Dimensional Fund Advisors LP Has $155.41 Million Holdings in Tenet Healthcare Co. (NYSE:THC)

Dimensional Fund Advisors LP trimmed its holdings in Tenet Healthcare Co. (NYSE:THCGet Rating) by 13.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,807,837 shares of the company’s stock after selling 288,987 shares during the period. Dimensional Fund Advisors LP owned 1.68% of Tenet Healthcare worth $155,406,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Integral Health Asset Management LLC increased its stake in Tenet Healthcare by 62.5% in the first quarter. Integral Health Asset Management LLC now owns 130,000 shares of the company’s stock valued at $11,175,000 after acquiring an additional 50,000 shares during the last quarter. Friess Associates LLC grew its stake in shares of Tenet Healthcare by 128.5% during the first quarter. Friess Associates LLC now owns 9,890 shares of the company’s stock worth $850,000 after buying an additional 5,562 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Tenet Healthcare by 1.6% during the first quarter. Yousif Capital Management LLC now owns 54,736 shares of the company’s stock worth $4,705,000 after buying an additional 881 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Tenet Healthcare by 13.2% during the first quarter. Great West Life Assurance Co. Can now owns 63,273 shares of the company’s stock worth $5,604,000 after buying an additional 7,365 shares during the last quarter. Finally, APG Asset Management N.V. bought a new stake in shares of Tenet Healthcare during the first quarter worth $1,769,000. 95.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Richard W. Fisher sold 7,439 shares of the stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $62.92, for a total value of $468,061.88. Following the completion of the transaction, the director now directly owns 34,362 shares of the company’s stock, valued at $2,162,057.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on THC shares. The Goldman Sachs Group cut their price target on shares of Tenet Healthcare from $108.00 to $93.00 and set a “buy” rating on the stock in a report on Tuesday, July 12th. Loop Capital assumed coverage on shares of Tenet Healthcare in a report on Thursday, June 16th. They set a “buy” rating and a $80.00 price objective on the stock. UBS Group reiterated a “maintains” rating on shares of Tenet Healthcare in a report on Thursday. Citigroup reiterated a “maintains” rating on shares of Tenet Healthcare in a report on Tuesday. Finally, StockNews.com upgraded Tenet Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, July 22nd. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.75.

Tenet Healthcare Stock Performance

THC stock traded up $2.19 during midday trading on Thursday, reaching $65.65. 17,582 shares of the company’s stock traded hands, compared to its average volume of 1,523,959. The company has a debt-to-equity ratio of 7.07, a quick ratio of 1.30 and a current ratio of 1.39. The company has a 50-day moving average price of $59.05 and a two-hundred day moving average price of $73.26. The firm has a market capitalization of $7.07 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 1.68 and a beta of 2.40. Tenet Healthcare Co. has a 52 week low of $50.37 and a 52 week high of $92.65.

Tenet Healthcare (NYSE:THCGet Rating) last posted its earnings results on Thursday, July 21st. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.10. Tenet Healthcare had a net margin of 4.58% and a return on equity of 45.10%. During the same quarter last year, the company earned $1.59 earnings per share. As a group, equities analysts anticipate that Tenet Healthcare Co. will post 6.23 EPS for the current year.

Tenet Healthcare Company Profile

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Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates in three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. 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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