Tenet Healthcare Corp (THC) : Phoenix Investment Adviser scooped up 13,100 additional shares in Tenet Healthcare Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 43,100 shares of Tenet Healthcare Corp which is valued at $1,361,960.Tenet Healthcare Corp makes up approximately 1.70% of Phoenix Investment Adviser’s portfolio.
Tenet Healthcare Corp opened for trading at $31.4 and hit $32.04 on the upside on Monday, eventually ending the session at $31.87, with a gain of 0.85% or 0.27 points. The heightened volatility saw the trading volume jump to 18,57,760 shares. Company has a market cap of $3,140 M.
Other Hedge Funds, Including , Santa Fe Partners sold out all of its stake in THC during the most recent quarter. The investment firm sold 41,474 shares of THC which is valued $1,310,578. Proficio Capital Partners added THC to its portfolio by purchasing 8 company shares during the most recent quarter which is valued at $229.Chevy Chase Trust Holdings boosted its stake in THC in the latest quarter, The investment management firm added 1,829 additional shares and now holds a total of 83,137 shares of Tenet Healthcare Corp which is valued at $2,381,044. Tenet Healthcare Corp makes up approx 0.01% of Chevy Chase Trust Holdings’s portfolio.
On the company’s financial health, Tenet Healthcare Corp reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 22, 2016. Analyst had a consensus of $0.34. The company had revenue of $5206.00 million for the quarter, compared to analysts expectations of $5195.52 million. The company’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.
Many Wall Street Analysts have commented on Tenet Healthcare Corp. Tenet Healthcare Corp was Upgraded by Susquehanna to ” Positive” on Apr 13, 2016. Company shares were Reiterated by Mizuho on Mar 16, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $30 .Shares were Reiterated by RBC Capital Mkts on Mar 7, 2016 to “Sector Perform” and Lowered the Price Target to $ 30 from a previous price target of $37 .
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.