About Tenet Healthcare Corp
Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company operates through three segments: Hospital Operations and other, Ambulatory Care and Conifer. With its networks, including acute care and specialty hospitals, which are engaged in providing outpatient facilities and related businesses, the Company provides a range of healthcare services in the communities it serve. It operates approximately 90 hospitals, 20 short-stay surgical hospitals, 475 outpatient centers, nine facilities in the United Kingdom and six health plans through its subsidiaries, partnerships and joint ventures. In addition, its Conifer Holdings, Inc. (Conifer) subsidiary provide healthcare business process services in the areas of revenue cycle management and technology-enabled performance improvement and health management solutions to health systems.
Industry, Sector and Symbol:
- Sector: Medical
- Industry: Hospitals
- Sub-Industry: Health Care Facilities
- Exchange: NYSE
- Symbol: THC
- CUSIP: 88033G40
- Previous Close: $20.79
- 50 Day Moving Average: $18.48
- 200 Day Moving Average: $19.71
- 52-Week Range: $14.06 - $34.08
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 10.66
- P/E Growth: 2.40
- Market Cap: $2.18B
- Outstanding Shares: 99,635,000
- Beta: 1.3
- Net Margins: -1.04%
- Return on Equity: 12.75%
- Return on Assets: 0.56%
Companies Related to Tenet Healthcare Corp:
- Debt-to-Equity Ratio: 12.29%
- Current Ratio: 1.13%
- Quick Ratio: 1.05%
What is Tenet Healthcare Corp's stock symbol?
Tenet Healthcare Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "THC."
Where is Tenet Healthcare Corp's stock going? Where will Tenet Healthcare Corp's stock price be in 2017?
19 equities research analysts have issued 12 month price objectives for Tenet Healthcare Corp's stock. Their predictions range from $16.00 to $39.00. On average, they anticipate Tenet Healthcare Corp's stock price to reach $30.20 in the next year.
When will Tenet Healthcare Corp announce their earnings?
Tenet Healthcare Corp is scheduled to release their next quarterly earnings announcement on Monday, February, 27th 2017.
What are analysts saying about Tenet Healthcare Corp stock?
Here are some recent quotes from research analysts about Tenet Healthcare Corp stock:
- Mizuho analysts commented, "Part of the job of an analyst is to connect disparate pieces of information in order to validate, reject or create an investment thesis. We connect THC's January comments about cost cutting initiatives & potential asset sales with reports from Detroit & other markets regarding the possible depth, immediacy and impact of those cuts, CYH's recent success with the same strategy and then estimate the potential impact on EBITDA and valuation. The conclusion we reach is that our Underperform rating was no longer valid. We raise our rating to Neutral and our PT to $22.80 from $13." (2/24/2017)
According to Zacks Investment Research, "Tenet Healthcare’s consistent growth in operating revenues backed by its prudent inorganic growth story remains the major strength. In addition, frequent product launches and sound capital structure also help in driving profitability. The company also enjoys a strong competitive advantage in benefiting from extended insurance coverage. Going ahead, the Vanguard acquisition, divestitures and an impressive inorganic profile are expected to be accretive to earnings as well. However, for serving a large number of uninsured and underinsured patients with a high burden of co-payments and deductibles, the company has a high level of uncollectible accounts and suffering from rising bad debts. It also has been experiencing high levels of operating expenses over past few years. Deployment of a substantial part of its cash flow in paying the interests on its debts also keeps the bottom line under pressure." (10/4/2016)
Who owns Tenet Healthcare Corp stock?
Tenet Healthcare Corp's stock is owned by many different of retail and institutional investors. Top institutional investors include Glenview Capital Management LLC (17.96%), Orbimed Advisors LLC (3.73%), FMR LLC (2.57%), State Street Corp (2.31%), Dimensional Fund Advisors LP (1.60%) and Elliott Management Corp (1.50%). Company insiders that own Tenet Healthcare Corp stock include Glenview Capital Management, L, Peter M Wilver, R Scott Ramsey, Ronald A Rittenmeyer and Trevor Fetter.
Who sold Tenet Healthcare Corp stock? Who is selling Tenet Healthcare Corp stock?
Tenet Healthcare Corp's stock was sold by a variety of institutional investors in the last quarter, including Oxford Asset Management, Federated Investors Inc. PA, Gabelli Funds LLC, Tudor Investment Corp Et Al, State Street Corp, Trexquant Investment LP, Metropolitan Life Insurance Co. NY and Aberdeen Asset Management PLC UK.
Who bought Tenet Healthcare Corp stock? Who is buying Tenet Healthcare Corp stock?
Tenet Healthcare Corp's stock was bought by a variety of institutional investors in the last quarter, including Glenview Capital Management LLC, Orbimed Advisors LLC, Elliott Management Corp, Renaissance Technologies LLC, Stonehill Capital Management LLC, FMR LLC, Allianz Asset Management AG and Rudman Errol M. Company insiders that have bought Tenet Healthcare Corp stock in the last two years include Glenview Capital Management, L, Peter M Wilver and Ronald A Rittenmeyer.
How do I buy Tenet Healthcare Corp stock?
Shares of Tenet Healthcare Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Tenet Healthcare Corp stock cost?
One share of Tenet Healthcare Corp stock can currently be purchased for approximately $20.79.