Scoggin Management LP bought a new stake in Tenet Healthcare Corp (NYSE:THC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 40,000 shares of the company’s stock, valued at approximately $657,000.

Other large investors have also recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its stake in Tenet Healthcare by 34.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 66,690 shares of the company’s stock valued at $1,290,000 after purchasing an additional 17,151 shares during the last quarter. Private Management Group Inc. lifted its stake in Tenet Healthcare by 1.2% in the 2nd quarter. Private Management Group Inc. now owns 813,918 shares of the company’s stock valued at $15,741,000 after purchasing an additional 9,386 shares during the last quarter. Franklin Resources Inc. lifted its stake in Tenet Healthcare by 25.0% in the 2nd quarter. Franklin Resources Inc. now owns 5,000,000 shares of the company’s stock valued at $96,700,000 after purchasing an additional 1,000,000 shares during the last quarter. Proxima Capital Management LLC lifted its stake in Tenet Healthcare by 8.3% in the 2nd quarter. Proxima Capital Management LLC now owns 103,939 shares of the company’s stock valued at $2,010,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Tenet Healthcare by 5.6% in the 2nd quarter. Legal & General Group Plc now owns 290,027 shares of the company’s stock valued at $5,610,000 after purchasing an additional 15,389 shares during the last quarter.

THC has been the subject of several research reports. Leerink Swann restated an “outperform” rating and set a $30.00 price objective (up from $23.00) on shares of Tenet Healthcare in a research report on Sunday, August 20th. Mizuho restated a “neutral” rating and set a $14.00 price objective on shares of Tenet Healthcare in a research report on Sunday, August 20th. Royal Bank of Canada restated a “hold” rating and set a $25.00 price objective on shares of Tenet Healthcare in a research report on Thursday, August 24th. Robert W. Baird restated a “buy” rating and set a $23.00 price objective on shares of Tenet Healthcare in a research report on Thursday, August 24th. Finally, Deutsche Bank restated a “buy” rating and set a $24.00 price objective on shares of Tenet Healthcare in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $19.00.

Shares of Tenet Healthcare Corp (THC) traded up $0.41 on Tuesday, hitting $13.74. 3,618,300 shares of the stock traded hands, compared to its average volume of 3,632,092. Tenet Healthcare Corp has a 12 month low of $12.25 and a 12 month high of $22.72. The company has a current ratio of 1.28, a quick ratio of 1.21 and a debt-to-equity ratio of 21.21.

Tenet Healthcare (NYSE:THC) last announced its quarterly earnings data on Monday, November 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.23. The business had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Tenet Healthcare had a negative net margin of 2.85% and a negative return on equity of 5.61%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. equities analysts predict that Tenet Healthcare Corp will post 0.69 EPS for the current year.

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Tenet Healthcare 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’s segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children’s hospitals, two specialty hospitals and one critical access hospital.

Institutional Ownership by Quarter for Tenet Healthcare (NYSE:THC)

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