New York State Common Retirement Fund Sells 10,473 Shares of Tenet Healthcare Co. (NYSE:THC)

New York State Common Retirement Fund trimmed its holdings in Tenet Healthcare Co. (NYSE:THC - Free Report) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,634 shares of the company's stock after selling 10,473 shares during the period. New York State Common Retirement Fund's holdings in Tenet Healthcare were worth $5,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in THC. New Wave Wealth Advisors LLC acquired a new position in Tenet Healthcare during the fourth quarter valued at approximately $343,000. Swedbank AB raised its position in Tenet Healthcare by 100.0% during the fourth quarter. Swedbank AB now owns 40,000 shares of the company's stock valued at $5,049,000 after purchasing an additional 20,000 shares in the last quarter. Signet Financial Management LLC acquired a new position in Tenet Healthcare during the fourth quarter valued at approximately $1,526,000. China Universal Asset Management Co. Ltd. acquired a new position in Tenet Healthcare during the fourth quarter valued at approximately $410,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Tenet Healthcare during the fourth quarter valued at approximately $5,892,000. 95.44% of the stock is currently owned by institutional investors and hedge funds.

Tenet Healthcare Stock Down 1.9 %

Shares of NYSE THC traded down $2.37 during trading on Monday, hitting $124.22. 1,159,747 shares of the company traded hands, compared to its average volume of 1,402,667. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.70 and a current ratio of 1.78. Tenet Healthcare Co. has a fifty-two week low of $90.03 and a fifty-two week high of $171.20. The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of 3.85, a P/E/G ratio of 1.02 and a beta of 2.05. The business's fifty day moving average is $133.03 and its 200 day moving average is $146.99.

Tenet Healthcare (NYSE:THC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $3.44 earnings per share for the quarter, topping analysts' consensus estimates of $2.95 by $0.49. Tenet Healthcare had a net margin of 15.48% and a return on equity of 21.88%. Equities research analysts predict that Tenet Healthcare Co. will post 12.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

THC has been the topic of a number of research reports. Barclays decreased their target price on shares of Tenet Healthcare from $190.00 to $161.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. TD Cowen started coverage on shares of Tenet Healthcare in a research note on Wednesday, February 26th. They issued a "buy" rating and a $175.00 price objective on the stock. KeyCorp reduced their price objective on shares of Tenet Healthcare from $200.00 to $185.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Raymond James cut shares of Tenet Healthcare from a "strong-buy" rating to an "outperform" rating and set a $195.00 price objective on the stock. in a research note on Friday, November 22nd. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $177.00 price target on shares of Tenet Healthcare in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $163.88.

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.