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).

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