Quotient Investors buys $4,827,127 stake in Tenet Healthcare Corp (THC)

Tenet Healthcare Corp (THC) : Quotient Investors scooped up 56,930 additional shares in Tenet Healthcare Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 11, 2016. The investment management firm now holds a total of 161,767 shares of Tenet Healthcare Corp which is valued at $4,827,127.Tenet Healthcare Corp makes up approximately 2.21% of Quotient Investors’s portfolio.

Other Hedge Funds, Including , Weaver C. Barksdale Associates added THC to its portfolio by purchasing 2,957 company shares during the most recent quarter which is valued at $88,237. Tenet Healthcare Corp makes up approx 0.15% of Weaver C. Barksdale Associates’s portfolio. Chevy Chase Trust Holdings sold out all of its stake in THC during the most recent quarter. The investment firm sold 83,137 shares of THC which is valued $2,400,997.Next Financial Group Inc boosted its stake in THC in the latest quarter, The investment management firm added 950 additional shares and now holds a total of 7,425 shares of Tenet Healthcare Corp which is valued at $214,434. Tenet Healthcare Corp makes up approx 0.07% of Next Financial Group Inc’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in THC in the latest quarter, The investment management firm added 42,603 additional shares and now holds a total of 112,767 shares of Tenet Healthcare Corp which is valued at $3,256,711. Tenet Healthcare Corp makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Tenet Healthcare Corp opened for trading at $29.93 and hit $30.14 on the upside on Wednesday, eventually ending the session at $29.84, with a gain of 0.30% or 0.09 points. The heightened volatility saw the trading volume jump to 9,38,618 shares. Company has a market cap of $2,963 M.

On the company’s financial health, Tenet Healthcare Corp reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.34. The company had revenue of $5044.00 million for the quarter, compared to analysts expectations of $4793.79 million. The company’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on Tenet Healthcare Corp. Mizuho Downgraded Tenet Healthcare Corp on May 4, 2016 to ” Neutral”, Price Target of the shares are set at $33.Tenet Healthcare Corp was Upgraded by Susquehanna to ” Positive” on Apr 13, 2016.

Tenet Healthcare Corporation is a healthcare services company. The Company operates regionally focused integrated healthcare delivery networks in large urban and suburban markets. As of December 31 2014 it operated 80 hospitals 210 outpatient centers six health plans and Conifer Health Solutions LLC (Conifer) which provides healthcare business process services in the areas of revenue cycle management value-based care and patient communications. It provides operational management for revenue cycle functions including patient access health information management revenue integrity and patient financial services. It also offers communications and engagement solutions to optimize the relationship between providers and patients. Conifer operates a management services business that supports value-based performance through clinical integration financial risk management and population health management. It has two operating segments: Hospital Operations and other and Conifer.

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