Williamson Legacy Group LLC Sells 909 Shares of Tenet Healthcare Co. (NYSE:THC)

Williamson Legacy Group LLC lessened its stake in Tenet Healthcare Co. (NYSE:THC) by 15.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,954 shares of the company’s stock after selling 909 shares during the quarter. Williamson Legacy Group LLC’s holdings in Tenet Healthcare were worth $625,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. US Bancorp DE raised its holdings in shares of Tenet Healthcare by 53.5% in the 4th quarter. US Bancorp DE now owns 8,552 shares of the company’s stock worth $1,080,000 after purchasing an additional 2,980 shares during the period. WR Wealth Planners LLC raised its holdings in shares of Tenet Healthcare by 2,836.4% in the 4th quarter. WR Wealth Planners LLC now owns 323 shares of the company’s stock worth $41,000 after purchasing an additional 312 shares during the period. Versor Investments LP raised its holdings in shares of Tenet Healthcare by 69.1% in the 4th quarter. Versor Investments LP now owns 9,200 shares of the company’s stock worth $1,161,000 after purchasing an additional 3,761 shares during the period. Proficio Capital Partners LLC bought a new stake in Tenet Healthcare during the 4th quarter valued at $5,832,000. Finally, Denali Advisors LLC raised its holdings in Tenet Healthcare by 31.0% during the 4th quarter. Denali Advisors LLC now owns 33,515 shares of the company’s stock valued at $4,231,000 after acquiring an additional 7,929 shares during the period. Institutional investors own 95.44% of the company’s stock.

Tenet Healthcare Stock Down 3.0 %

Shares of NYSE:THC opened at $126.58 on Friday. Tenet Healthcare Co. has a 52-week low of $90.03 and a 52-week high of $171.20. The firm has a fifty day moving average of $133.03 and a 200 day moving average of $147.07. The firm has a market capitalization of $12.04 billion, a PE ratio of 3.93, a price-to-earnings-growth ratio of 1.02 and a beta of 2.05. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.70 and a current ratio of 1.78.

Tenet Healthcare (NYSE:THC) last announced its earnings results on Wednesday, February 12th. The company reported $3.44 earnings per share (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, research analysts anticipate that Tenet Healthcare Co. will post 12.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TD Cowen assumed coverage on shares of Tenet Healthcare in a report on Wednesday. They set a “buy” rating and a $175.00 target price on the stock. Barclays lowered their target price on shares of Tenet Healthcare from $190.00 to $161.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. KeyCorp lowered their target price on shares of Tenet Healthcare from $200.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. StockNews.com raised shares of Tenet Healthcare from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group cut shares of Tenet Healthcare from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $196.00 to $140.00 in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.