Prudential Financial Inc. boosted its position in shares of Tenet Healthcare Corporation (NYSE:THC) by 9.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,835 shares of the company’s stock after buying an additional 4,665 shares during the quarter. Prudential Financial Inc. owned 0.05% of Tenet Healthcare Corporation worth $1,041,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in THC. First Trust Advisors LP boosted its stake in Tenet Healthcare Corporation by 583.0% during the first quarter. First Trust Advisors LP now owns 180,398 shares of the company’s stock valued at $3,195,000 after buying an additional 153,984 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Tenet Healthcare Corporation by 3.5% during the first quarter. Bank of New York Mellon Corp now owns 1,041,675 shares of the company’s stock valued at $18,449,000 after buying an additional 34,995 shares in the last quarter. Comerica Bank boosted its stake in Tenet Healthcare Corporation by 5.0% during the first quarter. Comerica Bank now owns 61,863 shares of the company’s stock valued at $957,000 after buying an additional 2,963 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Tenet Healthcare Corporation by 634.6% during the first quarter. UBS Asset Management Americas Inc. now owns 816,416 shares of the company’s stock valued at $14,459,000 after buying an additional 705,276 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in Tenet Healthcare Corporation during the first quarter valued at about $860,000.

Several research analysts recently weighed in on the company. Robert W. Baird reaffirmed a “buy” rating and set a $23.00 target price on shares of Tenet Healthcare Corporation in a research note on Thursday, September 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $19.00 target price on shares of Tenet Healthcare Corporation in a report on Monday, September 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $24.00 target price on shares of Tenet Healthcare Corporation in a report on Thursday, September 21st. Zacks Investment Research downgraded Tenet Healthcare Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 19th. Finally, Mizuho reaffirmed a “neutral” rating and set a $14.00 target price on shares of Tenet Healthcare Corporation in a report on Thursday, September 14th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.00.

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Shares of Tenet Healthcare Corporation (NYSE:THC) opened at 15.63 on Friday. Tenet Healthcare Corporation has a 52 week low of $12.54 and a 52 week high of $24.13. The stock’s market capitalization is $1.58 billion. The company has a 50-day moving average price of $16.33 and a 200 day moving average price of $17.20.

Tenet Healthcare Corporation (NYSE:THC) last posted its earnings results on Monday, August 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.17). Tenet Healthcare Corporation had a negative return on equity of 2.00% and a negative net margin of 0.97%. The firm had revenue of $14.80 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the firm earned $0.38 earnings per share. The company’s revenue was up 204.1% on a year-over-year basis. Analysts forecast that Tenet Healthcare Corporation will post $0.80 earnings per share for the current fiscal year.

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.

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

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