Tenet exits Philadelphia with $170M sale of 2 hospitals

The hedge fund held 925,000 shares of the hospital and nursing management company at the end of 2017Q3, valued at $15.20 million, up from 525,000 at the end of the previous reported quarter. Proxima Capital Management Llc who had been investing in Tenet Healthcare C for a number of months, seems to be bullish on the $1.57B market cap company.

Shares of Tenet Healthcare (NYSE:THC) opened at $15.43 on Friday. It has outperformed by 84.47% the S&P500. Haverford Trust Company bought 6,990 shares as the company's stock declined 12.05% while stock markets rallied. Highline Capital Management Llc who had been investing in Constellation Brands Inc (Call) for a number of months, seems to be less bullish one the $42.90 billion market cap company. Eastern time. The Dow Jones industrial average rose 86 points, or 0.3 percent, to 25,455, the Nasdaq composite gained 25 points, or 0.4 percent, to 7,178 and the Russell 2000 index of small-cap stocks climbed 9 points, or 0.6 percent, to 1,569. About 179,130 shares traded. The New York-based Clearbridge Investments Ltd Liability Company has invested 0% in Tenet Healthcare Corporation (NYSE:THC). It has underperformed by 53.51% the S&P500.

River Road Asset Management Llc, which manages about $10.26 billion and $5.10B US Long portfolio, decreased its stake in Klx Inc.by 182,013 shares to 67,102 shares, valued at $3.55M in 2017Q3, according to the filing. It also increased its holding in Eaton Co (NYSE:ETN) by 61,950 shares in the quarter, for a total of 361,950 shares, and has risen its stake in Comerica (NYSE:CMA). (NYSE:THC) shares can stay above the price resistance around $15.3 a share, that could help propel Tenet Healthcare Corp. Tenet Healthcare's quarterly revenue was down 5.4% compared to the same quarter last year. research analysts expect that Tenet Healthcare will post 0.69 earnings per share for the current fiscal year. William Blair also issued estimates for Tenet Healthcare's Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.73 EPS and FY2018 earnings at $1.17 EPS. After $0.76 actual earnings per share reported by Take-Two Interactive Software, Inc. for the previous quarter, Wall Street now forecasts 10.53% EPS growth. This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell. Therefore 41% are positive.

Tenet Healthcare Corporation is a multinational investor-owned healthcare services company. Leerink Swann reiterated a "buy" rating and set a $27.00 price objective on shares of Tenet Healthcare in a research note on Wednesday, December 20th. The firm has "Neutral" rating by JP Morgan given on Wednesday, September 16. The rating was upgraded by BMO Capital Markets to "Outperform" on Friday, September 4.

The investment research firm, Zacks Investment Research, Inc. uses a mathematical quantitative stock-rating system to capture the power of earnings estimates incorporating full text research reports, back-testing, proprietary models, reporting, and raw data. The rating was maintained by Morgan Stanley with "Equal-Weight" on Thursday, November 9. They set a "market perform" rating on the stock. At the J.P. Morgan Healthcare Conference in San Francisco on Monday, Ron Rittenmeyer, executive chairman and CEO of Tenet, said Tenet's divestiture plan, which is expected to yield more than $1 billion of proceeds, is on track. The stock has "Hold" rating by RBC Capital Markets on Monday, July 17. Cubist Systematic Strategies Limited Liability Company invested 0.01% in Tenet Healthcare Corporation (NYSE:THC). The firm has "Overweight" rating by Barclays Capital given on Wednesday, November 8. The stock has "Neutral" rating by Goldman Sachs on Tuesday, July 21. Its down 0.10, from 1.28 in 2017Q2. 89 funds opened positions while 397 raised stakes. Retail Bank Of America De holds 0% or 596,445 shares. Jefferies has "Buy" rating and $2600 target. Aqr Management Lc holds 0% or 12,860 shares in its portfolio. Parallax Volatility Advisers Limited Partnership accumulated 34,325 shares or 0% of the stock. Syntal Prns Ltd Liability holds 0.21% in QUALCOMM Incorporated (NASDAQ:QCOM) or 5,538 shares.


The growth estimate for Tenet Healthcare Corp. Carlson Ltd Partnership, a Texas-based fund reported 350,000 shares. Russell Investments Group Ltd. now owns 10,525 shares of the company's stock worth $173,000 after purchasing an additional 6,800 shares in the last quarter. Tenet Healthcare has a 1 year low of $12.25 and a 1 year high of $22.72.

