Larry Robbins’s Glenview Capital Management: Tenet Healthcare Corp Position increased

Tenet Healthcare Corporation (NYSE:THC) Logo

Investors sentiment decreased to 0.87 in Q1 2019. Its down 0.42, from 1.29 in 2018Q4. It fall, as 31 investors sold Tenet Healthcare Corporation shares while 77 reduced holdings. 36 funds opened positions while 58 raised stakes. 99.78 million shares or 2.80% less from 102.65 million shares in 2018Q4 were reported.

Millennium Mgmt Limited Company holds 0.03% in Tenet Healthcare Corporation (NYSE:THC) or 726,870 shares. Bessemer Gp Inc accumulated 3,325 shares or 0% of the stock. Redwood Mgmt Lc holds 1.19M shares or 2.34% of its portfolio. Asset Mgmt One Limited, a Japan-based fund reported 18,433 shares. 32,997 were accumulated by Oregon Public Employees Retirement Fund. Davidson Kempner Limited Partnership owns 4.79 million shares or 3.79% of their US portfolio. Royal State Bank Of Canada accumulated 0% or 56,716 shares. 412,762 were reported by Wells Fargo & Mn. Meeder Asset Mgmt Inc owns 35,236 shares or 0.08% of their US portfolio. Sei Invests Comm reported 406,482 shares. Metropolitan Life Insurance New York has invested 0% in Tenet Healthcare Corporation (NYSE:THC). Somerset Trust Co reported 606 shares. Tekla has 141,136 shares for 0.17% of their portfolio. Rafferty Asset Mgmt Llc has invested 0.01% in Tenet Healthcare Corporation (NYSE:THC). Ohio-based Bowling Ltd Liability Corp has invested 0.24% in Tenet Healthcare Corporation (NYSE:THC).

Since July 24, 2019, it had 1 buying transaction, and 0 insider sales for $16.23 million activity.

Larry Robbins’s Glenview Capital Management Reported increased Stake in Tenet Healthcare Corp

Glenview Capital Management filed with SEC a SC 13D/A form for Tenet Healthcare Corp. It can be found at: 000090514819000803. As reported by Larry Robbins’s Glenview Capital Management, the filler increased its stake in the stock by 7.44 % for 19,383,829 shares. Larry Robbins’s Glenview Capital Management currently owns 18.73% of the Health Care- stock. Date of activity: August 14, 2019.

The hedge fund with about $13.95 billion looks more positive after reporting such an increase of its Tenet Healthcare Corp ownership.

The hedge fund is investor in the Health Care sector.

Tenet Healthcare Corp Institutional Sentiment

Filings show 191 investors own Tenet Healthcare Corp. The ownership in Q3 2017 is high, at Infinity of the outstanding shares. This is increased by 9726388. 122378344 were owned by these investors. 41 funds opened new Tenet Healthcare Corp stakes, 79 increased positions. There were 33 that closed positions and 57 reduced them.

7 investors had the stock in their top 10. Some are: Nantahala Capital Management Llc, Davidson Kempner Capital Management Lp, Phoenix Investment Adviser Llc, Cyrus Capital Partners L.P., Glenview Capital Management Llc, Redwood Capital Management Llc..

Conan Laughlin North Tide Capital Llc is an investor bullish on Tenet Healthcare Corp, owning 1534200 shares as of Q3 2017 for 5.38% of its portfolio. Brian J. Higgins King Street Capital Management Lp owns 1900000 shares or 3.91% of its portfolio. MA Camber Capital Management Llc have 5.99% of its portfolio for 5750000 shares. Further, Caspian Capital Lp reported stake worth 11.05% of its portfolio. The OH Winslow Asset Management Inc owns 254247 shares. Tenet Healthcare Corp is 0.81% of its portfolio.

SEC Form 13D.

The stock decreased 2.91% or $0.57 during the last trading session, reaching $18.99. About 1.01M shares traded. Tenet Healthcare Corporation (NYSE:THC) has declined 37.03% since August 15, 2018 and is downtrending. It has underperformed by 37.03% the S&P500.

Tenet Healthcare Corporation, together with its subsidiaries, operates as a diversified healthcare services company. The company has market cap of $1.96 billion. It operates in three divisions: Hospital Operations and Other, Ambulatory Care, and Conifer. It currently has negative earnings. The company's general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.

Tenet Healthcare Corporation (NYSE:THC) Ratings Coverage

Among 8 analysts covering Tenet Healthcare (NYSE:THC), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Tenet Healthcare has $37 highest and $26 lowest target. $29.88’s average target is 57.35% above currents $18.99 stock price. Tenet Healthcare had 13 analyst reports since February 25, 2019 according to SRatingsIntel. As per Tuesday, February 26, the company rating was maintained by Stephens. Goldman Sachs maintained the shares of THC in report on Wednesday, August 14 with “Neutral” rating. The stock has “Hold” rating by SunTrust on Wednesday, February 27. As per Monday, February 25, the company rating was maintained by Robert W. Baird. Barclays Capital maintained the shares of THC in report on Wednesday, February 27 with “Hold” rating. Bank of America maintained Tenet Healthcare Corporation (NYSE:THC) rating on Tuesday, February 26. Bank of America has “Hold” rating and $30 target. The company was maintained on Tuesday, February 26 by RBC Capital Markets. Citigroup maintained the stock with “Buy” rating in Wednesday, February 27 report.

More notable recent Tenet Healthcare Corporation (NYSE:THC) news were published by: Prnewswire.com which released: “Drink Makers Seek to Include CBD and Cannabis Beverage Alternatives – PRNewswire” on August 07, 2019, also Benzinga.com with their article: “Cannabis Countdown: Top 10 Marijuana Industry News Stories Of The Week, July 29 – Benzinga” published on July 29, 2019, Businesswire.com published: “Tenet to Participate in the Bank of America Merrill Lynch 2019 Health Care Conference – Business Wire” on May 10, 2019. More interesting news about Tenet Healthcare Corporation (NYSE:THC) were released by: Seekingalpha.com and their article: “Tenet up 7% on increased Glenview stake – Seeking Alpha” published on July 29, 2019 as well as Benzinga.com‘s news article titled: “What To Expect From Cannabis Stocks This Earnings Season – Benzinga” with publication date: February 07, 2019.

Tenet Healthcare Corporation (NYSE:THC) Institutional Positions Chart

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