Tenet Healthcare Corp (NYSE: THC) is 123.00% higher on its value in year-to-date trading and has touched a low of $52.08 and a high of $171.20 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 $160.37 in the last trading session, with the day’s gains setting it 8.15%.
Currently trading at $168.52, the stock is 6.79% and 5.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 5.08% at the moment leaves the stock 30.22% off its SMA200. THC registered 203.09% gain for a year compared to 6-month gain of 31.99%. The firm has a 50-day simple moving average (SMA 50) of $159.317 and a 200-day simple moving average (SMA200) of $128.97185.
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The stock witnessed a 9.38% loss in the last 1 month and extending the period to 3 months gives it a 12.30%, and is 8.71% 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 4.17% over the week and 3.54% over the month.
Tenet Healthcare Corp (THC) has around 106500 employees, a market worth around $16.03B and $20.97B in sales. Current P/E ratio is 5.39 and Fwd P/E is 14.58. Profit margin for the company is 14.91%. Distance from 52-week low is 223.58% and -1.57% from its 52-week high. The company has generated returns on investments over the last 12 months (18.82%).
The EPS is expected to grow by 60.29% this year, but quarterly earnings will post 173.10% year-over-year.
747.0 institutions hold shares in Tenet Healthcare Corp (THC), with institutional investors hold 100.63% of the company’s shares. The shares outstanding are 99.95M, and float is at 92.73M with Short Float at 2.59%. Institutions hold 99.46% 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 Foo Lisa Y, the company’s EVP, Commercial Ops. SEC filings show that Foo Lisa Y sold 4,000 shares of the company’s common stock on Oct 31 ’24 at a price of $155.94 per share for a total of $0.62 million. Following the sale, the insider now owns 15566.0 shares.
Still, SEC filings show that on Sep 05 ’24, Ramsey R. Scott (Principal Accounting Officer) disposed off 11,599 shares at an average price of $162.06 for $1.88 million. The insider now directly holds 6,324 shares of Tenet Healthcare Corp (THC).