Investors sentiment decreased to 0.85 in Q3 2017. 122.38 million shares or 7.67% more from 113.66 million shares in 2017Q2 were reported. (NYSE:THC) for 76,023 shares. Clearbridge Invests Ltd Company has invested 0% in Tenet Healthcare Corporation (NYSE:THC). Its up 0.08, from 1.25 in 2017Q2.

Returns and Valuations for Tenet Healthcare Corp. Royal Bank of Canada reaffirmed a "hold" rating and issued a $19.00 target price on shares of Tenet Healthcare in a research report on Monday, September 25th. Rhumbline Advisers owns 145,741 shares for 0.01% of their portfolio.

Tenet Healthcare Corporation, together with its subsidiaries, operates as a diversified healthcare services company. Lpl Fincl Lc invested 0% of its portfolio in Tenet Healthcare Corporation (NYSE:THC).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related News:

  • College basketball: No. 4 Michigan State needs overtime to top Rutgers

    College basketball: No. 4 Michigan State needs overtime to top Rutgers

    Prior to their loss to Ohio State, the team shot well over 50 percent from the field in six-straight contests. Head coach Tom Izzo said Rutgers was the most physically tough team MSU has played against this year.
    Big UK government contractor sees shares plunge on debt woes

    Big UK government contractor sees shares plunge on debt woes

    Projects involving Carillion in Scotland also include the electrification of the central Scotland railway line through Shotts. Trade unions have urged ministers to step in to protect the 19,500 jobs across Britain that are now at risk.
    1.03 is Gilead Sciences Inc's (NASDAQ:GILD) Institutional Investor Sentiment

    1.03 is Gilead Sciences Inc's (NASDAQ:GILD) Institutional Investor Sentiment

    Following the completion of the sale, the insider now owns 3,204,433 shares of the company's stock, valued at $235,814,224.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link .
  • Trump Private Lawyer Sues Buzzfeed Over Russian Dossier

    Trump Private Lawyer Sues Buzzfeed Over Russian Dossier

    Reuters/Aaron BernsteinTrump's private lawyer filed a defamation lawsuit against Buzzfeed over the Russian dossier. Cohen, like many of Trump's aides and allies, has been harshly critical of some national news outlets.
    Teen Titans Go! to the Movies Trailer: Titans Head to Hollywood

    Teen Titans Go! to the Movies Trailer: Titans Head to Hollywood

    The film will see Slade as the film's main foil who interrupts the team's dreams for stardom in his quest for world domination. It's directed by Aaron Horvath and Peter Rida Michail, and here's the first trailer.
    Vikas is mean to Hina

    Vikas is mean to Hina

    He asks her to help him win the Rs 3 lakh amount as he feels she is anyways going to be the victor and get the lump sum. Puneesh listens to her and later tells Hina that Shilpa has no emotions and that she broke her mug without any feelings.
  • Justin Holiday scores 16 points with 9 rebounds in Bulls' win

    Justin Holiday scores 16 points with 9 rebounds in Bulls' win

    Markannen was fouled intentionally with 6.8 seconds left and he sank both free throws for the final points of the game. Williams shot 16 for 27 with a career-best eight 3-pointers and made all 10 of his free throws.
    Crude Oil Prices Increased in 2017, and Brent-WTI Spread Widened

    Crude Oil Prices Increased in 2017, and Brent-WTI Spread Widened

    Craig at Platts, meanwhile, said gasoline demand could inch lower and it may be a matter of time before oil prices reverse course. Brent crude oil futures briefly broke back above $70 per barrel while West Texas Intermediate was trading around $64 per barrel.
    Meghan Markle's Sister Samantha Grant Asks For Forgiveness, Wants Royal Wedding Invite

    Meghan Markle's Sister Samantha Grant Asks For Forgiveness, Wants Royal Wedding Invite

    You go through similar things - it's a bond, and it's something you know you've tackled together and come out better for it. US President Donald Trump is not getting a wedding invite from Prince Harry and Meghan Markle .
  • Protests Put Spotlight on Iran's Vast and Shadowy Syria War

