Tenet Healthcare (NYSE:THC) Shares Gap Down – Here’s Why

Tenet Healthcare Corporation (NYSE:THC) gapped down before the market opened on Tuesday . The stock had previously closed at $194.81, but opened at $185.00. Tenet Healthcare shares last traded at $185.1310, with a volume of 437,026 shares.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. KeyCorp dropped their target price on shares of Tenet Healthcare from $250.00 to $225.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Guggenheim cut their target price on shares of Tenet Healthcare from $283.00 to $252.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Morgan Stanley set a $254.00 price target on Tenet Healthcare in a report on Friday, May 1st. Royal Bank Of Canada reduced their price objective on Tenet Healthcare from $277.00 to $236.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Finally, TD Cowen lowered their target price on Tenet Healthcare from $242.00 to $233.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Eighteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $245.37.

Tenet Healthcare Trading Up 4.6%

The firm has a market capitalization of $16.55 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 1.51 and a beta of 1.27. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.36 and a quick ratio of 1.30. The company has a fifty day moving average of $184.15 and a 200-day moving average of $197.51.

Tenet Healthcare (NYSE:THC) last issued its quarterly earnings data on Thursday, April 30th. The company reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.61. Tenet Healthcare had a net margin of 7.94% and a return on equity of 25.55%. The firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter last year, the firm earned $4.36 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Tenet Healthcare has set its FY 2026 guidance at 16.380-18.68 EPS. On average, sell-side analysts anticipate that Tenet Healthcare Corporation will post 17.61 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Nadja West sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $177.35, for a total value of $532,050.00. Following the completion of the sale, the director directly owned 24,805 shares in the company, valued at approximately $4,399,166.75. The trade was a 10.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director J Robert Kerrey sold 5,638 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $174.52, for a total transaction of $983,943.76. Following the sale, the director directly owned 16,804 shares of the company’s stock, valued at approximately $2,932,634.08. This represents a 25.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tenet Healthcare

A number of hedge funds have recently bought and sold shares of the company. Triumph Capital Management acquired a new position in shares of Tenet Healthcare during the 3rd quarter worth about $25,000. Activest Wealth Management acquired a new stake in Tenet Healthcare in the 4th quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new position in shares of Tenet Healthcare during the fourth quarter worth approximately $29,000. Canada Pension Plan Investment Board bought a new position in Tenet Healthcare during the second quarter worth $35,000. Finally, Meeder Asset Management Inc. raised its stake in Tenet Healthcare by 146.2% during the 4th quarter. Meeder Asset Management Inc. now owns 192 shares of the company’s stock valued at $38,000 after purchasing an additional 114 shares during the last quarter. 95.44% of the stock is currently owned by institutional investors.

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.