Nadja West Sells 1,152 Shares of Tenet Healthcare (NYSE:THC) Stock

Tenet Healthcare Corporation (NYSE:THC) Director Nadja West sold 1,152 shares of Tenet Healthcare stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $258.80, for a total transaction of $298,137.60. Following the completion of the transaction, the director directly owned 23,653 shares of the company’s stock, valued at $6,121,396.40. The trade was a 4.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tenet Healthcare Stock Up 0.7%

Shares of NYSE:THC opened at $265.28 on Friday. The company has a market cap of $21.36 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 1.00 and a beta of 1.23. Tenet Healthcare Corporation has a 12 month low of $157.58 and a 12 month high of $283.05. The company has a current ratio of 1.41, a quick ratio of 1.35 and a debt-to-equity ratio of 2.00. The company has a 50-day moving average price of $238.07 and a 200 day moving average price of $211.23.

Tenet Healthcare (NYSE:THC) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $6.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.26 by $1.86. The business had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.43 billion. Tenet Healthcare had a return on equity of 26.76% and a net margin of 10.27%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $4.02 earnings per share. Tenet Healthcare has set its FY 2026 guidance at 20.300-21.690 EPS. As a group, equities research analysts predict that Tenet Healthcare Corporation will post 21.04 earnings per share for the current year.

Institutional Trading of Tenet Healthcare

Institutional investors and hedge funds have recently modified their holdings of the stock. Triumph Capital Management purchased a new stake in shares of Tenet Healthcare in the third quarter valued at approximately $25,000. Elyxium Wealth LLC purchased a new stake in shares of Tenet Healthcare in the 4th quarter worth $29,000. Canada Pension Plan Investment Board bought a new position in shares of Tenet Healthcare during the 2nd quarter worth $35,000. Trust Co. of Vermont purchased a new position in shares of Tenet Healthcare during the second quarter valued at $37,000. Finally, Meeder Asset Management Inc. lifted its stake in Tenet Healthcare by 146.2% in the fourth quarter. Meeder Asset Management Inc. now owns 192 shares of the company’s stock worth $38,000 after acquiring an additional 114 shares during the period. Institutional investors own 95.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group boosted their price objective on shares of Tenet Healthcare from $288.00 to $308.00 and gave the company a “buy” rating in a research report on Monday, July 27th. The Goldman Sachs Group reiterated a “buy” rating and set a $305.00 price target on shares of Tenet Healthcare in a report on Tuesday, July 28th. Truist Financial boosted their target price on Tenet Healthcare from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Piper Sandler set a $308.00 price target on Tenet Healthcare in a research note on Monday, July 27th. Finally, Mizuho set a $290.00 price objective on Tenet Healthcare in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $273.00.

About Tenet Healthcare

Tenet Healthcare Corporation (NYSE: THC) is a diversified American healthcare services company that owns and operates acute care hospitals and a broad range of outpatient facilities. Its portfolio includes general acute-care hospitals, specialty hospitals, ambulatory surgery centers, urgent care and diagnostic imaging centers, and other ancillary service locations. Tenet’s operations are oriented around delivering inpatient and outpatient clinical care across multiple medical specialties, with an emphasis on surgical services, emergency care, and advanced diagnostics.

In addition to facility-based care, Tenet provides integrated services designed to support clinical operations and improve patient access and care coordination.