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:

  • Colombia paralyzes dialogue with ELN after new guerrilla attacks

    Colombia paralyzes dialogue with ELN after new guerrilla attacks

    Peace talks with the smaller ELN , whose founders in the 1960s included radical Roman Catholic priests, began last February. The ceasefire did not continue as reports say the rebels want a new deal with the government.
    President Zuma Hosts Kenyatta in Durban

    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.
    West Ham Open To Offers For Out Of Form Javier Hernandez

    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.
  • 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.
    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.
    Samsung brands second-gen HBM2 as 'Aquabolt'

    Samsung brands second-gen HBM2 as 'Aquabolt'

    To achieve Aquabolt's unprecedented performance, Samsung has applied new technologies related to TSV design and thermal control. Samsung will continue to refine its HBM2, as it expands the market " over the next several years ", it says.
  • 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 .
    Rory McIlroy says rib injury is fine, but reveals heart irregularity issue

    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.
    Switzerland rules lobsters must be stunned before they are boiled

    Switzerland rules lobsters must be stunned before they are boiled

    But there's "clear-long-term motivational change [in these experiments] that's entirely consistent with the idea of pain". In experiments, hermit crabs were quick to abandon a shell if it was exposed to a large electric shock.
  • Dark Souls 2 And Dark Souls 3 Coming To Nintendo Switch

    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.
    Liam Neeson reveals his least favourite Taken movie

    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.
    Dark Souls Remastered Runs At Upscaled 4K/60FPS On PS4 Pro and XB1X

    Dark Souls Remastered Runs At Upscaled 4K/60FPS On PS4 Pro and XB1X

    It won't have the visual fidelity of the other platforms, but it does offer the option to play Dark Souls on a handheld. Dark Souls: Remastered launches on May 25th, 2018, for PC, Xbox One , PlayStation 4 and Nintendo Switch .


Most liked

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.

Vintage Ferrer stays on course in Auckland
Defending champion Sock completely faltered against Gojowczyk and lasted only 61 minutes before being defeated 3-6, 3-6.

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.

'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.

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.

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.

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.

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 .

Ex-RB Marcus Lattimore joins SC coaching staff
Former South Carolina All-American running back Marcus Lattimore will start Monday in an off-the-field role. In the a year ago , he'd earn $5.2 million.

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.

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 .

Burning Stock on the move: Apple Inc. (NASDAQ:AAPL)
Institutional investors and hedge funds own 60.17% of the company's stock. 128 funds opened positions while 644 raised stakes. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.20.

Flu Widespread in 36 States, Deaths Reported: CDC
The health department said people should request the " quadrivalent vaccine " that protects against four strains of flu. In addition to taking the flu vaccine, other measures can reduce or prevent the spread of influenza.