Tenet Healthcare Corp. (NYSE: THC) is 121.25% higher on its value in year-to-date trading and has touched a low of $51.04 and a high of $166.89 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 $161.07 in the last trading session, with the day’s gains setting it 6.13%.
Currently trading at $167.20, the stock is 4.11% and 10.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing 3.81% at the moment leaves the stock 46.09% off its SMA200. THC registered 138.89% gain for a year compared to 6-month gain of 62.98%.
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The stock witnessed a 7.72% loss in the last 1 month and extending the period to 3 months gives it a 23.64%, and is 5.82% 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 4.08% over the week and 3.23% over the month.
Tenet Healthcare Corp. (THC) has around 106500 employees, a market worth around $16.02B and $20.92B in sales. Current P/E ratio is 6.12 and Fwd P/E is 15.04. Profit margin for the company is 13.17%. Distance from 52-week low is 227.59% and 0.19% from its 52-week high. The company has generated returns on investments over the last 12 months (16.96%).
The EPS is expected to grow by 50.33% this year
708.0 institutions hold shares in Tenet Healthcare Corp. (THC), with institutional investors hold 99.83% of the company’s shares. The shares outstanding are 99.95M, and float is at 93.44M with Short Float at 3.37%. Institutions hold 98.67% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 10.38 million shares valued at $1.38 billion. The investor’s holdings represent 10.4209 of the THC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.88 million shares valued at $1.31 billion to account for 9.9258 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 8.02 million shares representing 8.0543 and valued at over $1.07 billion, while INVESCO LTD. holds 5.6745 of the shares totaling 5.65 million with a market value of $751.72 million.
Tenet Healthcare Corp. (THC) Insider Activity
The most recent transaction is an insider sale by Ramsey R. Scott, the company’s Principal Accounting Officer. SEC filings show that Ramsey R. Scott sold 11,599 shares of the company’s common stock on Sep 05 ’24 at a price of $162.06 per share for a total of $1.88 million. Following the sale, the insider now owns 6324.0 shares.
Tenet Healthcare Corp. disclosed in a document filed with the SEC on Aug 27 ’24 that FISHER RICHARD W (Director) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Aug 27 ’24 and was made at $163.67 per share for $0.33 million. Following the transaction, the insider now directly holds 14227.0 shares of the THC stock.
Still, SEC filings show that on Aug 27 ’24, FISHER RICHARD W (Director) Proposed Sale 2,000 shares at an average price of $163.67 for $0.33 million. The insider now directly holds shares of Tenet Healthcare Corp. (THC).
