Empirical Finance LLC Raises Stock Holdings in Tenet Healthcare Co. (NYSE:THC)

Empirical Finance LLC increased its stake in shares of Tenet Healthcare Co. (NYSE:THC - Free Report) by 69.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,360 shares of the company's stock after acquiring an additional 3,414 shares during the quarter. Empirical Finance LLC's holdings in Tenet Healthcare were worth $1,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of THC. Empowered Funds LLC grew its position in shares of Tenet Healthcare by 55.6% in the 4th quarter. Empowered Funds LLC now owns 129,431 shares of the company's stock worth $16,338,000 after buying an additional 46,270 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of Tenet Healthcare by 1,352.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 523 shares of the company's stock worth $66,000 after buying an additional 487 shares during the last quarter. Lecap Asset Management Ltd. grew its position in shares of Tenet Healthcare by 152.7% in the 4th quarter. Lecap Asset Management Ltd. now owns 4,189 shares of the company's stock worth $529,000 after buying an additional 2,531 shares during the last quarter. Hedeker Wealth LLC bought a new stake in shares of Tenet Healthcare in the 4th quarter worth approximately $2,461,000. Finally, State of Alaska Department of Revenue grew its position in shares of Tenet Healthcare by 96.1% in the 4th quarter. State of Alaska Department of Revenue now owns 21,849 shares of the company's stock worth $2,757,000 after buying an additional 10,710 shares during the last quarter. 95.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

THC has been the topic of a number of recent analyst reports. StockNews.com lowered Tenet Healthcare from a "buy" rating to a "hold" rating in a research report on Thursday. Raymond James lowered Tenet Healthcare from a "strong-buy" rating to an "outperform" rating and set a $195.00 price target on the stock. in a research report on Friday, November 22nd. The Goldman Sachs Group lowered Tenet Healthcare from a "buy" rating to a "neutral" rating and dropped their price target for the company from $196.00 to $140.00 in a research report on Monday, December 16th. UBS Group lifted their price target on Tenet Healthcare from $197.00 to $217.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $177.00 price target on shares of Tenet Healthcare in a research report on Thursday. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $163.19.

Tenet Healthcare Stock Down 0.1 %

NYSE THC traded down $0.17 during midday trading on Friday, hitting $133.40. 1,991,865 shares of the company traded hands, compared to its average volume of 1,250,669. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.58 and a quick ratio of 1.52. The company has a market cap of $12.69 billion, a PE ratio of 4.27, a price-to-earnings-growth ratio of 0.63 and a beta of 2.05. The company's 50-day simple moving average is $133.32 and its 200-day simple moving average is $148.13. Tenet Healthcare Co. has a 52 week low of $88.57 and a 52 week high of $171.20.

Tenet Healthcare (NYSE:THC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $3.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.95 by $0.49. Tenet Healthcare had a return on equity of 24.05% and a net margin of 14.91%. As a group, equities research analysts forecast that Tenet Healthcare Co. will post 11.37 earnings per share 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.