Could Tenet Healthcare Corp (THC) Gain Strenght? The Stock Reaches Yearly Low

14 October, 2017, 02:43 | Author: Sherman Richardson

Average estimation for the current quarter has been provided by 13 analysts. About 3.41M shares traded. The stock of Tenet Healthcare Corp (NYSE:THC) has "Neutral" rating given on Thursday, October 22 by Mizuho. It has underperformed by 53.51% the S&P500.

National Health Investors, Inc.is a self-managed real estate investment trust specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. This company shares are 40.4% off its target price of $19.46 and the current market capitalization stands at $1.4B. It has a 22.15 P/E ratio. Citigroup Inc. reissued a "neutral" rating and issued a $16.00 target price (down from $20.00) on shares of Tenet Healthcare Corporation in a report on Thursday, August 10th. Tenet Healthcare Corporation had 54 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Outperform" rating by Wells Fargo given on Tuesday, June 6. The firm has "Buy" rating given on Tuesday, August 8 by Jefferies. The third largest holder is Harris Associates L P, which now holds $112.14 million worth of this stock and that ownership represents almost 8.01% of its market capitalization. Finally, BidaskClub cut Tenet Healthcare Corporation from a "hold" rating to a "sell" rating in a research report on Saturday, August 5th. Bank of America downgraded the stock to "Neutral" rating in Wednesday, November 9 report. The consensus rating is 2.5, suggesting the market has given up on the stock. As per Wednesday, June 7, the company rating was upgraded by Leerink Swann. The stock of National Health Investors Inc (NYSE:NHI) has "Neutral" rating given on Friday, March 11 by Bank of America.

Investors sentiment increased to 1.25 in Q2 2017. Its down 0.15, from 1.01 in 2017Q1.

Analysts are also projecting an Average Revenue Estimate for Tenet Healthcare Corp.as $4.71 Million in the Current Quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in THC. 123.06 million shares or 1.09% more from 121.72 million shares in 2017Q1 were reported. Natl Bank Of America De invested in 0% or 361,932 shares. TIAA CREF Investment Management LLC owned 0.36% of Tenet Healthcare Corporation worth $7,052,000 at the end of the most recent reporting period. Meeder Asset Mgmt accumulated 51,741 shares or 0.1% of the stock. The 20-day Stochastic %k measure, which sits at 1.87%, tells a different story, and suggests that THC now trades in oversold territory. 38 are owned by Td Cap Llc. Envestnet Asset Management invested 0% of its portfolio in Tenet Healthcare Corp (NYSE:THC). The Illinois-based North Star Management Corporation has invested 0% in Tenet Healthcare Corp (NYSE:THC). The number of shares now owned by investors are 101.21 mln. State Street reported 2.93M shares. The legal version of this news story can be viewed at https://weekherald.com/2017/10/12/tiaa-cref-investment-management-llc-purchases-18171-shares-of-tenet-healthcare-corporation-thc.html. Employees Retirement Of Texas invested 0.02% of its portfolio in Tenet Healthcare Corp (NYSE:THC). Geode Cap Mngmt accumulated 639,958 shares. Arizona State Retirement holds 33,900 shares.

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Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Firm operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. A negative earnings surprise will usually result in a decline in share price. The Company's divisions include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other.

Since January 1, 0001, it had 0 buys, and 3 insider sales for $270,704 activity.

About 363 shares traded. It is down 26.22% since October 13, 2016 and is uptrending. It has outperformed by 4.79% the S&P500. In a transaction dated November 13, 2015, the shares were bought at an average price of $32.56, giving away a sum of $29,304,000. Stevens Capital Mngmt Lp owns 14,377 shares. FMR LLC now owns 2,720,013 shares of the company's stock worth $48,171,000 after acquiring an additional 159,700 shares in the last quarter. Analysts mean recommendation for the stock is 0.00. Naples Global Advisors Llc, a Florida-based fund reported 13,678 shares.

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