Tenet Healthcare Co. (NYSE:THC) Shares Acquired by GDS Wealth Management

GDS Wealth Management boosted its holdings in Tenet Healthcare Co. (NYSE:THC - Free Report) by 1,162.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 38,596 shares of the company's stock after buying an additional 35,538 shares during the period. GDS Wealth Management's holdings in Tenet Healthcare were worth $4,872,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. One Wealth Advisors LLC boosted its holdings in shares of Tenet Healthcare by 72.0% during the 4th quarter. One Wealth Advisors LLC now owns 3,176 shares of the company's stock valued at $401,000 after purchasing an additional 1,330 shares during the last quarter. Financial Strategies Group Inc. lifted its position in shares of Tenet Healthcare by 38.2% in the fourth quarter. Financial Strategies Group Inc. now owns 3,364 shares of the company's stock worth $431,000 after buying an additional 929 shares in the last quarter. Spire Wealth Management grew its holdings in Tenet Healthcare by 19.5% during the 4th quarter. Spire Wealth Management now owns 558 shares of the company's stock valued at $70,000 after buying an additional 91 shares in the last quarter. Precision Wealth Strategies LLC boosted its position in shares of Tenet Healthcare by 9.6% during the 4th quarter. Precision Wealth Strategies LLC now owns 3,486 shares of the company's stock valued at $440,000 after acquiring an additional 304 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. bought a new position in shares of Tenet Healthcare during the 4th quarter valued at approximately $410,000. 95.44% of the stock is currently owned by hedge funds and other institutional investors.

Tenet Healthcare Stock Up 0.6 %

Shares of NYSE:THC traded up $0.83 during trading hours on Friday, hitting $140.63. The company's stock had a trading volume of 689,247 shares, compared to its average volume of 1,023,790. 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 firm's fifty day moving average price is $133.96 and its 200 day moving average price is $148.59. Tenet Healthcare Co. has a 52 week low of $86.70 and a 52 week high of $171.20. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 4.51, a P/E/G ratio of 0.63 and a beta of 2.05.

Analyst Upgrades and Downgrades

A number of brokerages have commented on THC. Royal Bank of Canada lifted their price objective on shares of Tenet Healthcare from $174.00 to $183.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Cantor Fitzgerald upped their price objective on Tenet Healthcare from $168.00 to $177.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Barclays boosted their target price on Tenet Healthcare from $171.00 to $190.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. Raymond James lowered shares of Tenet Healthcare from a "strong-buy" rating to an "outperform" rating and set a $195.00 price objective for the company. in a research note on Friday, November 22nd. Finally, Truist Financial reduced their target price on shares of Tenet Healthcare from $190.00 to $175.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $165.00.

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.