Published: Sat, January 13, 2018
Sport | By Wilson Duncan

Tenet Healthcare Corporation (NYSE:THC) Stock Through Resistance -- Technicals Hit Extreme Strength


Coastline Trust Co decreased its stake in Monsanto Co New (MON) by 41.58% based on its latest 2017Q3 regulatory filing with the SEC. Commerce Bank sold 61,577 shares as the company's stock rose 9.90% with the market. About 4.76 million shares traded or 44.83% up from the average. Haverford Trust Company who had been investing in Toronto for a number of months, seems to be bullish on the $106.61B market cap company. The stock increased 0.86% or $0.3 during the last trading session, reaching $35.13. At one point in the past year, the shares traded as low as $52.23 but has recovered 39.4% since then. (NYSE:AI) has risen 15.91% since January 11, 2017 and is uptrending. It has underperformed by 1.24% the S&P500. Riverhead Capital Management LLC lifted its position in shares of Tenet Healthcare by 67.3% during the second quarter. The stock increased 4.47% or $0.66 during the last trading session, reaching $15.43. About 783,873 shares traded.

Tenet Healthcare Corporation (NYSE:THC) announced today that it has completed the sale of its Philadelphia-area acute care hospitals and related operations to American Academic Health System, LLC (AAHS), an affiliate of Paladin Healthcare. It has underperformed by 53.51% the S&P500. It also reduced its holding in Pinnacle Foods Inc Del (NYSE:PF) by 195,311 shares in the quarter, leaving it with 254,689 shares, and cut its stake in Wen Hldg Inc. Ing Groep Nv reported 0.03% in Tenet Healthcare Corporation (NYSE:THC). Therefore 43% are positive. Robert W. Baird reaffirmed a "buy" rating and set a $23.00 target price on shares of Tenet Healthcare in a research report on Thursday, August 24th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Mizuho has "Neutral" rating and $34 target. Citigroup upgraded Tenet Healthcare from a "neutral" rating to a "buy" rating in a research note on Tuesday, December 12th. RBC Capital Markets maintained the shares of THC in report on Monday, October 30 with "Hold" rating. Alliancebernstein Lp has 0% invested in Tenet Healthcare Corporation (NYSE:THC) for 138,805 shares. The stock has "Underperform" rating by Ladenburg Thalmann on Monday, June 13. Mizuho maintained the stock with "Neutral" rating in Tuesday, December 19 report. The firm has "Underweight" rating by Morgan Stanley given on Wednesday, December 20. They issued a "neutral" rating and a $15.00 target price on the stock. (NYSE:THC) has "Hold" rating given on Monday, August 21 by RBC Capital Markets.

Short interest or otherwise called the percentage of a stock's tradable shares now being shorted is another data that investors use to get a handle on sentiment. Its up 0.08, from 1.25 in 2017Q2. It is positive, as 33 investors sold THC shares while 57 reduced holdings.


Several hedge funds have recently made changes to their positions in THC. According to Finviz reported data, the stock now has Earnings per Share (EPS) (ttm) of $-7.18. Edge Wealth Lc has 0% invested in Tenet Healthcare Corporation (NYSE:THC) for 60 shares. Below is a list of Tenet Healthcare Corporation (NYSE:THC) latest ratings and price target changes. (NYSE:THC). Hbk LP holds 0.05% or 404,982 shares. (NYSE:THC). Citigroup Incorporated accumulated 797 shares or 0% of the stock. The returns on assets were -0.20% that gives an idea about how efficient management is at using its assets to generate earnings. Point72 Asset LP holds 0.02% or 282,435 shares in its portfolio. The company had a trading volume of 5,450,700 shares, compared to its average volume of 2,302,733. First Mercantile Trust invested 0.03% in Tenet Healthcare Corporation (NYSE:THC). Taylor Asset Mngmt accumulated 12,000 shares. Mizuho upgraded Tenet Healthcare Corporation (NYSE:THC) rating on Friday, February 24. Carroll Finance invested in 0% or 101 shares. Moreover, Commonwealth Equity Svcs has 0% invested in Tenet Healthcare Corp. Cim Mangement stated it has 0.1% in Tenet Healthcare Corp. Glenmede Tru Na reported 1,440 shares or 0% of all its holdings. Its up 0.13, from 0.2 in 2017Q2. It turned negative, as 42 investors sold CNK shares while 87 reduced holdings. 109.53 million shares or 5.25% more from 104.06 million shares in 2017Q2 were reported. Cetera Advisors Llc owns 17,280 shares or 0.01% of their United States portfolio.

California Public Employees Retirement System decreased Kilroy Realty Corp (NYSE:KRC) stake by 14,554 shares to 176,725 valued at $12.57 million in 2017Q3. Ubs Oconnor Ltd Liability owns 50,000 shares. It also upped Vanguard (VEA) stake by 22,418 shares and now owns 428,712 shares. Deutsche Bank maintained Tenet Healthcare Corp. Grantham Mayo Van Otterloo And Ltd Liability Corp invested in 0.02% or 238,900 shares. Nomura Inc invested 0.01% in Tenet Healthcare Corp. The North Carolina-based Bank Of America Corp De has invested 0% in the stock.

Anchorage Capital Group Llc, which manages about $16.82 billion and $9.14 billion US Long portfolio, decreased its stake in Daseke Inc by 1.19 million shares to 750,867 shares, valued at $9.80M in 2017Q3, according to the filing.

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