Insider Selling: Tenet Healthcare Corp Insider Sells 8,028 Shares of Stock (THC)
Tenet Healthcare Corp (NYSE:THC) Insider Britt T. Reynolds sold 8,028 shares of Tenet Healthcare Corp stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $58.49, for a total transaction of $469,557.72. Following the completion of the sale, the insider now directly owns 17,197 shares in the company, valued at approximately $1,005,853. The transaction was disclosed in a 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 RBC Capital raised their price target on shares of Tenet Healthcare Corp from $43.00 to $62.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Tenet Healthcare Corp in a research note on Wednesday, August 6th. They now have a $66.00 price target on the stock, up previously from $52.00. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Tenet Healthcare Corp in a research note on Wednesday, August 6th. They now have a $63.00 price target on the stock, up previously from $51.00. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $63.46.
Tenet Healthcare Corp (NYSE:THC) traded down 0.07% during mid-day trading on Friday, hitting $58.60. The stock had a trading volume of 1,041,313 shares. Tenet Healthcare Corp has a 1-year low of $36.87 and a 1-year high of $58.84. The stock’s 50-day moving average is $50.52 and its 200-day moving average is $45.96. The company’s market cap is $5.738 billion.
Tenet Healthcare Corp (NYSE:THC) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 66.9% on a year-over-year basis. On average, analysts predict that Tenet Healthcare Corp will post $1.39 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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