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Here are the top Institutional holders of Tenet Healthcare Corp. (THC) shares

Tenet Healthcare Corp. (NYSE: THC) is 62.55% higher on its value in year-to-date trading and has touched a low of $51.04 and a high of $124.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The THC stock was last observed hovering at around $124.07 in the last trading session, with the day’s loss setting it -1.23%.

Currently trading at $122.84, the stock is 18.18% and 21.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing -0.99% at the moment leaves the stock 55.02% off its SMA200. THC registered 76.24% gain for a year compared to 6-month gain of 124.94%.

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The stock witnessed a 20.66% loss in the last 1 month and extending the period to 3 months gives it a 39.42%, and is 5.94% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.74% over the week and 3.48% over the month.

Tenet Healthcare Corp. (THC) has around 106500 employees, a market worth around $12.00B and $20.89B in sales. Current P/E ratio is 4.75 and Fwd P/E is 13.64. Profit margin for the company is 12.53%. Distance from 52-week low is 140.67% and -1.66% from its 52-week high. The company has generated returns on investments over the last 12 months (16.14%).

The EPS is expected to grow by 33.43% this year

The shares outstanding are 99.95M, and float is at 95.13M with Short Float at 4.01%.

Tenet Healthcare Corp. (THC) Insider Activity

The most recent transaction is an insider sale by Arnst Thomas W, the company’s EVP, Chief Admin. Officer & GC. SEC filings show that Arnst Thomas W sold 8,148 shares of the company’s common stock on May 01 ’24 at a price of $116.10 per share for a total of $0.95 million. Following the sale, the insider now owns 0.0 shares.

Tenet Healthcare Corp. disclosed in a document filed with the SEC on Mar 12 ’24 that MARK RICHARD J (Director) sold a total of 14,000 shares of the company’s common stock. The trade occurred on Mar 12 ’24 and was made at $98.98 per share for $1.39 million. Following the transaction, the insider now directly holds 33303.0 shares of the THC stock.

Still, SEC filings show that on Mar 06 ’24, Arbour Paola M (EVP, Chief Information Officer) disposed off 18,168 shares at an average price of $96.96 for $1.76 million. The insider now directly holds 29,803 shares of Tenet Healthcare Corp. (THC).

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