Meeder Asset Management Inc. raised its position in shares of Tenet Healthcare Corporation (NYSE:THC) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,741 shares of the company’s stock after buying an additional 175 shares during the period. Meeder Asset Management Inc. owned approximately 0.05% of Tenet Healthcare Corporation worth $1,001,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of THC. Fox Run Management L.L.C. acquired a new position in shares of Tenet Healthcare Corporation during the second quarter worth approximately $921,000. Nomura Asset Management Co. Ltd. increased its position in shares of Tenet Healthcare Corporation by 57.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 7,100 shares of the company’s stock worth $126,000 after buying an additional 2,590 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Tenet Healthcare Corporation by 35.7% in the first quarter. Nuveen Asset Management LLC now owns 43,543 shares of the company’s stock worth $771,000 after buying an additional 11,460 shares in the last quarter. UBS Oconnor LLC acquired a new position in shares of Tenet Healthcare Corporation during the first quarter worth approximately $4,428,000. Finally, FNY Managed Accounts LLC acquired a new position in shares of Tenet Healthcare Corporation during the first quarter worth approximately $109,000.

Tenet Healthcare Corporation (NYSE:THC) opened at 19.09 on Friday. Tenet Healthcare Corporation has a 12-month low of $14.06 and a 12-month high of $31.84. The firm’s 50-day moving average price is $17.93 and its 200-day moving average price is $17.67. The company’s market cap is $1.92 billion.

Tenet Healthcare Corporation (NYSE:THC) last posted its quarterly earnings data on Monday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.52) by $0.25. Tenet Healthcare Corporation had a negative net margin of 0.92% and a positive return on equity of 2.94%. The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter in the previous year, the company posted $0.45 EPS. Tenet Healthcare Corporation’s revenue was down 4.6% on a year-over-year basis. Analysts expect that Tenet Healthcare Corporation will post $1.19 EPS for the current year.

WARNING: “Meeder Asset Management Inc. Has $1 Million Position in Tenet Healthcare Corporation (THC)” was first published by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://www.watchlistnews.com/meeder-asset-management-inc-has-1-million-position-in-tenet-healthcare-corporation-thc/1442118.html.

A number of research analysts recently commented on the company. Zacks Investment Research raised Tenet Healthcare Corporation from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a report on Monday, July 10th. BidaskClub raised Tenet Healthcare Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. 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 report on Tuesday, June 6th. Morgan Stanley assumed coverage on Tenet Healthcare Corporation in a report on Tuesday, June 6th. They issued an “equal weight” rating and a $19.00 price target for the company. Finally, 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 report on Tuesday, June 6th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $23.57.

About Tenet Healthcare Corporation

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.

Want to see what other hedge funds are holding THC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tenet Healthcare Corporation (NYSE:THC).

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

Receive News & Ratings for Tenet Healthcare Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenet Healthcare Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.