Tenet Healthcare Corp CEO Trevor Fetter Sells 33,642 Shares (THC)
Tenet Healthcare Corp (NYSE:THC) CEO Trevor Fetter sold 33,642 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $60.01, for a total value of $2,018,856.42. Following the transaction, the chief executive officer now directly owns 818,432 shares of the company’s stock, valued at approximately $49,114,104. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on THC. 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, August 14th. 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $63.46.
Shares of Tenet Healthcare Corp (NYSE:THC) traded up 0.57% during mid-day trading on Wednesday, hitting $60.15. The stock had a trading volume of 1,307,299 shares. Tenet Healthcare Corp has a 1-year low of $36.87 and a 1-year high of $60.62. The stock’s 50-day moving average is $52.00 and its 200-day moving average is $46.37. The company’s market cap is $5.890 billion.
Tenet Healthcare Corp (NYSE:THC) last issued its quarterly earnings data 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. Analysts expect that Tenet Healthcare Corp will post $1.39 EPS 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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