Representative Lisa C. McClain (R-Michigan) recently sold shares of Tenet Healthcare Corporation NYSE: THC. In a filing disclosed on September 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Tenet Healthcare stock on August 4th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.
Representative Lisa C. McClain also recently made the following trade(s):
- Sold $50,001 - $100,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 8/28/2025.
- Purchased $1,001 - $15,000 in shares of ACI Worldwide NASDAQ: ACIW on 8/19/2025.
- Purchased $1,001 - $15,000 in shares of HCA Healthcare NYSE: HCA on 8/19/2025.
- Sold $1,001 - $15,000 in shares of Amedisys NASDAQ: AMED on 8/18/2025.
- Purchased $1,001 - $15,000 in shares of Kite Realty Group Trust NYSE: KRG on 8/13/2025.
- Sold $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 8/13/2025.
- Purchased $1,001 - $15,000 in shares of JD.com NASDAQ: JD on 8/13/2025.
- Sold $1,001 - $15,000 in shares of Trade Desk NASDAQ: TTD on 8/13/2025.
- Sold $1,001 - $15,000 in shares of US Foods NYSE: USFD on 8/13/2025.
- Purchased $1,001 - $15,000 in shares of Agree Realty NYSE: ADC on 8/13/2025.
Tenet Healthcare Stock Down 0.1%
Shares of NYSE THC traded down $0.20 during midday trading on Friday, reaching $190.09. 3,491,692 shares of the company's stock traded hands, compared to its average volume of 1,084,422. The company has a market cap of $16.79 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 0.81 and a beta of 1.55. Tenet Healthcare Corporation has a one year low of $109.82 and a one year high of $199.99. The company has a quick ratio of 1.63, a current ratio of 1.71 and a debt-to-equity ratio of 2.39. The stock's 50 day simple moving average is $175.25 and its 200-day simple moving average is $157.09.
Tenet Healthcare (NYSE:THC - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $4.02 earnings per share for the quarter, beating the consensus estimate of $2.84 by $1.18. The company had revenue of $5.27 billion during the quarter, compared to the consensus estimate of $5.16 billion. Tenet Healthcare had a net margin of 7.17% and a return on equity of 24.69%. Tenet Healthcare's revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $2.31 earnings per share. Tenet Healthcare has set its FY 2025 guidance at 15.550-16.210 EPS. On average, analysts predict that Tenet Healthcare Corporation will post 12.24 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on THC. Stephens raised shares of Tenet Healthcare to a "strong-buy" rating in a report on Monday, June 2nd. Robert W. Baird cut their price objective on shares of Tenet Healthcare from $195.00 to $167.00 and set a "neutral" rating for the company in a report on Friday, July 25th. Barclays boosted their target price on shares of Tenet Healthcare from $208.00 to $229.00 and gave the stock an "overweight" rating in a research note on Thursday. UBS Group boosted their price target on shares of Tenet Healthcare from $230.00 to $238.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley boosted their target price on shares of Tenet Healthcare from $175.00 to $210.00 and gave the company an "overweight" rating in a report on Monday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $196.81.
Check Out Our Latest Analysis on THC
Hedge Funds Weigh In On Tenet Healthcare
A number of large investors have recently made changes to their positions in the stock. Nuveen LLC purchased a new position in Tenet Healthcare during the 1st quarter valued at about $218,549,000. Ameriprise Financial Inc. grew its holdings in shares of Tenet Healthcare by 348.4% during the first quarter. Ameriprise Financial Inc. now owns 1,962,314 shares of the company's stock worth $263,905,000 after buying an additional 1,524,642 shares in the last quarter. Norges Bank purchased a new stake in shares of Tenet Healthcare during the second quarter worth about $206,981,000. Boston Partners boosted its position in shares of Tenet Healthcare by 95.0% in the second quarter. Boston Partners now owns 2,267,142 shares of the company's stock worth $398,949,000 after acquiring an additional 1,104,500 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Tenet Healthcare by 375.7% in the second quarter. Alliancebernstein L.P. now owns 790,254 shares of the company's stock worth $139,085,000 after acquiring an additional 624,125 shares during the last quarter. Hedge funds and other institutional investors own 95.44% of the company's stock.
Insider Activity
In other Tenet Healthcare news, CEO Saumya Sutaria sold 78,762 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $190.78, for a total transaction of $15,026,214.36. Following the completion of the sale, the chief executive officer owned 368,683 shares in the company, valued at $70,337,342.74. The trade was a 17.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher S. Lynch sold 3,952 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $176.39, for a total transaction of $697,093.28. Following the sale, the director owned 12,358 shares of the company's stock, valued at approximately $2,179,827.62. The trade was a 24.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,722 shares of company stock worth $17,161,015 over the last 90 days. Company insiders own 0.81% of the company's stock.
About Representative McClain
Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.
McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election.
Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.
About Tenet Healthcare
(
Get Free Report)
Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States. The company operates through two segments: Hospital Operations and Services, and Ambulatory Care. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.
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