Healthcare of Ontario Pension Plan Trust Fund Has $24.09 Million Stock Holdings in Tenet Healthcare Corporation $THC

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Tenet Healthcare Corporation (NYSE:THC) by 535.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 127,677 shares of the company’s stock after buying an additional 107,600 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Tenet Healthcare were worth $24,094,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Triumph Capital Management acquired a new position in shares of Tenet Healthcare in the third quarter valued at approximately $25,000. Activest Wealth Management acquired a new stake in Tenet Healthcare during the 4th quarter worth approximately $26,000. Elyxium Wealth LLC bought a new stake in Tenet Healthcare in the 4th quarter valued at $29,000. Canada Pension Plan Investment Board bought a new position in Tenet Healthcare during the 2nd quarter worth $35,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Tenet Healthcare by 146.2% during the fourth quarter. Meeder Asset Management Inc. now owns 192 shares of the company’s stock worth $38,000 after buying an additional 114 shares in the last quarter. 95.44% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Tenet Healthcare

Here are the key news stories impacting Tenet Healthcare this week:

• Positive Sentiment: Tenet beat Q2 expectations by a wide margin, reporting $6.12 EPS versus estimates around $4.26, while revenue of $6.04 billion also came in above forecasts. The company cited strong same-store revenue growth and effective expense management. Tenet Reports Strong Second Quarter 2026 Results; Raises 2026 Financial Outlook
• Positive Sentiment: Management raised FY 2026 EPS guidance to $20.30-$21.69, well above prior Street expectations, signaling that the earnings beat may not be a one-quarter event. Tenet Reports Strong Second Quarter 2026 Results; Raises 2026 Financial Outlook
• Positive Sentiment: Investor enthusiasm was further supported by commentary highlighting hospital growth, expense control, and M&A momentum, with multiple reports describing the quarter as a “blockbuster” and noting the stock’s strong response. Tenet’s Blockbuster Quarter Sends Stock Flying, 2026 Outlook Gets Major Upgrade
• Neutral Sentiment: Tenet’s earnings call transcript and presentation may provide more detail on the quarter and outlook, but the main stock driver today appears to be the earnings beat and guidance increase rather than any new strategic surprise. Tenet Healthcare Corporation (THC) Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Media coverage also noted broader strength in hospital stocks, which may be adding to the move in Tenet Healthcare (THC). Why Tenet Healthcare Stock Is Soaring Today

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays upped their price target on shares of Tenet Healthcare from $240.00 to $271.00 and gave the company an “overweight” rating in a research note on Friday. Robert W. Baird decreased their target price on shares of Tenet Healthcare from $245.00 to $210.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Royal Bank Of Canada lowered their target price on shares of Tenet Healthcare from $277.00 to $236.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. UBS Group reiterated a “buy” rating on shares of Tenet Healthcare in a research note on Friday. Finally, Morgan Stanley set a $254.00 price objective on Tenet Healthcare in a research note on Friday, May 1st. Seventeen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Tenet Healthcare presently has an average rating of “Moderate Buy” and a consensus price target of $246.47.

Insider Buying and Selling at Tenet Healthcare

In other Tenet Healthcare news, Director Nadja West sold 3,000 shares of Tenet Healthcare stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $177.35, for a total value of $532,050.00. Following the transaction, the director owned 24,805 shares in the company, valued at $4,399,166.75. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director J Robert Kerrey sold 5,638 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $174.52, for a total transaction of $983,943.76. Following the completion of the transaction, the director directly owned 16,804 shares of the company’s stock, valued at $2,932,634.08. This trade represents a 25.12% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.97% of the company’s stock.

Tenet Healthcare Price Performance

Shares of NYSE:THC opened at $233.10 on Monday. The firm has a 50 day moving average of $185.16 and a 200-day moving average of $197.55. Tenet Healthcare Corporation has a 12 month low of $146.60 and a 12 month high of $247.21. The company has a current ratio of 1.41, a quick ratio of 1.35 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $20.08 billion, a PE ratio of 8.99, a PEG ratio of 1.61 and a beta of 1.27.

Tenet Healthcare (NYSE:THC) last posted its quarterly earnings results on Friday, July 24th. The company reported $6.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.26 by $1.86. Tenet Healthcare had a net margin of 10.27% and a return on equity of 26.76%. The business had revenue of $6.04 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same quarter last year, the business posted $4.02 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities research analysts predict that Tenet Healthcare Corporation will post 21 EPS for the current fiscal year.

About Tenet Healthcare

Tenet Healthcare Corporation (NYSE: THC) is a diversified American healthcare services company that owns and operates acute care hospitals and a broad range of outpatient facilities. Its portfolio includes general acute-care hospitals, specialty hospitals, ambulatory surgery centers, urgent care and diagnostic imaging centers, and other ancillary service locations. Tenet’s operations are oriented around delivering inpatient and outpatient clinical care across multiple medical specialties, with an emphasis on surgical services, emergency care, and advanced diagnostics.

In addition to facility-based care, Tenet provides integrated services designed to support clinical operations and improve patient access and care coordination.