Tenet Healthcare Corp (NYSE: THC) is 32.76% higher on its value in year-to-date trading and has touched a low of $109.82 and a high of $174.14 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 $167.46 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $167.58, the stock is 0.94% and 11.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.88 million and changing 0.07% at the moment leaves the stock 15.76% off its SMA200. THC registered 21.43% gain for a year compared to 6-month gain of 22.58%.
The stock witnessed a 0.18% loss in the last 1 month and extending the period to 3 months gives it a 31.18%, and is 3.82% 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 1.14% over the week and 2.16% over the month.
Tenet Healthcare Corp (THC) has around 98000 employees, a market worth around $15.57B and $20.52B in sales. Current P/E ratio is 11.08 and Fwd P/E is 12.25. Profit margin for the company is 7.09%. Distance from 52-week low is 52.59% and -3.77% from its 52-week high. The company has generated returns on investments over the last 12 months (8.43%).
The EPS is expected to grow by 7.77% this year
The shares outstanding are 92.89M, and float is at 91.17M with Short Float at 3.07%.
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 10.6688 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 8.2459 and valued at over $1.07 billion, while INVESCO LTD. holds 5.8095 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 FISHER RICHARD W, the company’s Director. SEC filings show that FISHER RICHARD W sold 836 shares of the company’s common stock on Jun 05 ’25 at a price of $173.16 per share for a total of $0.14 million. Following the sale, the insider now owns 11292.0 shares.
Tenet Healthcare Corp disclosed in a document filed with the SEC on Jun 05 ’25 that Arbour Paola M (EVP, Chief Information Officer) sold a total of 7,738 shares of the company’s common stock. The trade occurred on Jun 05 ’25 and was made at $173.00 per share for $1.34 million. Following the transaction, the insider now directly holds 20110.0 shares of the THC stock.
Still, SEC filings show that on Jun 05 ’25, Arbour Paola M (Officer) Proposed Sale 7,738 shares at an average price of $173.00 for $1.34 million. The insider now directly holds shares of Tenet Healthcare Corp (THC).
