Recently, several institutional investors made changes to their Tenet Healthcare holdings. Vanguard Group increased its stake by 1.6% in Q4, owning 11,110,396 shares valued at $839.6 million after buying 172,913 additional shares. BNP Paribas Financial Markets boosted its position by 113.5% in Q1, now holding 54,878 shares worth $5.8 million after a 29,172-share purchase. Headlands Technologies LLC and First Light Asset Management LLC also bought new stakes worth $410,000 and $14.7 million, respectively. VitalStone Financial LLC purchased shares valued at $451,000. Overall, institutional investors and hedge funds own 95.44% of the company’s stock.
Insider Trading at Tenet Healthcare
Insider R. Scott Ramsey sold 11,599 shares on September 5 at an average price of $162.06, totaling approximately $1.88 million. After the sale, Ramsey retains 6,324 shares worth about $1 million. Additionally, Director Richard W. Fisher sold 2,000 shares on August 27 for $327,340. Insiders sold 128,203 shares worth $19.75 million over the past three months, owning 0.93% of the stock.
Tenet Healthcare Stock Overview
Tenet Healthcare’s stock opened at $152.87, with a market cap of $14.93 billion. Its 12-month low is $51.04, and the high is $171.20. The company reported earnings of $2.31 per share in its latest quarter, surpassing the $1.89 estimate, with revenues of $5.10 billion. The board approved a $1.50 billion stock buyback plan, indicating they believe the shares are undervalued.
Analyst Ratings
Several analysts have rated Tenet Healthcare: Cantor Fitzgerald gave an “overweight” rating with a price target of $168.00. Raymond James set their price target at $175.00, while Wells Fargo raised theirs to the same level. UBS Group increased their target to $197.00, and Citigroup set a target of $171.00. Overall, analysts recommend a “Buy” for the stock, which has a consensus price target of $152.69.
Check Out Our Latest Stock Analysis on Tenet Healthcare
About Tenet Healthcare
Tenet Healthcare Corporation is a diversified U.S healthcare services provider, operating in Hospital Operations and Services, as well as Ambulatory Care.
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