Thrivent Financial for Lutherans grew its holdings in Tenet Healthcare Corp (NYSE:THC) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,073 shares of the company’s stock after purchasing an additional 1,387 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Tenet Healthcare were worth $361,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in THC. Enlightenment Research LLC purchased a new position in Tenet Healthcare during the fourth quarter worth approximately $36,000. Pearl River Capital LLC acquired a new stake in shares of Tenet Healthcare in the fourth quarter worth $41,000. Bessemer Group Inc. increased its position in shares of Tenet Healthcare by 346.3% in the fourth quarter. Bessemer Group Inc. now owns 3,325 shares of the company’s stock worth $57,000 after acquiring an additional 2,580 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Tenet Healthcare in the third quarter worth $110,000. Finally, Quantamental Technologies LLC acquired a new stake in shares of Tenet Healthcare in the fourth quarter worth $67,000.
THC has been the subject of several recent research reports. Barclays reissued a “hold” rating and issued a $20.00 price objective on shares of Tenet Healthcare in a research report on Sunday, January 6th. Stephens initiated coverage on shares of Tenet Healthcare in a research report on Monday, January 14th. They issued an “equal weight” rating and a $23.00 price objective for the company. Mizuho reissued a “buy” rating and issued a $28.00 price objective on shares of Tenet Healthcare in a research report on Monday, January 28th. Deutsche Bank initiated coverage on shares of Tenet Healthcare in a research report on Thursday, January 3rd. They issued a “hold” rating and a $20.00 price objective for the company. Finally, Raymond James increased their price objective on shares of Tenet Healthcare from $37.00 to $47.00 in a research report on Wednesday, February 27th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Tenet Healthcare has a consensus rating of “Hold” and a consensus target price of $30.71.
THC opened at $25.59 on Wednesday. The firm has a market cap of $2.63 billion, a P/E ratio of 13.76, a PEG ratio of 0.55 and a beta of 1.83. Tenet Healthcare Corp has a twelve month low of $16.60 and a twelve month high of $39.74. The company has a quick ratio of 1.12, a current ratio of 1.20 and a debt-to-equity ratio of 21.32.
Tenet Healthcare (NYSE:THC) last released its quarterly earnings results on Monday, February 25th. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.27. The business had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.50 billion. Tenet Healthcare had a net margin of 0.61% and a return on equity of 30.43%. The business’s revenue was down 7.2% on a year-over-year basis. During the same period last year, the business earned $1.40 EPS. Equities analysts forecast that Tenet Healthcare Corp will post 2.24 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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