Tenet Healthcare Corp. (THC): Ownership and Basic Trading Data

In the past 52-week period, shares of Tenet Healthcare Corp. (NYSE:THC) have moved within the range of $12.25 to $22.72. On the stock’s most recent trading day, the company’s shares ended the regular session at $13.24, which is 41.73% higher than its 52-week high.

Tenet Healthcare Corp. (THC) has demonstrated a 20-day simple moving average (SMA) of -3.56%, and a 50-day SMA of -10.24%. This public company’s current market capitalization stands at $1.37 billion.

Analyzing Consensus Estimates, Sales Revenue and Net Income

Gauging the level of enthusiasm that Wall Street analysts have for a particular stock is important when considering an investment. According to the latest data, the consensus recommendation for Tenet Healthcare Corp. (THC) is Outperform.

When it comes to reporting sales figures, public companies typically post earnings and revenue that fall above or below the average Wall Street forecast. In the most recent quarterly financial report, for the quarter ending Sep. 2017, Tenet Healthcare Corp. (THC) delivered a 2.25% surprise with its net revenue. Sales reached $4.59 billion during the three-month period, compared to the average analyst estimate of $4.69 billion.

Meanwhile, during the same quarter Tenet Healthcare Corp. (THC) delivered a -55.07% earnings surprise. Net earnings for the quarter were posted at -$0.17 per share, whereas Wall Street had forecast -$0.38 per share.

Ownership at Tenet Healthcare Corp. (THC), According to Most Recent SEC Filings

A publicly-traded company’s most recent 13F filings give us important details about the organization’s institutional ownership. Tenet Healthcare Corp. (THC) has 0 billion shares outstanding currently, 127.95% of which belong to institutional investors. Those institutional holdings amount to $1.71 billion.

Additionally, according to the most recent 13F filing from Tenet Healthcare Corp. (THC), there were 44 new positions totaling 13,131,977 shares of the company’s stock. There were 40 sold out positions, on the other hand, totaling 9,839,565 shares.

Short, Medium and Long Term Indicators

Taking a look at a stock’s average volume – in the long, medium and short terms – is helpful for understanding investor sentiment and trading activity. Tenet Healthcare Corp. (THC) has had a 20-day average volume of 3,887,300 shares, with an average of 60% of short term indicators pointed at Sell.

The stock’s 50-day average volume has been 3,776,634 shares, with an average of 75% of medium term indicators pointing toward Sell. Finally, its 100-day average volume is 4,061,289 shares with 67% of long-term indicators pointing to Sell.