Recent changes in Tenet Healthcare’s stock holdings show that big investors are active. Vanguard Group increased its stake by 1.6%, owning 11,110,396 shares valued at $839.6 million after buying 172,913 shares. BNP Paribas Financial Markets raised its position by 113.5%, now holding 54,878 shares valued at $5.8 million after acquiring 29,172 shares. Headlands Technologies bought a new stake of about $410,000, while First Light Asset Management invested $14.7 million in the fourth quarter. VitalStone Financial also took a new position worth $451,000. Overall, institutional investors control 95.44% of Tenet Healthcare’s stock.
Insider Transactions
Insider R. Scott Ramsey sold 11,599 shares on September 5, totaling nearly $1.88 million. After the sale, he holds 6,324 shares worth about $1.02 million. Another insider, Richard W. Fisher, sold 2,000 shares on August 27 for $327,340, maintaining ownership of 14,227 shares valued at approximately $2.33 million. In total, insiders sold 128,203 shares worth nearly $19.8 million in the past three months, owning 0.93% of the stock.
Stock Performance Overview
Tenet Healthcare’s stock opened at $152.87, with a market cap of $14.93 billion. The PE ratio stands at 5.93, with a 12-month range between $51.04 and $171.20. The company reported $2.31 earnings per share on July 24, surpassing expectations, with a revenue of $5.10 billion. They also announced a $1.50 billion share buyback plan, indicating the board’s belief in undervaluation.
Analyst Ratings
Several analysts have given Tenet Healthcare positive ratings. Cantor Fitzgerald set a price target of $168.00, while Raymond James increased their target from $130.00 to $175.00. Wells Fargo and UBS also raised their targets to $175.00 and $197.00, respectively. MarketBeat reports a consensus rating of “Buy” with a target of $152.69.
Company Overview
Tenet Healthcare operates as a healthcare services provider in the U.S., offering services through general hospitals and outpatient care centers.
Related Links
- Five stocks we like better than Tenet Healthcare
- Understanding the Dogs of the Dow Strategy
- Ciena Stock and the AI Cloud Boom
- Overview of the Hang Seng Index
- Affirm’s Profitability with Rate Cuts
- Using the MarketBeat Dividend Calculator
- RPM International’s Success in the Construction Sector
Check what hedge funds hold in THC: Visit HoldingsChannel.com for the latest filings and trades.
Stay Updated on Tenet Healthcare: Enter your email for a daily summary of news and analyst ratings with MarketBeat.com’s FREE daily newsletter.
`
