Bbt Capital Management adds Tenet Healthcare Corp (THC) to its portfolio

Tenet Healthcare Corp (THC) : Bbt Capital Management added new position in Tenet Healthcare Corp during the most recent quarter end. The investment management firm now holds 224,800 shares of Tenet Healthcare Corp which is valued at $5,732,400 , the company said in a statement filed on Aug 10, 2016 with the SEC.Tenet Healthcare Corp makes up approximately 1.49% of Bbt Capital Management’s portfolio.

Other Hedge Funds, Including , Advantus Capital Management Inc boosted its stake in THC in the latest quarter, The investment management firm added 2,767 additional shares and now holds a total of 12,026 shares of Tenet Healthcare Corp which is valued at $306,663. Tenet Healthcare Corp makes up approx 0.01% of Advantus Capital Management Inc’s portfolio.Phoenix Investment Adviser reduced its stake in THC by selling 14,400 shares or 33.41% in the most recent quarter. The Hedge Fund company now holds 28,700 shares of THC which is valued at $788,676. Tenet Healthcare Corp makes up approx 1.09% of Phoenix Investment Adviser’s portfolio. New Mexico Educational Retirement Board sold out all of its stake in THC during the most recent quarter. The investment firm sold 11,290 shares of THC which is valued $314,201.Deltec Asset Management reduced its stake in THC by selling 258,560 shares or 52.35% in the most recent quarter. The Hedge Fund company now holds 235,308 shares of THC which is valued at $7,228,662. Tenet Healthcare Corp makes up approx 1.74% of Deltec Asset Management’s portfolio.Creative Planning reduced its stake in THC by selling 50 shares or 5.35% in the most recent quarter. The Hedge Fund company now holds 885 shares of THC which is valued at $26,408.

Tenet Healthcare Corp closed down -0.14 points or -0.58% at $24.02 with 28,01,248 shares getting traded on Friday. Post opening the session at $23.96, the shares hit an intraday low of $23.74 and an intraday high of $24.16 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Tenet Healthcare Corp reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $0.52. The company had revenue of $4868.00 million for the quarter, compared to analysts expectations of $4824.96 million. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Many Wall Street Analysts have commented on Tenet Healthcare Corp. Shares were Reiterated by Mizuho on Aug 2, 2016 to “Neutral” and Lowered the Price Target to $ 28 from a previous price target of $33 .

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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