Tenet Healthcare Corp (THC) Director Sells $50,050.00 in Stock

Tenet Healthcare Corp (NYSE:THC) Director George Fredrick Smitherman sold 1,300 shares of the firm’s stock in a transaction dated Monday, January 15th. The stock was sold at an average price of $38.50, for a total transaction of $50,050.00.

Shares of Tenet Healthcare Corp (NYSE THC) traded down $0.10 during trading hours on Friday, hitting $16.28. 1,738,500 shares of the stock traded hands, compared to its average volume of 2,239,633. The firm has a market cap of $1,730.00, a PE ratio of -2.96, a PEG ratio of 3.22 and a beta of 1.17. The company has a quick ratio of 1.21, a current ratio of 1.28 and a debt-to-equity ratio of 21.21. Tenet Healthcare Corp has a one year low of $12.25 and a one year high of $22.72.

Tenet Healthcare (NYSE:THC) last issued its earnings results on Friday, October 27th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.21. Tenet Healthcare had a negative net margin of 2.85% and a negative return on equity of 5.61%. sell-side analysts forecast that Tenet Healthcare Corp will post 0.69 EPS for the current fiscal year.

THC has been the subject of several analyst reports. ValuEngine cut shares of Tenet Healthcare from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Citigroup upgraded shares of Tenet Healthcare from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 12th. Royal Bank of Canada reiterated a “hold” rating and issued a $19.00 price objective on shares of Tenet Healthcare in a research note on Monday, September 25th. Credit Suisse Group initiated coverage on shares of Tenet Healthcare in a research note on Thursday, November 2nd. They issued a “neutral” rating and a $15.00 price objective for the company. Finally, William Blair reiterated a “market perform” rating on shares of Tenet Healthcare in a research note on Tuesday, November 21st. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $18.50.

Several large investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Tenet Healthcare by 0.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,737 shares of the company’s stock valued at $227,000 after buying an additional 73 shares in the last quarter. Mutual of America Capital Management LLC raised its position in shares of Tenet Healthcare by 1.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 67,502 shares of the company’s stock valued at $1,305,000 after buying an additional 779 shares in the last quarter. Flinton Capital Management LLC raised its position in shares of Tenet Healthcare by 65.7% in the 2nd quarter. Flinton Capital Management LLC now owns 7,888 shares of the company’s stock valued at $153,000 after buying an additional 3,128 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of Tenet Healthcare by 67.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,861 shares of the company’s stock valued at $152,000 after buying an additional 3,161 shares in the last quarter. Finally, BerganKDV Wealth Management LLC raised its position in shares of Tenet Healthcare by 7.9% in the 4th quarter. BerganKDV Wealth Management LLC now owns 47,968 shares of the company’s stock valued at $727,000 after buying an additional 3,523 shares in the last quarter.

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Tenet Healthcare Company Profile

Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company’s segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children’s hospitals, two specialty hospitals and one critical access hospital.

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