Great West Life Assurance Co. Can reduced its stake in shares of Tenet Healthcare Corporation (NYSE:THC) by 8.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 73,900 shares of the company’s stock after selling 7,124 shares during the period. Great West Life Assurance Co. Can owned approximately 0.07% of Tenet Healthcare Corporation worth $1,427,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of THC. Bank of Montreal Can boosted its stake in shares of Tenet Healthcare Corporation by 119.3% in the first quarter. Bank of Montreal Can now owns 12,667 shares of the company’s stock valued at $223,000 after buying an additional 6,892 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Tenet Healthcare Corporation by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,200 shares of the company’s stock valued at $358,000 after buying an additional 500 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Tenet Healthcare Corporation by 986.7% in the first quarter. Nisa Investment Advisors LLC now owns 16,300 shares of the company’s stock valued at $289,000 after buying an additional 14,800 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Tenet Healthcare Corporation by 0.7% in the first quarter. Nationwide Fund Advisors now owns 132,283 shares of the company’s stock valued at $2,343,000 after buying an additional 968 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its stake in shares of Tenet Healthcare Corporation by 23.8% in the first quarter. First Mercantile Trust Co. now owns 9,900 shares of the company’s stock valued at $175,000 after buying an additional 1,900 shares during the last quarter.

Tenet Healthcare Corporation (THC) opened at 17.17 on Friday. Tenet Healthcare Corporation has a one year low of $12.54 and a one year high of $24.86. The company’s market cap is $1.73 billion. The firm has a 50-day moving average price of $16.85 and a 200 day moving average price of $17.76.

Tenet Healthcare Corporation (NYSE:THC) last announced its quarterly earnings data on Monday, August 7th. The company reported ($0.17) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.17). The firm had revenue of $14.80 billion for the quarter, compared to analyst estimates of $4.90 billion. Tenet Healthcare Corporation had a negative net margin of 0.97% and a negative return on equity of 2.00%. The business’s quarterly revenue was up 204.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. Equities analysts expect that Tenet Healthcare Corporation will post $0.83 earnings per share for the current fiscal year.

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Several equities research analysts have recently weighed in on THC shares. Credit Suisse Group increased their price target on Tenet Healthcare Corporation from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, May 5th. ValuEngine cut Tenet Healthcare Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Wells Fargo & Company raised Tenet Healthcare Corporation from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Tuesday, June 6th. Morgan Stanley started coverage on Tenet Healthcare Corporation in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $19.00 price target for the company. Finally, Leerink Swann raised Tenet Healthcare Corporation from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a research note on Tuesday, June 6th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.43.

Tenet Healthcare Corporation 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.

Institutional Ownership by Quarter for Tenet Healthcare Corporation (NYSE:THC)

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