SG Americas Securities LLC lowered its position in shares of Tenet Healthcare Corp (NYSE:THC) by 69.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,167 shares of the company’s stock after selling 171,073 shares during the period. SG Americas Securities LLC’s holdings in Tenet Healthcare were worth $1,124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Flinton Capital Management LLC boosted its position in Tenet Healthcare by 65.7% during the 2nd quarter. Flinton Capital Management LLC now owns 7,888 shares of the company’s stock valued at $153,000 after buying an additional 3,128 shares during the period. Pentwater Capital Management LP purchased a new stake in Tenet Healthcare during the 3rd quarter valued at $164,000. Russell Investments Group Ltd. boosted its position in Tenet Healthcare by 182.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 10,525 shares of the company’s stock valued at $173,000 after buying an additional 6,800 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Tenet Healthcare during the 3rd quarter valued at $183,000. Finally, Sterling Capital Management LLC purchased a new stake in Tenet Healthcare during the 3rd quarter valued at $227,000.

Several brokerages have weighed in on THC. Wells Fargo & Co began coverage on shares of Tenet Healthcare in a research report on Tuesday, January 30th. They set a “market perform” rating and a $20.00 price target for the company. Zacks Investment Research cut shares of Tenet Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. Goldman Sachs Group initiated coverage on shares of Tenet Healthcare in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $15.00 target price for the company. ValuEngine cut shares of Tenet Healthcare from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, Leerink Swann reaffirmed a “buy” rating and issued a $27.00 target price on shares of Tenet Healthcare in a research report on Wednesday, December 20th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Tenet Healthcare has a consensus rating of “Hold” and an average price target of $18.36.

Tenet Healthcare Corp (NYSE:THC) opened at $18.49 on Wednesday. Tenet Healthcare Corp has a 12-month low of $12.25 and a 12-month high of $22.72. The stock has a market cap of $1,870.00, a PE ratio of -3.36, a P/E/G ratio of 3.53 and a beta of 1.24. The company has a debt-to-equity ratio of 21.21, a quick ratio of 1.21 and a current ratio of 1.28.

In other Tenet Healthcare news, Director George Fredrick Smitherman sold 1,300 shares of the firm’s stock in a transaction dated Monday, January 15th. The shares were sold at an average price of $38.50, for a total transaction of $50,050.00. Over the last three months, insiders have sold 54,600 shares of company stock valued at $94,146. 3.10% of the stock is currently owned by corporate insiders.

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About Tenet Healthcare

Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company’s segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children’s hospitals, two specialty hospitals and one critical access hospital.

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Institutional Ownership by Quarter for Tenet Healthcare (NYSE:THC)

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