Research Report for Investors: Tenet Healthcare Corp. (NYSE:THC)

The institutional investor held 254,247 shares of the hospital and nursing management company at the end of 2017Q3, valued at $4.18M, up from 230,250 at the end of the previous reported quarter. Tenet Healthcare Corp now has $2.51 billion valuation.

Shares of Tenet Healthcare (NYSE THC) traded up $0.63 on Wednesday, hitting $24.79. About 231,589 shares traded.

Tenet Healthcare Corp (NYSE:THC) has an ABR of 2.45 which is the combined stock view of 14 analysts poll results. It has underperformed by 53.51% the S&P500.

Ingalls & Snyder Llc decreased its stake in Pfizer Inc (PFE) by 24.8% based on its latest 2017Q3 regulatory filing with the SEC. Trillium Asset Management Llc sold 3,170 shares as Biogen Inc (BIIB)'s stock declined 13.45%. The company has market cap of $2.65 billion. The 9 months bullish chart indicates low risk for the $2.50B company.

The stock decreased 0.55% or $0.54 during the last trading session, reaching $98.28. 8×8, Inc. (NASDAQ:EGHT) has risen 12.01% since March 15, 2017 and is uptrending. It has outperformed by 2.33% the S&P500.

Investors sentiment decreased to 0.88 in 2017 Q3. Its down 0.09, from 0.94 in 2017Q2. It increased, as 59 investors sold BIIB shares while 283 reduced holdings. 2 funds opened positions while 6 raised stakes. Davidson Kempner Management LP reported 1.92 million shares. It also reduced Nrg Yield Inc stake by 639,491 shares and now owns 1.11M shares. Glenview Cap Management Ltd Liability accumulated 17.89 million shares or 1.71% of the stock. Smithfield Co, Pennsylvania-based fund reported 291 shares. (NYSE:PFE). Comml Bank Of Stockton owns 7,180 shares or 0.12% of their U.S. portfolio. 6,248 are owned by Zweig. Baltimore invested in 145,962 shares. Natixis invested in 15,629 shares or 0% of the stock. Schroder Invest Grp Inc owns 535,538 shares for 0.06% of their portfolio. Macquarie Group Limited has invested 0.01% in V.F. Corporation (NYSE:VFC). Northstar Asset Mngmt Ltd Company accumulated 33,187 shares. Meeder Asset Mngmt holds 0.09% or 51,774 shares in its portfolio. Menta Cap Ltd Liability, California-based fund reported 15,052 shares. Therefore 88% are positive. 8×8 had 30 analyst reports since August 10, 2015 according to SRatingsIntel. Scotia Capital initiated Dominion Energy, Inc. J.P. Morgan downgraded the shares of THC in report on Thursday, December 14 to "Sell" rating. Deutsche Bank maintained the stock with "Hold" rating in Tuesday, August 25 report. The stock has "Neutral" rating by Mizuho on Monday, March 27. (NASDAQ:BIIB) on Tuesday, January 2 with "Buy" rating. Robert W. Baird has "Neutral" rating and $82.0 target. The company was maintained on Tuesday, January 16 by Canaccord Genuity. The firm earned "Hold" rating on Saturday, September 23 by RBC Capital Markets. The company has market cap of $47.79 billion.

Sensex falls 131 points for week on rising geo-politics concerns
Tata Steel and Bharti Airtel were the largest losers as they slipped 4.24 and 4.16 per cent, respectively. Sensex has lost more than 800 points in the last two sessions.

Since December 15, 2017, it had 0 insider buys, and 10 selling transactions for $10.15 million activity. 9,000 Tecnoglass Inc. (NASDAQ:TGLS) shares with value of $65,739 were sold by Byorum Martha L. On Monday, January 22 the insider Brown James S sold $713,475. We have $26.43 PT which if reached, will make NYSE:THC worth $174.79 million more.

Analysts await Pfizer Inc. They expect $-0.01 earnings per share, up 85.71% or $0.06 from last year's $-0.07 per share. HAL's profit will be $384.96 million for 25.91 P/E if the $0.44 EPS becomes a reality. After $1.40 actual earnings per share reported by Tenet Healthcare Corporation for the previous quarter, Wall Street now forecasts -101.43% negative EPS growth. Geode Capital has 824,068 shares for 0% of their portfolio. It also increased its holding in Emerging Markets Ishares Index (EEM) by 4,063 shares in the quarter, for a total of 149,335 shares, and has risen its stake in Alphabet Inc Cl A.

Among 23 analysts covering Tenet Healthcare Corporation (NYSE:THC), 9 have Buy rating, 4 Sell and 10 Hold. Therefore 28% are positive. Piper Jaffray Companies reaffirmed a hold rating and set a $21.00 price objective on shares of Tenet Healthcare in a report on Thursday, March 1st. The stock of Tenet Healthcare Corporation (NYSE:THC) has "Buy" rating given on Wednesday, September 20 by Jefferies. The firm earned "Hold" rating on Friday, November 3 by Credit Suisse. As per Tuesday, December 19, the company rating was maintained by SunTrust. Leerink Swann upgraded the stock to "Outperform" rating in Wednesday, June 7 report. As per Wednesday, February 28, the company rating was maintained by Wells Fargo. Finally, William Blair reaffirmed a market perform rating on shares of Tenet Healthcare in a research report on Tuesday, November 21st. The stock of Tenet Healthcare Corporation (NYSE:THC) has "Neutral" rating given on Wednesday, October 5 by Mizuho.

Tenet Healthcare Corporation, together with its subsidiaries, operates as a diversified healthcare services company. They expect $-0.02 earnings per share, up 92.59% or $0.25 from last year's $-0.27 per share. The company reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.25 by $0.15.

Investors sentiment increased to 0.88 in 2017 Q3. Its down 0.45, from 1.33 in 2017Q2. It improved, as 33 investors sold Tenet Healthcare Corporation shares while 57 reduced holdings. 85 funds opened positions while 211 raised stakes. 122.38 million shares or 7.67% more from 113.66 million shares in 2017Q2 were reported. National Bank & Trust Of Montreal Can reported 323,882 shares. Natl Bank Of Ny Mellon Corp holds 1.10 million shares. Commonwealth Financial Bank Of Australia holds 0.01% or 40,300 shares in its portfolio. Morgan Stanley invested in 123,469 shares.

Acuta Capital Partners Llc holds 16.88% of its portfolio in Immunomedics, Inc. for 6.74 million shares. 711,382 are held by Glenhill Advsr Limited Liability Corporation. New Jersey-based Redwood Management Ltd has invested 1.55% in Tenet Healthcare Corporation (NYSE:THC). Great West Life Assurance Co Can reported 76,023 shares.

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