The Wolfe Research Begins Coverage on Tenet Healthcare Corp. (THC)

The Wolfe Research Begins Coverage on Tenet Healthcare Corp. (THC)

Wolfe Research started coverage on shares of Tenet Healthcare Corp. (NYSE:THC) in a research note published on Tuesday, The Fly reports. The firm issued a market perform rating on the stock.

A number of other research firms have also recently weighed in on THC. Morgan Stanley reissued a hold rating and set a $38.00 price objective on shares of Tenet Healthcare Corp. in a report on Tuesday, August 2nd. Jefferies Group reissued a buy rating on shares of Tenet Healthcare Corp. in a report on Monday, July 11th. Zacks Investment Research cut shares of Tenet Healthcare Corp. from a hold rating to a sell rating in a report on Wednesday, August 3rd. Mizuho reissued a neutral rating and set a $28.00 price objective (down previously from $33.00) on shares of Tenet Healthcare Corp. in a report on Tuesday, August 2nd. Finally, Barclays PLC reissued a buy rating and set a $39.00 price objective on shares of Tenet Healthcare Corp. in a report on Friday, August 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $32.64.

Tenet Healthcare Corp. (NYSE:THC) opened at 20.25 on Tuesday. Tenet Healthcare Corp. has a 52-week low of $19.83 and a 52-week high of $35.95. The firm’s 50-day moving average is $22.35 and its 200-day moving average is $26.95. The firm’s market capitalization is $2.02 billion.

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Tenet Healthcare Corp. by 1.1% in the first quarter. Geode Capital Management LLC now owns 793,231 shares of the company’s stock valued at $22,910,000 after buying an additional 8,677 shares during the last quarter. Riverhead Capital Management LLC raised its stake in shares of Tenet Healthcare Corp. by 4.5% in the first quarter. Riverhead Capital Management LLC now owns 59,240 shares of the company’s stock valued at $1,714,000 after buying an additional 2,558 shares during the last quarter. UBS Group AG raised its stake in shares of Tenet Healthcare Corp. by 271.9% in the first quarter. UBS Group AG now owns 121,610 shares of the company’s stock valued at $3,518,000 after buying an additional 88,912 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Tenet Healthcare Corp. by 30.8% in the first quarter. Meeder Asset Management Inc. now owns 18,645 shares of the company’s stock valued at $539,000 after buying an additional 4,389 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Tenet Healthcare Corp. by 0.5% in the first quarter. State Street Corp now owns 3,613,092 shares of the company’s stock valued at $104,526,000 after buying an additional 16,880 shares during the last quarter.

Tenet Healthcare Corp. Company Profile

Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company operates through three segments: Hospital Operations and other, Ambulatory Care and Conifer.

Related posts

Leave a Comment