Davidson Kempner Capital Management LP acquired a new stake in Tenet Healthcare Corporation (NYSE:THC) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,041,000 shares of the company’s stock, valued at approximately $20,133,000. Davidson Kempner Capital Management LP owned 1.03% of Tenet Healthcare Corporation as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Tenet Healthcare Corporation by 0.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,737 shares of the company’s stock valued at $227,000 after acquiring an additional 73 shares during the period. Meeder Asset Management Inc. raised its stake in Tenet Healthcare Corporation by 0.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 51,741 shares of the company’s stock valued at $1,001,000 after acquiring an additional 175 shares during the period. Advantus Capital Management Inc raised its stake in Tenet Healthcare Corporation by 3.2% in the 1st quarter. Advantus Capital Management Inc now owns 10,223 shares of the company’s stock valued at $181,000 after acquiring an additional 317 shares during the period. Retirement Systems of Alabama raised its stake in Tenet Healthcare Corporation by 0.6% in the 2nd quarter. Retirement Systems of Alabama now owns 103,679 shares of the company’s stock valued at $2,005,000 after acquiring an additional 591 shares during the period. Finally, Arizona State Retirement System raised its stake in Tenet Healthcare Corporation by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 33,900 shares of the company’s stock valued at $656,000 after acquiring an additional 700 shares during the period.

Shares of Tenet Healthcare Corporation (NYSE:THC) traded up 9.81% on Friday, hitting $14.66. The stock had a trading volume of 6,337,543 shares. The stock’s market capitalization is $1.48 billion. Tenet Healthcare Corporation has a 52 week low of $12.25 and a 52 week high of $24.13. The firm has a 50-day moving average price of $15.64 and a 200-day moving average price of $16.92.

Tenet Healthcare Corporation (NYSE:THC) last issued its earnings results on Monday, August 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.17). The company had revenue of $14.80 billion for the quarter, compared to the consensus estimate of $4.90 billion. Tenet Healthcare Corporation had a negative return on equity of 2.00% and a negative net margin of 0.97%. The firm’s quarterly revenue was up 204.1% on a year-over-year basis. During the same quarter last year, the company earned $0.38 EPS. Equities analysts expect that Tenet Healthcare Corporation will post $0.76 earnings per share for the current fiscal year.

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Several equities research analysts have recently weighed in on the company. Leerink Swann reiterated an “outperform” rating and set a $30.00 price target (up from $23.00) on shares of Tenet Healthcare Corporation in a research report on Sunday, August 20th. Zacks Investment Research cut Tenet Healthcare Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 19th. Royal Bank Of Canada reiterated a “hold” rating and set a $25.00 price target on shares of Tenet Healthcare Corporation in a research report on Thursday, August 24th. Robert W. Baird reiterated a “buy” rating and set a $23.00 price target on shares of Tenet Healthcare Corporation in a research report on Thursday, September 28th. Finally, Citigroup Inc. reiterated a “hold” rating and set a $16.00 price target on shares of Tenet Healthcare Corporation in a research report on Thursday, September 14th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.60.

About Tenet Healthcare Corporation

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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