Dimensional Fund Advisors LP cut its stake in Tenet Healthcare Corporation (NYSE:THC) by 3.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,545,132 shares of the company’s stock after selling 48,749 shares during the period. Dimensional Fund Advisors LP’s holdings in Tenet Healthcare Corporation were worth $27,366,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in Tenet Healthcare Corporation by 52.1% in the first quarter. PNC Financial Services Group Inc. now owns 6,618 shares of the company’s stock valued at $117,000 after buying an additional 2,266 shares during the last quarter. First Mercantile Trust Co. raised its stake in Tenet Healthcare Corporation by 23.8% in the first quarter. First Mercantile Trust Co. now owns 9,900 shares of the company’s stock valued at $175,000 after buying an additional 1,900 shares during the last quarter. Advantus Capital Management Inc raised its stake in Tenet Healthcare Corporation by 3.2% in the first quarter. Advantus Capital Management Inc now owns 10,223 shares of the company’s stock valued at $181,000 after buying an additional 317 shares during the last quarter. Segantii Capital Management Ltd acquired a new stake in Tenet Healthcare Corporation during the first quarter valued at about $186,000. Finally, Thrivent Financial for Lutherans raised its stake in Tenet Healthcare Corporation by 10.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,820 shares of the company’s stock valued at $205,000 after buying an additional 1,360 shares during the last quarter.

Shares of Tenet Healthcare Corporation (NYSE THC) traded down 0.77% on Friday, hitting $16.77. 2,636,471 shares of the stock traded hands. The stock’s market cap is $1.69 billion. The stock has a 50-day moving average price of $18.91 and a 200 day moving average price of $18.21. Tenet Healthcare Corporation has a 12-month low of $14.06 and a 12-month high of $28.08.

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Several research firms have recently issued reports on THC. Zacks Investment Research raised shares of Tenet Healthcare Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Credit Suisse Group increased their price objective on shares of Tenet Healthcare Corporation from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, May 5th. Leerink Swann raised shares of Tenet Healthcare Corporation from a “market perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a research report on Tuesday, June 6th. ValuEngine lowered shares of Tenet Healthcare Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised shares of Tenet Healthcare Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $23.57.

Tenet Healthcare Corporation 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’s segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children’s hospitals, two specialty hospitals and one critical access hospital.

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Institutional Ownership by Quarter for Tenet Healthcare Corporation (NYSE:THC)

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