    Protests Put Spotlight on Iran's Vast and Shadowy Syria War

    She called on all of her other colleagues in the Security Council to join her in amplifying the message of the Iranian people. Four UN human rights experts on Friday urged Iran to respect protesters' rights and allow freedom of expression and assembly.
    Veterans to be Eligible for Expanded Mental Health Resources

    Veterans to be Eligible for Expanded Mental Health Resources

    Howard and Jean have been advocating for veterans on this issue since losing their son. We've had our veterans sign conformed consent so they are part of the process.
    Levack's Locks For The NFL Divisional round

    Levack's Locks For The NFL Divisional round

    Foles is a solid backup, but so far he has had trouble integrating himself into the offense that was so successful with Wentz. The Steelers' defense limped down the stretch and hasn't been the same since linebacker Ryan Shazier was lost for the season.


Most liked

CVS to Keep Aetna in Hartford, Conn.
Those plans were complicated once Aetna agreed to be acquired by CVS in early December. CVS will maintain its corporate headquarters in Rhode Island.

Chris Brown Monkey Business Could Get Him Prosecuted
TMZ says that the "Don't Judge Me" singer has a pet monkey named Fiji , that was reportedly obtained without a permit. Some folks think that the animal is a danger to the 3-year-old girl and really should be left in the wild.

Dark Souls 2 And Dark Souls 3 Coming To Nintendo Switch
Also, 1080p resolution with 30FPS is available when playing the game on Nintendo Switch with its TV mode. Its terrors emanate from its very core, each step bringing you closer to another inevitable death.

'The Handmaid's Tale' Season 2 Photos Show a Bloodied, but Determined, Offred
Take a look at these Handmaid's Tale Season 2 photos, then hit the comments below to share your first impressions . You can try, but you won't do it.

Liam Neeson reveals his least favourite Taken movie
It leaves Grand Central Terminal, but makes several underground subway stops that the real-life commute line doesn't make. Action Man Liam Neeson ™ is familiar company by this point, but if you liked him before you'll certainly like him here.

President Zuma Hosts Kenyatta in Durban
The stadium is a sea of black, green and gold as crowds are quickly filling up seats ahead of ANC President Cyril Ramaphosa's speech.

Average price of Vancouver condo up 20% to $775806
Royal LePage is a Brookfield Real Estate Services Inc. company, a TSX-listed corporation trading under the symbol TSX:BRE. The HPS assesses real estate trends in residential markets across Canada for the past quarter.

England boss Southgate explains why Nigeria Wembley clash June 2
Nigeria are in the same group as Croatia, Iceland and old foes Argentina. These two clashes will follow on from England's double-header in March.

After interviewing with Colts, Rhule decides to stay at Baylor
There's always a surprise candidate for an National Football League head coaching vacancy, and this year that candidate is way off the radar.

Rory McIlroy says rib injury is fine, but reveals heart irregularity issue
RORY McILROY has revealed his secret heart scare - and how he will now require routine medical check-ups for the foreseeable future.

West Ham Open To Offers For Out Of Form Javier Hernandez
It has now been claimed West Ham have made a move for the 28-year-old, although Bournemouth have rejected their £5million bid. Bookmakers believe that Hernandez could be heading to Major League Soccer with the new side Los Angeles FC.

San Francisco 49ers linebacker Reuben Foster arrested for marijuana possession in Alabama
Foster started all 10 games he played in this season and posted 72 tackles, including 64 during the 49ers' final eight games. Last March, Foster was dismissed from the 2017 NFL Scouting Combine after an altercation with medical staff.

Death threat received to the Sultan of Bollywood 'Salman Khan' by Gangster
Actor has been asked to discontinue his cycling schedule and also to not inform fans of his location on social media. While talking to reporters when he was brought to Jodhpur court, Lawrence had issued a threat to kill Salman Khan .

Queen Elizabeth Says Wearing A Crown Has One Significant Downside
The Queen may enjoy the great privilege of wearing a crown, but the extravagant headpiece doesn't come without its downside. Meanwhile, the Smithsonian Channel is airing a special to mark the 65th anniversary of Queen Elizabeth's coronation.

Stock that will multiply your investment: Marathon Oil Corporation (NYSE: MRO)
Marathon Oil Corporation is comprised of insider ownership at 0.22% and institutional ownership of 82.50%. (NYSE:DIN). Marathon Oil Corporation (NYSE: MRO ) operates in the Independent Oil & Gas segment of the Basic Materials sector.