Dynamic Technology Lab Private Ltd Acquires 10,899 Shares of Tenet Healthcare Co. (NYSE:THC)

Dynamic Technology Lab Private Ltd lifted its holdings in shares of Tenet Healthcare Co. (NYSE:THC - Free Report) by 314.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,360 shares of the company's stock after buying an additional 10,899 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Tenet Healthcare were worth $1,813,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Islay Capital Management LLC bought a new position in shares of Tenet Healthcare during the fourth quarter worth $691,000. Prudential PLC increased its holdings in shares of Tenet Healthcare by 0.7% in the fourth quarter. Prudential PLC now owns 15,344 shares of the company's stock worth $1,937,000 after acquiring an additional 107 shares in the last quarter. Huber Capital Management LLC lifted its holdings in shares of Tenet Healthcare by 5.7% during the 4th quarter. Huber Capital Management LLC now owns 11,101 shares of the company's stock valued at $1,401,000 after purchasing an additional 600 shares in the last quarter. Cinctive Capital Management LP bought a new stake in Tenet Healthcare during the 4th quarter worth approximately $2,455,000. Finally, Bryce Point Capital LLC bought a new position in Tenet Healthcare in the fourth quarter valued at approximately $490,000. 95.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Tenet Healthcare news, Director J Robert Kerrey sold 9,525 shares of Tenet Healthcare stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $125.43, for a total transaction of $1,194,720.75. Following the transaction, the director now directly owns 27,378 shares of the company's stock, valued at $3,434,022.54. The trade was a 25.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.93% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have recently issued reports on THC. Guggenheim started coverage on shares of Tenet Healthcare in a report on Wednesday. They issued a "buy" rating and a $165.00 price objective on the stock. StockNews.com upgraded shares of Tenet Healthcare from a "hold" rating to a "buy" rating in a research note on Thursday, March 13th. Morgan Stanley began coverage on Tenet Healthcare in a report on Wednesday, March 26th. They issued an "overweight" rating and a $165.00 price objective on the stock. TD Cowen began coverage on Tenet Healthcare in a research note on Wednesday, February 26th. They issued a "buy" rating and a $175.00 price target for the company. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $177.00 target price on shares of Tenet Healthcare in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Tenet Healthcare has an average rating of "Moderate Buy" and a consensus price target of $166.33.

Tenet Healthcare Stock Down 3.9 %

THC stock traded down $5.13 during trading on Thursday, reaching $125.94. 569,608 shares of the stock were exchanged, compared to its average volume of 1,522,743. The company has a current ratio of 1.78, a quick ratio of 1.70 and a debt-to-equity ratio of 2.25. Tenet Healthcare Co. has a twelve month low of $90.03 and a twelve month high of $171.20. The firm's 50 day moving average is $130.52 and its 200 day moving average is $140.18. The firm has a market cap of $11.98 billion, a P/E ratio of 3.91, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77.

Tenet Healthcare (NYSE:THC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $3.44 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.49. Tenet Healthcare had a net margin of 15.48% and a return on equity of 21.88%. As a group, research analysts forecast that Tenet Healthcare Co. will post 12.24 EPS for the current year.

Tenet Healthcare Company Profile

Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States. The company operates through two segments: Hospital Operations and Services, and Ambulatory Care. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.