Wakefield Asset Management LLLP acquired a new position in shares of Tenet Healthcare Corp (NYSE:THC) in the first quarter, HoldingsChannel.com reports. The fund acquired 19,015 shares of the company’s stock, valued at approximately $548,000.

Other institutional investors also recently bought and sold shares of the company. Flinton Capital Management LLC lifted its holdings in shares of Tenet Healthcare by 3.6% in the 4th quarter. Flinton Capital Management LLC now owns 14,484 shares of the company’s stock valued at $248,000 after buying an additional 510 shares during the period. Retirement Systems of Alabama lifted its holdings in shares of Tenet Healthcare by 0.6% in the 1st quarter. Retirement Systems of Alabama now owns 108,254 shares of the company’s stock valued at $3,122,000 after buying an additional 611 shares during the period. Arizona State Retirement System lifted its holdings in shares of Tenet Healthcare by 1.2% in the 4th quarter. Arizona State Retirement System now owns 59,589 shares of the company’s stock valued at $1,021,000 after buying an additional 696 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Tenet Healthcare by 2.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,997 shares of the company’s stock valued at $566,000 after buying an additional 741 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Tenet Healthcare by 8.0% in the 4th quarter. Bank of Montreal Can now owns 11,719 shares of the company’s stock valued at $200,000 after buying an additional 870 shares during the period.

THC has been the subject of several recent analyst reports. Raymond James raised their price target on Tenet Healthcare from $37.00 to $47.00 in a report on Wednesday, February 27th. Mizuho reissued a “buy” rating and issued a $28.00 price target on shares of Tenet Healthcare in a report on Monday, January 28th. Citigroup raised their price target on Tenet Healthcare from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, February 27th. Zacks Investment Research raised Tenet Healthcare from a “sell” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, January 15th. Finally, TheStreet cut Tenet Healthcare from a “c” rating to a “d+” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. Tenet Healthcare has a consensus rating of “Hold” and a consensus target price of $30.07.

Shares of THC stock opened at $20.46 on Wednesday. The firm has a market cap of $2.11 billion, a P/E ratio of 11.00, a PEG ratio of 0.38 and a beta of 1.68. Tenet Healthcare Corp has a 1 year low of $16.60 and a 1 year high of $39.74. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 21.98.

Tenet Healthcare (NYSE:THC) last issued its quarterly earnings data on Monday, April 29th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.25. The firm had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.51 billion. Tenet Healthcare had a positive return on equity of 29.29% and a negative net margin of 0.04%. Tenet Healthcare’s revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. As a group, research analysts predict that Tenet Healthcare Corp will post 2.32 earnings per share for the current year.

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Tenet Healthcare Profile

Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates in three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.

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

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