Were Analysts Bearish Tenet Healthcare Corporation (NYSE:THC) This Week?

October 2, 2018 - By olga

Tenet Healthcare Corporation (NYSE:THC) LogoInvestors sentiment increased to 1.17 in 2018 Q2. Its up 0.30, from 0.87 in 2018Q1. It improved, as 26 investors sold Tenet Healthcare Corporation shares while 69 reduced holdings. 47 funds opened positions while 64 raised stakes. 103.39 million shares or 5.33% less from 109.21 million shares in 2018Q1 were reported.
Healthcor L P holds 0.17% of its portfolio in Tenet Healthcare Corporation (NYSE:THC) for 157,550 shares. Globeflex Cap Lp holds 18,336 shares. Pub Employees Retirement Systems Of Ohio accumulated 88,865 shares. Proshare Advsrs Limited Company accumulated 20,264 shares. Cibc World owns 75,703 shares for 0.01% of their portfolio. Mutual Of America Management Llc invested in 0.03% or 69,584 shares. Massachusetts-based Wellington Mgmt Grp Llp has invested 0% in Tenet Healthcare Corporation (NYSE:THC). Ameriprise Finance, a Minnesota-based fund reported 439,335 shares. Mitsubishi Ufj & Banking holds 0% or 6,157 shares in its portfolio. Panagora Asset Management Inc holds 3,684 shares. Brigade Capital Mgmt Lp has invested 1.35% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). Hbk Investments Ltd Partnership reported 0.02% stake. Strs Ohio reported 42,400 shares. Stonehill Mgmt Ltd Llc accumulated 112,533 shares. Raymond James And Associates reported 14,234 shares stake.

Tenet Healthcare Corporation (NYSE:THC) Ratings Coverage

Among 9 analysts covering Tenet Healthcare (NYSE:THC), 3 have Buy rating, 2 Sell and 4 Hold. Therefore 33% are positive. Tenet Healthcare had 10 analyst reports since April 17, 2018 according to SRatingsIntel. Leerink Swann maintained the stock with “Buy” rating in Wednesday, May 2 report. The company was maintained on Wednesday, May 2 by Morgan Stanley. Mizuho maintained Tenet Healthcare Corporation (NYSE:THC) rating on Wednesday, May 9. Mizuho has “Buy” rating and $3500 target. JP Morgan maintained it with “Underweight” rating and $28 target in Friday, August 10 report. On Tuesday, May 8 the stock rating was maintained by Citigroup with “Buy”. The company was maintained on Tuesday, April 17 by SunTrust. Credit Suisse maintained Tenet Healthcare Corporation (NYSE:THC) rating on Friday, May 4. Credit Suisse has “Neutral” rating and $33 target. The company was downgraded on Friday, June 29 by Jefferies. The company was maintained on Monday, July 23 by Citigroup. Below is a list of Tenet Healthcare Corporation (NYSE:THC) latest ratings and price target changes.

14/08/2018 Broker: Barclays Capital Rating: Equal-Weight New Target: $35 Initiates Coverage On
10/08/2018 Broker: JP Morgan Old Rating: Underweight New Rating: Underweight Old Target: $22 New Target: $28 Maintain
23/07/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $37 New Target: $44 Maintain
29/06/2018 Broker: Jefferies Old Rating: Buy New Rating: Hold Old Target: $28 New Target: $38 Downgrade
09/05/2018 Broker: Mizuho Rating: Buy New Target: $35.0000 Maintain
08/05/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $27 New Target: $37 Maintain
04/05/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $27 New Target: $33 Maintain
02/05/2018 Broker: Leerink Swann Rating: Buy New Target: $40.0000 Maintain
02/05/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $16 New Target: $24 Maintain
17/04/2018 Broker: SunTrust Rating: Hold New Target: $27.0000 Maintain

The stock decreased 0.45% or $0.12 during the last trading session, reaching $27.92. About 440,727 shares traded. Tenet Healthcare Corporation (NYSE:THC) has risen 67.46% since October 2, 2017 and is uptrending. It has outperformed by 51.84% the S&P500.

Tenet Healthcare Corporation, together with its subsidiaries, operates as a diversified healthcare services company. The company has market cap of $2.86 billion. It operates in three divisions: Hospital Operations and Other, Ambulatory Care, and Conifer. It currently has negative earnings. The companyÂ’s general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.

More recent Tenet Healthcare Corporation (NYSE:THC) news were published by: Seekingalpha.com which released: “Stocks To Watch: Strap In For Q3” on September 29, 2018. Also Bizjournals.com published the news titled: “Tower Health forms joint venture to acquire, develop ambulatory care centers” on September 27, 2018. Seekingalpha.com‘s news article titled: “Tracking Larry Robbins’ Glenview Capital Management Portfolio – Q2 2018 Update” with publication date: September 03, 2018 was also an interesting one.

Tenet Healthcare Corporation (NYSE:THC) Institutional Positions Chart

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