Tenet Healthcare Corp CEO Unloads $7,781,880 in Stock (THC)
Tenet Healthcare Corp (NYSE:THC) CEO Trevor Fetter sold 138,665 shares of the stock on the open market in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $56.12, for a total value of $7,781,879.80. Following the completion of the sale, the chief executive officer now directly owns 852,074 shares in the company, valued at approximately $47,818,393. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on THC shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Tenet Healthcare Corp in a research note on Wednesday. They now have a $66.00 price target on the stock, up previously from $52.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Tenet Healthcare Corp in a research note on Wednesday. They now have a $63.00 price target on the stock, up previously from $51.00. Finally, analysts at Barclays raised their price target on shares of Tenet Healthcare Corp from $52.00 to $66.00 in a research note on Wednesday. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $62.11.
Shares of Tenet Healthcare Corp (NYSE:THC) traded down 0.25% on Friday, hitting $56.83. 1,700,108 shares of the company’s stock traded hands. Tenet Healthcare Corp has a 52 week low of $36.87 and a 52 week high of $58.03. The stock has a 50-day moving average of $49.45 and a 200-day moving average of $45.62. The company’s market cap is $5.565 billion.
Tenet Healthcare Corp (NYSE:THC) last released its earnings data on Monday, August 4th. The company reported ($0.27) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.01 by $0.28. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 66.9% on a year-over-year basis. On average, analysts predict that Tenet Healthcare Corp will post $1.34 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.
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