Tenet Healthcare Corp Insider Sells $1,743,700 in Stock (THC)
Tenet Healthcare Corp (NYSE:THC) Insider Britt T. Reynolds sold 35,000 shares of the stock on the open market in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $49.82, for a total value of $1,743,700.00. Following the sale, the insider now directly owns 25,225 shares of the company’s stock, valued at approximately $1,256,710. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
THC has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Tenet Healthcare Corp in a research note on Tuesday, June 3rd. They now have a $57.00 price target on the stock, up previously from $52.00. Separately, analysts at Zacks upgraded shares of Tenet Healthcare Corp from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 22nd. They now have a $49.00 price target on the stock. Finally, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Tenet Healthcare Corp in a research note on Monday, May 12th. They now have a $47.00 price target on the stock, up previously from $45.00. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $57.21.
Shares of Tenet Healthcare Corp (NYSE:THC) traded down 0.75% during mid-day trading on Tuesday, hitting $48.78. The stock had a trading volume of 629,564 shares. Tenet Healthcare Corp has a 52 week low of $36.87 and a 52 week high of $50.25. The stock’s 50-day moving average is $46.00 and its 200-day moving average is $43.76. The company’s market cap is $4.764 billion.
Tenet Healthcare Corp (NYSE:THC) last released its earnings data on Monday, May 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.02. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 66.0% on a year-over-year basis. On average, analysts predict that Tenet Healthcare Corp will post $1.20 earnings per share for the current fiscal year.
Tenet Healthcare Corporation (NYSE:THC), along with its subsidiaries, is an investor-owned health care services company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.