Savant Capital LLC Has $3.43 Million Stake in Tenet Healthcare Corporation $THC

Savant Capital LLC boosted its position in Tenet Healthcare Corporation (NYSE:THC) by 27.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,894 shares of the company’s stock after purchasing an additional 3,647 shares during the quarter. Savant Capital LLC’s holdings in Tenet Healthcare were worth $3,430,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AlphaQuest LLC increased its stake in Tenet Healthcare by 230.8% in the second quarter. AlphaQuest LLC now owns 1,763 shares of the company’s stock valued at $310,000 after acquiring an additional 1,230 shares during the last quarter. WCM Investment Management LLC increased its stake in shares of Tenet Healthcare by 244.4% in the 3rd quarter. WCM Investment Management LLC now owns 510,224 shares of the company’s stock valued at $102,657,000 after purchasing an additional 362,083 shares during the last quarter. Winnow Wealth LLC acquired a new position in shares of Tenet Healthcare during the 3rd quarter worth $1,129,000. Cerity Partners LLC boosted its stake in Tenet Healthcare by 10.4% in the second quarter. Cerity Partners LLC now owns 120,623 shares of the company’s stock valued at $21,230,000 after buying an additional 11,395 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Tenet Healthcare during the third quarter worth about $1,648,000. Institutional investors and hedge funds own 95.44% of the company’s stock.

Insider Activity

In related news, Director Nadja West sold 2,178 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $197.47, for a total transaction of $430,089.66. Following the transaction, the director directly owned 28,480 shares of the company’s stock, valued at $5,623,945.60. This represents a 7.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is owned by insiders.

Tenet Healthcare Trading Up 2.9%

NYSE THC opened at $201.60 on Friday. Tenet Healthcare Corporation has a one year low of $109.82 and a one year high of $222.82. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.71 and a quick ratio of 1.64. The business has a 50 day simple moving average of $198.59 and a 200 day simple moving average of $192.58. The stock has a market capitalization of $17.72 billion, a P/E ratio of 13.82, a P/E/G ratio of 0.83 and a beta of 1.44.

Analyst Ratings Changes

Several equities research analysts recently issued reports on THC shares. Morgan Stanley reaffirmed an “overweight” rating and set a $247.00 price target on shares of Tenet Healthcare in a report on Thursday, December 18th. The Goldman Sachs Group initiated coverage on shares of Tenet Healthcare in a report on Tuesday, October 14th. They set a “buy” rating and a $224.00 price target for the company. JPMorgan Chase & Co. raised their price objective on Tenet Healthcare from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. Truist Financial reaffirmed a “buy” rating and issued a $240.00 target price (up previously from $225.00) on shares of Tenet Healthcare in a report on Monday, November 3rd. Finally, Wells Fargo & Company cut their price target on Tenet Healthcare from $252.00 to $229.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $233.88.

Tenet Healthcare Company Profile

Tenet Healthcare Corporation (NYSE: THC) is a diversified American healthcare services company that owns and operates acute care hospitals and a broad range of outpatient facilities. Its portfolio includes general acute-care hospitals, specialty hospitals, ambulatory surgery centers, urgent care and diagnostic imaging centers, and other ancillary service locations. Tenet’s operations are oriented around delivering inpatient and outpatient clinical care across multiple medical specialties, with an emphasis on surgical services, emergency care, and advanced diagnostics.

In addition to facility-based care, Tenet provides integrated services designed to support clinical operations and improve patient access and care coordination.