the period.

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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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