118,570 Shares in Tenet Healthcare Corp (NYSE:THC) Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC acquired a new stake in Tenet Healthcare Corp (NYSE:THC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 118,570 shares of the company’s stock, valued at approximately $2,032,000. Voloridge Investment Management LLC owned about 0.12% of Tenet Healthcare as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its holdings in Tenet Healthcare by 1,653.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 565,569 shares of the company’s stock worth $33,000 after buying an additional 533,313 shares during the last quarter. Enlightenment Research LLC acquired a new position in Tenet Healthcare during the fourth quarter worth $36,000. Pearl River Capital LLC acquired a new position in Tenet Healthcare during the fourth quarter worth $41,000. Bessemer Group Inc. raised its holdings in shares of Tenet Healthcare by 346.3% in the fourth quarter. Bessemer Group Inc. now owns 3,325 shares of the company’s stock valued at $57,000 after purchasing an additional 2,580 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new position in Tenet Healthcare during the fourth quarter valued at about $67,000.

Shares of NYSE:THC traded down $0.17 during mid-day trading on Monday, reaching $28.84. 699,800 shares of the company traded hands, compared to its average volume of 1,347,197. The company has a market cap of $2.99 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 0.56 and a beta of 1.83. The company has a current ratio of 1.20, a quick ratio of 1.12 and a debt-to-equity ratio of 21.32. Tenet Healthcare Corp has a 52 week low of $16.60 and a 52 week high of $39.74.

Tenet Healthcare (NYSE:THC) last announced its quarterly earnings data on Monday, February 25th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.27. The company had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.50 billion. Tenet Healthcare had a return on equity of 30.43% and a net margin of 0.61%. The firm’s revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 EPS. Equities research analysts predict that Tenet Healthcare Corp will post 2.26 earnings per share for the current fiscal year.

THC has been the topic of a number of recent analyst reports. Raymond James raised their target price on shares of Tenet Healthcare from $37.00 to $47.00 in a research note on Wednesday, February 27th. Citigroup boosted their target price on Tenet Healthcare from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Mizuho reissued a “buy” rating and issued a $28.00 target price on shares of Tenet Healthcare in a research report on Monday, January 28th. Zacks Investment Research raised Tenet Healthcare from a “sell” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Tuesday, January 15th. Finally, Stephens started coverage on Tenet Healthcare in a research report on Monday, January 14th. They issued an “equal weight” rating and a $23.00 target price for the company. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $30.71.

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Tenet Healthcare Profile

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

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Institutional Ownership by Quarter for Tenet Healthcare (NYSE:THC)

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