Marshall Wace North America L.P. lifted its place in shares of Tenet Healthcare Corp (NYSE:THC) by 145.0% throughout the 1st quarter, in line with its most up-to-date submitting with the Securities and Change Fee (SEC). The fund owned 119,786 shares of the corporate’s inventory after buying a further 70,899 shares throughout the interval. Marshall Wace North America L.P. owned 0.12% of Tenet Healthcare value $3,454,000 on the finish of the newest quarter.
A number of different institutional buyers have additionally just lately added to or diminished their stakes within the firm. Retirement Methods of Alabama grew its stake in Tenet Healthcare by 0.6% within the 1st quarter. Retirement Methods of Alabama now owns 108,254 shares of the corporate’s inventory valued at $3,122,000 after shopping for a further 611 shares over the last quarter. GSA Capital Companions LLP grew its place in shares of Tenet Healthcare by 925.8% throughout the 4th quarter. GSA Capital Companions LLP now owns 85,951 shares of the corporate’s inventory value $1,473,000 after buying a further 77,572 shares within the final quarter. Flinton Capital Administration LLC grew its place in shares of Tenet Healthcare by 3.6% throughout the 4th quarter. Flinton Capital Administration LLC now owns 14,484 shares of the corporate’s inventory value $248,000 after buying a further 510 shares within the final quarter. Arizona State Retirement System lifted its holdings in shares of Tenet Healthcare by 1.2% throughout the 4th quarter. Arizona State Retirement System now owns 59,589 shares of the corporate’s inventory value $1,021,000 after buying a further 696 shares throughout the interval. Lastly, GWM Advisors LLC lifted its holdings in shares of Tenet Healthcare by 170.4% throughout the 1st quarter. GWM Advisors LLC now owns 31,789 shares of the corporate’s inventory value $51,000 after buying a further 20,034 shares throughout the interval. Institutional buyers personal 99.16% of the corporate’s inventory.
A lot of analysts have just lately weighed in on THC shares. ValuEngine downgraded shares of Zosano Pharma from a “purchase” ranking to a “maintain” ranking in a report on Wednesday, Could 1st. Barclays set a $24.00 value goal on shares of Tenet Healthcare and gave the corporate a “maintain” ranking in a analysis be aware on Wednesday, April 17th. TheStreet upgraded shares of White Mountains Insurance coverage Group from a “c” ranking to a “b” ranking in a analysis report on Monday, Could 13th. Lastly, SunTrust Banks elevated their value goal on shares of Mcdonald’s to $230.00 and gave the inventory a “purchase” ranking in a analysis report on Wednesday, Could 1st. Two analysis analysts have rated the inventory with a promote ranking, 9 have given a maintain ranking and three have assigned a purchase ranking to the inventory. Tenet Healthcare has a consensus ranking of “Maintain” and a median value goal of $29.46.
Shares of Tenet Healthcare inventory traded up $0.35 throughout buying and selling hours on Friday, reaching $19.48. The corporate’s inventory had a buying and selling quantity of 1,171,385 shares, in comparison with its common quantity of 1,488,951. Tenet Healthcare Corp has a one yr low of $16.60 and a one yr excessive of $39.74. The inventory has a market cap of $1.97 billion, a P/E ratio of 10.47, a P/E/G ratio of 0.35 and a beta of 1.59. The enterprise has a fifty day easy shifting common of $20.52. The corporate has a fast ratio of 1.15, a present ratio of 1.23 and a debt-to-equity ratio of 21.98.
Tenet Healthcare (NYSE:THC) final introduced its quarterly earnings information on Monday, April 29th. The corporate reported $0.54 EPS for the quarter, topping the consensus estimate of $0.29 by $0.25. The enterprise had income of $4.55 billion for the quarter, in comparison with analyst estimates of $4.51 billion. Tenet Healthcare had a unfavorable internet margin of 0.04% and a optimistic return on fairness of 29.29%. The corporate’s income for the quarter was down 3.3% on a year-over-year foundation. Throughout the identical quarter within the earlier yr, the agency posted $0.57 earnings per share. As a gaggle, equities analysts forecast that Tenet Healthcare Corp will put up 2.33 earnings per share for the present yr.
Tenet Healthcare Firm Profile
Tenet Healthcare Company operates as a diversified healthcare companies firm. The corporate operates in three segments: Hospital Operations and Different, Ambulatory Care, and Conifer. Its common hospitals supply acute care companies, working and restoration rooms, radiology and respiratory remedy companies, scientific laboratories, and pharmacies.
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