Tenet Healthcare Corp (NYSE:THC) was the target of some unusual options trading activity on Friday. Stock investors acquired 34,969 call options on the company. This represents an increase of 2,004% compared to the average volume of 1,662 call options.

Shares of Tenet Healthcare (NYSE:THC) opened at $16.25 on Monday. The company has a debt-to-equity ratio of 21.21, a current ratio of 1.28 and a quick ratio of 1.21. Tenet Healthcare has a 1 year low of $12.25 and a 1 year high of $22.72. The company has a market cap of $1,640.23, a PE ratio of -2.95, a price-to-earnings-growth ratio of 3.47 and a beta of 1.18.

Tenet Healthcare (NYSE:THC) last issued its quarterly earnings results on Friday, October 27th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.21. Tenet Healthcare had a negative net margin of 2.85% and a negative return on equity of 5.61%. equities analysts anticipate that Tenet Healthcare will post 0.69 EPS for the current year.

A number of equities research analysts recently weighed in on THC shares. JPMorgan Chase & Co. cut shares of Tenet Healthcare from a “neutral” rating to an “underweight” rating and set a $15.00 price objective on the stock. in a research note on Thursday, December 14th. Jefferies Group restated a “buy” rating and set a $24.00 price objective on shares of Tenet Healthcare in a research note on Thursday, September 21st. Royal Bank of Canada cut their price objective on shares of Tenet Healthcare from $19.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Monday, November 13th. SunTrust Banks set a $15.00 price objective on shares of Tenet Healthcare and gave the company a “hold” rating in a research note on Sunday, October 15th. Finally, Leerink Swann restated a “buy” rating and set a $27.00 price objective on shares of Tenet Healthcare in a research note on Wednesday, December 20th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.50.

A number of institutional investors have recently modified their holdings of THC. King Street Capital Management L.P. bought a new stake in Tenet Healthcare in the third quarter worth about $31,217,000. Davidson Kempner Capital Management LP bought a new stake in Tenet Healthcare in the second quarter worth about $20,133,000. FMR LLC raised its position in Tenet Healthcare by 36.9% in the second quarter. FMR LLC now owns 3,724,713 shares of the company’s stock worth $72,036,000 after acquiring an additional 1,004,700 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Tenet Healthcare by 38.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,141,658 shares of the company’s stock worth $41,420,000 after acquiring an additional 596,526 shares in the last quarter. Finally, State Street Corp raised its position in Tenet Healthcare by 25.4% in the second quarter. State Street Corp now owns 2,926,533 shares of the company’s stock worth $56,603,000 after acquiring an additional 593,520 shares in the last quarter.

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Tenet Healthcare 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’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.

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