Tenet Healthcare Corp (NYSE: THC) is -4.66% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The THC stock was last observed hovering at around $132.86 in the last trading session, with the day’s loss setting it -12.51%.
Currently trading at $120.35, the stock is -6.19% and -8.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.88 million and changing -9.42% at the moment leaves the stock -16.15% off its SMA200. THC registered 16.74% gain for a year compared to 6-month loss of -25.62%. The firm has a 50-day simple moving average (SMA 50) of $132.1372 and a 200-day simple moving average (SMA200) of $143.5272.
The stock witnessed a -4.06% gain in the last 1 month and extending the period to 3 months gives it a -3.89%, and is -9.61% down 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 4.44% over the week and 4.03% over the month.
Tenet Healthcare Corp (THC) has around 98000 employees, a market worth around $11.45B and $20.66B in sales. Current P/E ratio is 3.73 and Fwd P/E is 9.09. Profit margin for the company is 15.49%. Distance from 52-week low is 33.68% and -29.70% 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 2.54% this year, but quarterly earnings will post 1.12% year-over-year. Quarterly sales are estimated to shrink -4.10% in year-over-year returns.
Tenet Healthcare Corp (THC) Top Institutional Holders
784.0 institutions hold shares in Tenet Healthcare Corp (THC), with institutional investors hold 99.48% of the company’s shares. The shares outstanding are 95.11M, and float is at 93.02M with Short Float at 4.16%. Institutions hold 98.18% 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 10.1619 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).
