Tenet Healthcare Corp Position Change by Larry Robbins’s Glenview Capital Management

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 worsened, 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.

Millennium Mngmt Lc reported 726,870 shares or 0.03% of all its holdings. Royal Savings Bank Of Canada owns 0% invested in Tenet Healthcare Corporation (NYSE:THC) for 56,716 shares. New Mexico Educational Retirement Board has 0.02% invested in Tenet Healthcare Corporation (NYSE:THC). Mackay Shields Limited Com, New York-based fund reported 66,466 shares. Moody Bancorporation Trust Division has invested 0% in Tenet Healthcare Corporation (NYSE:THC). Alliancebernstein L P holds 0% in Tenet Healthcare Corporation (NYSE:THC) or 221,407 shares. Adams Diversified Equity Fund invested in 0.02% or 11,600 shares. State Street owns 2.89M shares or 0.01% of their US portfolio. Aqr Cap Mngmt Ltd Liability has 0.03% invested in Tenet Healthcare Corporation (NYSE:THC). Gemmer Asset Mngmt Lc reported 0% in Tenet Healthcare Corporation (NYSE:THC). Private Mgmt owns 621,551 shares for 0.89% of their portfolio. Qs Lc reported 0% stake. Ontario Teachers Pension Plan Board holds 12,070 shares or 0.01% of its portfolio. Wellington Management Group Inc Llp has 0% invested in Tenet Healthcare Corporation (NYSE:THC) for 129,951 shares. 11,050 are held by First Hawaiian Fincl Bank.

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

More notable recent Tenet Healthcare Corporation (NYSE:THC) news were published by: Prnewswire.com which released: “Khiron Life Sciences Added to NYSE-Listed The Cannabis ETF – PRNewswire” on July 25, 2019, also Seekingalpha.com with their article: “Enhancing Yield On My Tenet Healthcare Investment – Seeking Alpha” published on April 10, 2019, Schaeffersresearch.com published: “Call Traders React to THC and JNCE Stock Rallies – Schaeffers Research” on July 24, 2019. More interesting news about Tenet Healthcare Corporation (NYSE:THC) were released by: Businesswire.com and their article: “Tenet and Aetna Sign Multi-Year Agreement – Business Wire” published on June 24, 2019 as well as Seekingalpha.com‘s news article titled: “Canopy Growth’s U.S. Cannabis Strategy Will Pay Off – Seeking Alpha” with publication date: August 01, 2019.

Tenet Healthcare Corporation (NYSE:THC) Institutional Positions Chart

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