Tenet Healthcare accelerates deal to rejoin Humana's network

Xavier Trudeau
Juin 3, 2017

The average volume stands around 4.49 million shares. Mizuho upgraded Tenet Healthcare Corp (NYSE:THC) rating on Friday, February 24. Mizuho restated a "neutral" rating and issued a $18.00 target price on shares of Tenet Healthcare Corp in a report on Sunday, April 23rd. Mizuho maintained Tenet Healthcare Corp (NYSE:THC) on Monday, March 27 with "Neutral" rating. The firm has "Neutral" rating given on Wednesday, December 2 by Mizuho.

Tenet Healthcare Corp (NYSE:THC) last released its quarterly earnings data on Monday, May 1st. The stock has "Mkt Perform" rating by Raymond James on Thursday, November 10. Are investors supposed to sell when the stock hits the target?

Intec Pharma Limited Ord (NASDAQ:NTEC) had a decrease of 67.33% in short interest. THC's total short interest was 19.32 million shares in June as published by FINRA. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. The SI to Tenet Healthcare Corporation New's float is 25.46%. It closed at $5.6 lastly. Ross Stores, Inc. (NASDAQ:ROST) has risen 12.03% since June 2, 2016 and is uptrending. It has outperformed by 80.12% the S&P500.

While there are a number of profitability ratios that measure a company's ability to generate profit from the sales or services it provides, one of the most important is the net profit margin.

Analyst's Analysis on Tenet Healthcare Corp. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. It now has negative earnings. The Company's divisions include Hospital Operations and Other, Ambulatory Care and Conifer.

Tenet Healthcare Corp earned a news sentiment score of 0.23 on Alpha One's scale. Its up 0.15, from 0.81 in 2016Q3. It increased, as 53 investors sold Tenet Healthcare Corp shares while 70 reduced holdings. First Mercantile Trust Co. raised its stake in shares of Tenet Healthcare Corp by 23.8% in the first quarter. The firm has "Neutral" rating given on Wednesday, May 4 by Citigroup. Clearbridge Investments Ltd Liability Corporation owns 1,100 shares or 0% of their U.S. portfolio.

Winfield Associates Inc holds 0% or 35 shares. At recent closing price of $3.66, GNW has a chance to add $0.34 or 9.29% in 52 weeks, based on mean target price ($4) placed by analysts.The analyst consensus opinion of 3 looks like a hold.

Insider Trades for Tenet Healthcare Corp. show that the latest trade was made on 8 May 2017 where Gaines (Brenda J), the Director completed a transaction type "Buy" in which 3833 shares were traded at a price of $0. Jane Street Grp Inc Ltd reported 228,490 shares. The company reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.52) by $0.25. Baird Financial Group Inc.'s holdings in Tenet Healthcare Corp were worth $583,000 at the end of the most recent quarter. State Treasurer State of MI now owns 32,400 shares of the company's stock valued at $574,000 after buying an additional 400 shares during the period.

The stock of Tenet Healthcare Corporation New (NYSE:THC) registered a decrease of 9.03% in short interest. Evercore Wealth Management Limited Liability Company has 0% invested in Tenet Healthcare Corp (NYSE:THC) for 65 shares. Principal Fincl Group Inc invested in 323,611 shares or 0.01% of the stock. Commonwealth Of Pennsylvania Pub School Empls Retrmt has invested 0% in Tenet Healthcare Corp (NYSE:THC). Bnp Paribas Arbitrage Sa holds 0% or 30,031 shares in its portfolio. (THC), we can see that the stock moved -5.54% for the last five trades. Tenet Healthcare Corp (NYSE:THC)'s price to free cash flow for trailing twelve months is 7.4. It has underperformed by 53.51% the S&P500. Deutsche Bank AG started coverage on Tenet Healthcare Corp in a report on Tuesday, April 4th. They expect $-0.36 earnings per share, down 194.74% or $0.74 from last year's $0.38 per share.

Having a peek at growth estimates of the company, Tenet Healthcare Corp (NYSE:THC) has current quarter growth estimates of -144.7% however it has -62.5% estimations over growth for the next quarter.

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