Susquehanna Advisors Group Inc. Invests $1.89 Million in Tenet Healthcare Co. (NYSE:THC)

Susquehanna Advisors Group Inc. purchased a new position in shares of Tenet Healthcare Co. (NYSE:THC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,000 shares of the company's stock, valued at approximately $1,893,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank bought a new position in Tenet Healthcare in the 4th quarter valued at about $190,819,000. Wealthfront Advisers LLC bought a new position in shares of Tenet Healthcare in the fourth quarter valued at approximately $69,059,000. Raymond James Financial Inc. bought a new stake in Tenet Healthcare during the fourth quarter worth approximately $49,001,000. Renaissance Technologies LLC lifted its position in Tenet Healthcare by 579.2% in the fourth quarter. Renaissance Technologies LLC now owns 438,563 shares of the company's stock worth $55,360,000 after purchasing an additional 373,988 shares during the period. Finally, Bridgewater Associates LP increased its position in shares of Tenet Healthcare by 225.4% during the 4th quarter. Bridgewater Associates LP now owns 407,194 shares of the company's stock valued at $51,400,000 after purchasing an additional 282,071 shares during the period. Institutional investors own 95.44% of the company's stock.

Tenet Healthcare Stock Down 1.8 %

THC traded down $2.25 during trading on Friday, reaching $121.99. 1,181,748 shares of the stock traded hands, compared to its average volume of 1,513,890. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.78 and a quick ratio of 1.70. Tenet Healthcare Co. has a fifty-two week low of $92.01 and a fifty-two week high of $171.20. The stock's 50-day simple moving average is $126.50 and its two-hundred day simple moving average is $137.02. The stock has a market cap of $11.51 billion, a price-to-earnings ratio of 3.78, 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 EPS for the quarter, topping analysts' consensus estimates of $2.95 by $0.49. Tenet Healthcare had a return on equity of 21.88% and a net margin of 15.48%. As a group, equities research analysts expect that Tenet Healthcare Co. will post 12.24 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Morgan Stanley assumed coverage on Tenet Healthcare in a research note on Wednesday, March 26th. They set an "overweight" rating and a $165.00 target price for the company. KeyCorp lowered 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. Guggenheim started coverage on shares of Tenet Healthcare in a research note on Wednesday, April 9th. They set a "buy" rating and a $165.00 target price for the company. StockNews.com raised Tenet Healthcare from a "hold" rating to a "buy" rating in a report on Thursday, March 13th. Finally, TD Cowen initiated coverage on Tenet Healthcare in a research note on Wednesday, February 26th. They set a "buy" rating and a $175.00 price objective for the company. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Tenet Healthcare currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.44.

Insider Activity at Tenet Healthcare

In related news, Director J Robert Kerrey sold 9,525 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $125.43, for a total value of $1,194,720.75. Following the completion of the sale, the director now owns 27,378 shares in the company, valued at approximately $3,434,022.54. This trade represents a 25.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.81% of the stock is owned by company insiders.

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.