Schroder Investment Management Group increased its stake in shares of Tenet Healthcare Corp. (NYSE:THC) by 26.8% during the second quarter, Holdings Channel reports. The firm owned 90,571 shares of the company’s stock after buying an additional 19,122 shares during the period. Schroder Investment Management Group owned about 0.09% of Tenet Healthcare Corp. worth $2,503,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bridger Management LLC acquired a new stake in Tenet Healthcare Corp. during the first quarter valued at approximately $25,113,000. State Street Corp increased its stake in shares of Tenet Healthcare Corp. by 0.5% in the first quarter. State Street Corp now owns 3,613,092 shares of the company’s stock valued at $104,526,000 after buying an additional 16,880 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Tenet Healthcare Corp. by 5.3% in the first quarter. TIAA CREF Investment Management LLC now owns 641,140 shares of the company’s stock valued at $18,548,000 after buying an additional 32,160 shares during the period. Geode Capital Management LLC increased its stake in shares of Tenet Healthcare Corp. by 1.1% in the first quarter. Geode Capital Management LLC now owns 793,231 shares of the company’s stock valued at $22,910,000 after buying an additional 8,677 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Tenet Healthcare Corp. during the first quarter valued at approximately $399,000.

Tenet Healthcare Corp. (NYSE:THC) traded up 1.59% on Thursday, reaching $21.71. 1,208,452 shares of the company were exchanged. Tenet Healthcare Corp. has a 12-month low of $20.93 and a 12-month high of $43.96. The firm’s market capitalization is $2.16 billion. The stock has a 50 day moving average of $24.50 and a 200 day moving average of $28.05.

Tenet Healthcare Corp. (NYSE:THC) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.14. The firm had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.82 billion. Tenet Healthcare Corp. had a negative net margin of 1.15% and a positive return on equity of 14.47%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. Equities analysts anticipate that Tenet Healthcare Corp. will post $1.55 EPS for the current year.

Several brokerages recently commented on THC. Zacks Investment Research upgraded shares of Tenet Healthcare Corp. from a “strong sell” rating to a “hold” rating in a research report on Friday, September 2nd. Ladenburg Thalmann upgraded shares of Tenet Healthcare Corp. from a “not rated” rating to an “underperform” rating in a research report on Monday, June 13th. Credit Suisse Group AG restated a “hold” rating on shares of Tenet Healthcare Corp. in a research report on Tuesday, June 28th. Leerink Swann restated a “market perform” rating and issued a $28.00 price target (down previously from $30.00) on shares of Tenet Healthcare Corp. in a research report on Sunday, September 4th. Finally, Morgan Stanley restated a “hold” rating and issued a $38.00 price target on shares of Tenet Healthcare Corp. in a research report on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. Tenet Healthcare Corp. presently has a consensus rating of “Hold” and a consensus price target of $33.72.

Tenet Healthcare Corp. Company Profile

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.

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