Tenet Healthcare Corp (NYSE: THC) is 0.09% higher on its value in year-to-date trading and has touched a low of $90.03 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 $127.75 in the last trading session, with the day’s loss setting it -1.41%.
Currently trading at $126.34, the stock is -0.29% and -4.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing -1.10% at the moment leaves the stock -12.15% off its SMA200. THC registered 25.86% gain for a year compared to 6-month loss of -19.51%. The firm has a 50-day simple moving average (SMA 50) of $132.1832 and a 200-day simple moving average (SMA200) of $143.80804.
The stock witnessed a -6.86% gain in the last 1 month and extending the period to 3 months gives it a -5.55%, and is 5.72% 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 3.40% over the week and 4.14% over the month.
Tenet Healthcare Corp (THC) has around 98000 employees, a market worth around $12.02B and $20.66B in sales. Current P/E ratio is 3.92 and Fwd P/E is 9.57. Profit margin for the company is 15.49%. Distance from 52-week low is 40.33% and -26.20% from its 52-week high. The company has generated returns on investments over the last 12 months (17.58%).
with sales reaching $5.15B over the same period.The EPS is expected to grow by 2.05% this year, but quarterly earnings will post 1.44% year-over-year. Quarterly sales are estimated to shrink -4.05% in year-over-year returns.
783.0 institutions hold shares in Tenet Healthcare Corp (THC), with institutional investors hold 99.71% of the company’s shares. The shares outstanding are 95.11M, and float is at 93.02M with Short Float at 3.70%. Institutions hold 98.39% 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 KERREY J ROBERT, the company’s Director. SEC filings show that KERREY J ROBERT sold 9,525 shares of the company’s common stock on Mar 11 ’25 at a price of $125.43 per share for a total of $1.19 million. Following the sale, the insider now owns 27378.0 shares.
Still, SEC filings show that on Mar 04 ’25, HANEY CECIL D (Director) disposed off 2,500 shares at an average price of $124.26 for $0.31 million. The insider now directly holds 12,035 shares of Tenet Healthcare Corp (THC).
