Tenet Healthcare Corp: Larry Robbins’s Glenview Capital Management increased Its Holding

Tenet Healthcare Corporation (NYSE:THC) Logo

Investors sentiment decreased to 0.87 in 2019 Q1. Its down 0.42, from 1.29 in 2018Q4. It is negative, as 31 investors sold Tenet Healthcare Corporation shares while 77 reduced holdings. 36 funds opened positions while 58 raised stakes. 99.78 million shares or 2.80% less from 102.65 million shares in 2018Q4 were reported.

15,416 are owned by Lpl Financial Lc. Whitebox Advisors holds 241,741 shares or 0.21% of its portfolio. Group Inc One Trading L P holds 163,109 shares or 0.03% of its portfolio. 58,509 were reported by Continental Advsrs Lc. Arrowstreet Capital L P reported 388,672 shares stake. 36,787 are owned by James Inc. North Star Investment Mgmt holds 87 shares. Moody Comml Bank Division has invested 0% in Tenet Healthcare Corporation (NYSE:THC). Tekla Mgmt Ltd Liability Co reported 0.17% in Tenet Healthcare Corporation (NYSE:THC). Great West Life Assurance Co Can has invested 0% in Tenet Healthcare Corporation (NYSE:THC). Jane Street Gru Limited Liability Company holds 0% or 13,769 shares in its portfolio. Numerixs Investment Inc reported 17,800 shares or 0.07% of all its holdings. Comerica State Bank invested in 53,460 shares or 0.01% of the stock. Leuthold Grp Llc holds 95,896 shares or 0.37% of its portfolio. Carroll Associates Incorporated holds 0% in Tenet Healthcare Corporation (NYSE:THC) or 101 shares.

Since July 24, 2019, it had 1 insider purchase, and 0 sales for $16.23 million activity.

Larry Robbins’s Glenview Capital Management Reported increased Stake in Tenet Healthcare Corp

Glenview Capital Management filed with SEC a SC 13D/A form for Tenet Healthcare Corp. It can be found at: 000090514819000803. As reported by Larry Robbins’s Glenview Capital Management, the filler increased its stake in the stock by 7.44 % for 19,383,829 shares. Larry Robbins’s Glenview Capital Management currently owns 18.73% of the Health Care- stock. Date of activity: August 14, 2019.

The hedge fund with about $13.95 billion looks more positive after reporting such an increase of its Tenet Healthcare Corp ownership.

The hedge fund is investor in the Health Care sector.

Tenet Healthcare Corp Institutional Sentiment

Filings show 191 investors own Tenet Healthcare Corp. The ownership in Q3 2017 is high, at Infinity of the outstanding shares. This is increased by 9726388. 122378344 were owned by these investors. 41 funds opened new Tenet Healthcare Corp stakes, 79 increased positions. There were 33 that closed positions and 57 reduced them.

7 investors had the stock in their top 10. Some are: Nantahala Capital Management Llc, Davidson Kempner Capital Management Lp, Phoenix Investment Adviser Llc, Cyrus Capital Partners L.P., Glenview Capital Management Llc, Redwood Capital Management Llc..

Conan Laughlin North Tide Capital Llc is an investor bullish on Tenet Healthcare Corp, owning 1534200 shares as of Q3 2017 for 5.38% of its portfolio. Brian J. Higgins King Street Capital Management Lp owns 1900000 shares or 3.91% of its portfolio. MA Camber Capital Management Llc have 5.99% of its portfolio for 5750000 shares. Further, Caspian Capital Lp reported stake worth 11.05% of its portfolio. The OH Winslow Asset Management Inc owns 254247 shares. Tenet Healthcare Corp is 0.81% of its portfolio.

SEC Form 13D.

The stock decreased 2.91% or $0.57 during the last trading session, reaching $18.99. About 1.01 million shares traded. Tenet Healthcare Corporation (NYSE:THC) has declined 37.03% since August 15, 2018 and is downtrending. It has underperformed by 37.03% the S&P500.

Tenet Healthcare Corporation, together with its subsidiaries, operates as a diversified healthcare services company. The company has market cap of $1.96 billion. It operates in three divisions: Hospital Operations and Other, Ambulatory Care, and Conifer. It currently has negative earnings. The company's general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.

Tenet Healthcare Corporation (NYSE:THC) Ratings Coverage

Among 8 analysts covering Tenet Healthcare (NYSE:THC), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Tenet Healthcare has $37 highest and $26 lowest target. $29.88’s average target is 57.35% above currents $18.99 stock price. Tenet Healthcare had 13 analyst reports since February 25, 2019 according to SRatingsIntel. On Wednesday, August 14 the stock rating was maintained by Goldman Sachs with “Neutral”. The company was maintained on Tuesday, February 26 by Bank of America. Barclays Capital maintained the stock with “Hold” rating in Wednesday, February 27 report. RBC Capital Markets maintained it with “Hold” rating and $29 target in Tuesday, February 26 report. The firm has “Buy” rating given on Wednesday, February 27 by Citigroup. Stephens maintained the stock with “Hold” rating in Tuesday, February 26 report. Robert W. Baird maintained it with “Hold” rating and $30 target in Monday, February 25 report. The rating was maintained by SunTrust with “Hold” on Wednesday, February 27.

More notable recent Tenet Healthcare Corporation (NYSE:THC) news were published by: Seekingalpha.com which released: “Canopy Growth’s U.S. Cannabis Strategy Will Pay Off – Seeking Alpha” on August 01, 2019, also Finance.Yahoo.com with their article: “Amid A Pot Stock Boom, I Have Misgivings About Aurora Cannabis Stock – Yahoo Finance” published on June 17, 2019, Finance.Yahoo.com published: “The Week In Cannabis: A New Global Leader, Moves In UK And Colombia, ETFs Outperform – Yahoo Finance” on July 21, 2019. More interesting news about Tenet Healthcare Corporation (NYSE:THC) were released by: Finance.Yahoo.com and their article: “Investing in Marijuana Stocks: Everything You Need to Know – Yahoo Finance” published on May 31, 2019 as well as Finance.Yahoo.com‘s news article titled: “Canopy Growth drives revenue with 94% increase in recreational dried cannabis sales in first quarter of fiscal 2020 – Yahoo Finance” with publication date: August 14, 2019.

Tenet Healthcare Corporation (NYSE:THC) Institutional Positions Chart

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