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 Q1 2019. Its down 0.42, from 1.29 in 2018Q4. It turned 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.

Moreover, Jpmorgan Chase & Co has 0.02% invested in Tenet Healthcare Corporation (NYSE:THC) for 2.98M shares. Commonwealth Retail Bank Of Aus stated it has 0.01% in Tenet Healthcare Corporation (NYSE:THC). Illinois-based Harris L P has invested 0.32% in Tenet Healthcare Corporation (NYSE:THC). Susquehanna International Gp Llp holds 0% in Tenet Healthcare Corporation (NYSE:THC) or 385,406 shares. James Inv Research Inc holds 0.07% or 36,787 shares. Hsbc Holdings Public Limited Liability Com owns 156,592 shares or 0.01% of their US portfolio. Art Advsrs Lc accumulated 0.09% or 51,868 shares. 420,505 were reported by Bank & Trust Of America Corporation De. Assetmark accumulated 3,658 shares. Hudson Bay Capital Management Limited Partnership accumulated 1.42 million shares or 0.53% of the stock. Maverick Cap Limited reported 102,370 shares stake. Gemmer Asset Lc reported 79 shares. Invesco has invested 0.01% in Tenet Healthcare Corporation (NYSE:THC). California Employees Retirement Systems, a California-based fund reported 347,212 shares. 41,077 are held by Raymond James Assoc.

Since July 24, 2019, it had 1 buy, and 0 insider 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. Citigroup maintained Tenet Healthcare Corporation (NYSE:THC) on Wednesday, February 27 with “Buy” rating. Robert W. Baird maintained the shares of THC in report on Monday, February 25 with “Hold” rating. Goldman Sachs maintained Tenet Healthcare Corporation (NYSE:THC) rating on Wednesday, August 14. Goldman Sachs has “Neutral” rating and $2800 target. Barclays Capital maintained the stock with “Hold” rating in Wednesday, February 27 report. The firm has “Hold” rating given on Tuesday, February 26 by Bank of America. The stock has “Hold” rating by Stephens on Tuesday, February 26. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, February 26. The firm has “Hold” rating by SunTrust given on Wednesday, February 27.

More notable recent Tenet Healthcare Corporation (NYSE:THC) news were published by: Prnewswire.com which released: “Data Points to Cannabis Emergence as a Viable Part of Cancer Treatment – PRNewswire” on July 19, 2019, also Marketwatch.com with their article: “Cannabis stocks sink with broader market as latest bad news from CannTrust weighs – MarketWatch” published on August 10, 2019, Forbes.com published: “Tenet To Spin-Off Conifer – Forbes” on August 07, 2019. More interesting news about Tenet Healthcare Corporation (NYSE:THC) were released by: Finance.Yahoo.com and their article: “Tenet Healthcare Corp (THC) Q2 2019 Earnings Call Transcript – Yahoo Finance” published on August 06, 2019 as well as Benzinga.com‘s news article titled: “Cannabis Countdown: Top 10 Marijuana Industry News Stories Of The Week, July 29 – Benzinga” with publication date: July 29, 2019.

Tenet Healthcare Corporation (NYSE:THC) Institutional Positions Chart

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