Talon Private Wealth LLC Raises Position in Tenet Healthcare Corporation $THC

Talon Private Wealth LLC increased its holdings in shares of Tenet Healthcare Corporation (NYSE:THC) by 35.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,097 shares of the company’s stock after buying an additional 6,044 shares during the quarter. Talon Private Wealth LLC’s holdings in Tenet Healthcare were worth $4,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its stake in shares of Tenet Healthcare by 18,362.2% during the second quarter. California State Teachers Retirement System now owns 18,885,726 shares of the company’s stock worth $3,533,142,000 after acquiring an additional 18,783,432 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Tenet Healthcare by 1.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,490,350 shares of the company’s stock worth $1,488,484,000 after purchasing an additional 119,809 shares during the last quarter. Boston Partners raised its holdings in shares of Tenet Healthcare by 15.7% in the fourth quarter. Boston Partners now owns 3,642,136 shares of the company’s stock worth $723,804,000 after buying an additional 494,581 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Tenet Healthcare by 20.3% during the fourth quarter. AQR Capital Management LLC now owns 2,256,539 shares of the company’s stock worth $448,419,000 after buying an additional 380,116 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of Tenet Healthcare by 8.0% during the second quarter. Ameriprise Financial Inc. now owns 2,119,423 shares of the company’s stock valued at $373,020,000 after buying an additional 157,109 shares during the last quarter. 95.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. TD Cowen lifted their price target on Tenet Healthcare from $233.00 to $263.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Morgan Stanley raised their price objective on Tenet Healthcare from $254.00 to $274.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Truist Financial lifted their target price on Tenet Healthcare from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Zacks Research upgraded shares of Tenet Healthcare from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Mizuho set a $290.00 price objective on shares of Tenet Healthcare in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $275.53.

Tenet Healthcare Stock Performance

Shares of NYSE THC traded down $0.45 during trading on Friday, reaching $263.01. 588,085 shares of the company traded hands, compared to its average volume of 1,197,213. Tenet Healthcare Corporation has a 12-month low of $157.58 and a 12-month high of $283.05. The company has a current ratio of 1.41, a quick ratio of 1.35 and a debt-to-equity ratio of 2.00. The stock has a market cap of $21.18 billion, a P/E ratio of 10.14, a PEG ratio of 1.03 and a beta of 1.23. The firm’s fifty day simple moving average is $243.84 and its 200 day simple moving average is $212.04.

Tenet Healthcare (NYSE:THC) last posted its earnings results on Thursday, July 23rd. The company reported $6.12 EPS for the quarter, topping the consensus estimate of $4.26 by $1.86. Tenet Healthcare had a return on equity of 26.76% and a net margin of 10.27%.The firm had revenue of $6.04 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same period last year, the company earned $4.02 earnings per share. Tenet Healthcare’s revenue for the quarter was up 6.8% compared to the same quarter last year. Tenet Healthcare has set its FY 2026 guidance at 20.300-21.690 EPS. As a group, research analysts anticipate that Tenet Healthcare Corporation will post 21.04 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Lisa Foo sold 24,000 shares of Tenet Healthcare stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $266.32, for a total transaction of $6,391,680.00. Following the completion of the transaction, the executive vice president directly owned 8,053 shares of the company’s stock, valued at $2,144,674.96. The trade was a 74.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tammy Romo sold 4,922 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $264.15, for a total transaction of $1,300,146.30. Following the sale, the director directly owned 30,784 shares in the company, valued at $8,131,593.60. This trade represents a 13.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 109,189 shares of company stock worth $29,264,109. 0.97% of the stock is currently owned by corporate insiders.

Tenet Healthcare Company Profile

Tenet Healthcare Corporation (NYSE: THC) is a diversified healthcare services company that owns and operates acute care hospitals and other healthcare facilities in the United States. Its hospitals provide services including emergency care, surgery, cardiovascular care, orthopedics, oncology, women’s health and other inpatient and outpatient treatments.

Through its ambulatory business, United Surgical Partners International, Tenet operates and manages ambulatory surgery centers and other outpatient facilities.