Tenet Healthcare Co. (NYSE:THC) Stock Holdings Increased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its holdings in Tenet Healthcare Co. (NYSE:THCFree Report) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,397 shares of the company’s stock after purchasing an additional 2,773 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Tenet Healthcare were worth $3,321,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE raised its position in shares of Tenet Healthcare by 14.6% during the 1st quarter. US Bancorp DE now owns 1,428 shares of the company’s stock worth $123,000 after buying an additional 182 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Tenet Healthcare during the 1st quarter valued at $219,000. Natixis Advisors L.P. bought a new stake in Tenet Healthcare in the first quarter worth about $1,651,000. APG Asset Management N.V. bought a new position in shares of Tenet Healthcare during the 1st quarter valued at about $1,769,000. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Tenet Healthcare by 13.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 63,273 shares of the company’s stock worth $5,604,000 after purchasing an additional 7,365 shares in the last quarter. 93.56% of the stock is currently owned by institutional investors.

Tenet Healthcare Stock Down 1.1 %

Shares of THC stock opened at $102.04 on Friday. The stock’s 50 day simple moving average is $90.74 and its 200 day simple moving average is $74.92. The company has a debt-to-equity ratio of 4.77, a quick ratio of 1.42 and a current ratio of 1.51. Tenet Healthcare Co. has a twelve month low of $51.04 and a twelve month high of $104.71. The company has a market capitalization of $10.20 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 3.22 and a beta of 2.07.

Tenet Healthcare (NYSE:THCGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported $2.68 EPS for the quarter, topping the consensus estimate of $1.58 by $1.10. The company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.28 billion. Tenet Healthcare had a return on equity of 26.34% and a net margin of 2.97%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.96 EPS. As a group, research analysts predict that Tenet Healthcare Co. will post 6.09 EPS for the current year.

Analyst Ratings Changes

THC has been the topic of a number of recent research reports. Truist Financial lifted their target price on Tenet Healthcare from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Wells Fargo & Company raised their price objective on Tenet Healthcare from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. TheStreet upgraded Tenet Healthcare from a “c+” rating to a “b-” rating in a report on Tuesday, February 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $104.00 price target on shares of Tenet Healthcare in a report on Tuesday, March 5th. Finally, Mizuho lifted their price target on Tenet Healthcare from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Tenet Healthcare presently has a consensus rating of “Buy” and an average target price of $95.27.

Get Our Latest Stock Report on THC

Insiders Place Their Bets

In other Tenet Healthcare news, Director Richard W. Fisher sold 2,100 shares of Tenet Healthcare stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $88.21, for a total value of $185,241.00. Following the transaction, the director now directly owns 20,127 shares of the company’s stock, valued at approximately $1,775,402.67. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Thomas W. Arnst sold 17,000 shares of Tenet Healthcare stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $94.84, for a total transaction of $1,612,280.00. Following the sale, the executive vice president now owns 8,148 shares of the company’s stock, valued at approximately $772,756.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard W. Fisher sold 2,100 shares of Tenet Healthcare stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $88.21, for a total value of $185,241.00. Following the sale, the director now directly owns 20,127 shares in the company, valued at approximately $1,775,402.67. The disclosure for this sale can be found here. Insiders have sold a total of 51,268 shares of company stock valued at $4,944,810 in the last three months. Company insiders own 1.30% of the company’s stock.

Tenet Healthcare Profile

(Free Report)

Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States. The company operates through two segments: Hospital Operations and Services, and Ambulatory Care. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.

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

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