Lindbrook Capital LLC Has $171,000 Stock Holdings in Tenet Healthcare Co. (NYSE:THC)

Lindbrook Capital LLC lowered its position in shares of Tenet Healthcare Co. (NYSE:THC) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,355 shares of the company’s stock after selling 100 shares during the quarter. Lindbrook Capital LLC’s holdings in Tenet Healthcare were worth $171,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in THC. Janney Montgomery Scott LLC increased its position in shares of Tenet Healthcare by 135.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 19,478 shares of the company’s stock worth $3,237,000 after purchasing an additional 11,188 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Tenet Healthcare during the 3rd quarter worth about $3,599,000. QRG Capital Management Inc. increased its position in shares of Tenet Healthcare by 5.9% during the 3rd quarter. QRG Capital Management Inc. now owns 8,318 shares of the company’s stock worth $1,382,000 after purchasing an additional 462 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Tenet Healthcare by 80.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,478 shares of the company’s stock worth $246,000 after purchasing an additional 660 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in Tenet Healthcare by 7.8% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 2,933 shares of the company’s stock valued at $487,000 after acquiring an additional 213 shares in the last quarter. Institutional investors and hedge funds own 95.44% of the company’s stock.

Tenet Healthcare Stock Up 1.8 %

Tenet Healthcare stock opened at $127.64 on Friday. The company’s 50 day simple moving average is $132.67 and its 200 day simple moving average is $146.24. Tenet Healthcare Co. has a fifty-two week low of $90.03 and a fifty-two week high of $171.20. The firm has a market capitalization of $12.14 billion, a price-to-earnings ratio of 3.96, a PEG ratio of 1.02 and a beta of 2.06. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.78 and a quick ratio of 1.70.

Tenet Healthcare (NYSE:THC) last announced its earnings results on Wednesday, February 12th. The company reported $3.44 EPS for the quarter, topping the consensus estimate of $2.95 by $0.49. Tenet Healthcare had a net margin of 15.48% and a return on equity of 21.88%. As a group, sell-side analysts anticipate that Tenet Healthcare Co. will post 12.24 EPS for the current year.

Wall Street Analysts Forecast Growth

THC has been the subject of several research reports. KeyCorp lowered their price objective on shares of Tenet Healthcare from $200.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $175.00 price objective on shares of Tenet Healthcare in a research report on Tuesday, December 17th. Barclays lowered their price objective on shares of Tenet Healthcare from $190.00 to $161.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. TD Cowen began coverage on shares of Tenet Healthcare in a research report on Wednesday, February 26th. They issued a “buy” rating and a $175.00 price objective for the company. Finally, Truist Financial reduced their target price on shares of Tenet Healthcare from $190.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.88.

Tenet Healthcare Profile

Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States. The company operates through two segments: Hospital Operations and Services, and Ambulatory Care. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.