Tenet Healthcare (THC) At $16.25 Forms Bottom; Orbimed Advisors Increased Aetna New (AET) Stake

January 13, 2018 - By Adrian Mccoy

Tenet Healthcare Corporation (THC) formed multiple bottom with $15.44 target or 5.00% below today’s $16.25 share price. Tenet Healthcare Corporation (THC) has $1.64 billion valuation. The stock increased 5.31% or $0.82 during the last trading session, reaching $16.25. About 5.47 million shares traded or 64.64% up from the average. Tenet Healthcare Corporation (NYSE:THC) has declined 36.81% since January 13, 2017 and is downtrending. It has underperformed by 53.51% the S&P500.

Orbimed Advisors Llc increased Aetna Inc New (AET) stake by 57.28% reported in 2017Q3 SEC filing. Orbimed Advisors Llc acquired 508,600 shares as Aetna Inc New (AET)’s stock rose 12.84%. The Orbimed Advisors Llc holds 1.40M shares with $222.06M value, up from 887,900 last quarter. Aetna Inc New now has $60.08 billion valuation. The stock decreased 0.01% or $0.01 during the last trading session, reaching $184.2. About 2.41M shares traded. Aetna Inc. (NYSE:AET) has risen 28.84% since January 13, 2017 and is uptrending. It has outperformed by 12.14% the S&P500.

Investors sentiment increased to 1.33 in Q3 2017. Its up 0.08, from 1.25 in 2017Q2. It is positive, as 33 investors sold Tenet Healthcare Corporation shares while 57 reduced holdings. 41 funds opened positions while 79 raised stakes. 122.38 million shares or 7.67% more from 113.66 million shares in 2017Q2 were reported. Boston Private Wealth Ltd Co reported 77,505 shares. Deutsche Bancorp Ag holds 0% or 89,766 shares in its portfolio. Td Capital Limited reported 0% stake. Redwood Mngmt Limited Liability Corporation reported 925,000 shares. Pnc Svcs Grp reported 1,949 shares. Caspian Limited Partnership has invested 11.05% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). Moreover, Sterling Cap Limited Liability has 0% invested in Tenet Healthcare Corporation (NYSE:THC). Bnp Paribas Arbitrage reported 0% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). Blackrock owns 16.48 million shares. Voya Invest Management Ltd Company accumulated 0% or 36,713 shares. Aqr Cap Mgmt Limited Liability holds 12,860 shares or 0% of its portfolio. Grantham Mayo Van Otterloo Ltd Liability Com accumulated 238,900 shares or 0.02% of the stock. Rhumbline Advisers holds 0.01% or 145,741 shares. Fmr has 0.01% invested in Tenet Healthcare Corporation (NYSE:THC). New York-based D E Shaw & has invested 0.02% in Tenet Healthcare Corporation (NYSE:THC).

Analysts await Tenet Healthcare Corporation (NYSE:THC) to report earnings on February, 26. They expect $1.29 EPS, up 2,050.00% or $1.23 from last year’s $0.06 per share. THC’s profit will be $130.19 million for 3.15 P/E if the $1.29 EPS becomes a reality. After $-0.17 actual EPS reported by Tenet Healthcare Corporation for the previous quarter, Wall Street now forecasts -858.82% EPS growth.

Among 22 analysts covering Tenet Healthcare Corporation (NYSE:THC), 9 have Buy rating, 4 Sell and 9 Hold. Therefore 41% are positive. Tenet Healthcare Corporation has $68 highest and $13 lowest target. $24.47’s average target is 50.58% above currents $16.25 stock price. Tenet Healthcare Corporation had 71 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird maintained Tenet Healthcare Corporation (NYSE:THC) on Thursday, September 28 with “Buy” rating. The firm earned “Outperform” rating on Friday, September 4 by BMO Capital Markets. Mizuho maintained the stock with “Hold” rating in Wednesday, October 18 report. Mizuho maintained it with “Neutral” rating and $22 target in Wednesday, October 5 report. Ladenburg Thalmann upgraded the stock to “Underperform” rating in Monday, June 13 report. Jefferies maintained it with “Buy” rating and $24.0 target in Wednesday, September 20 report. Deutsche Bank maintained the shares of THC in report on Thursday, August 10 with “Buy” rating. Raymond James downgraded Tenet Healthcare Corporation (NYSE:THC) on Thursday, November 10 to “Mkt Perform” rating. The firm earned “Overweight” rating on Thursday, September 10 by Barclays Capital. As per Monday, November 13, the company rating was maintained by RBC Capital Markets.

Among 24 analysts covering Aetna (NYSE:AET), 10 have Buy rating, 0 Sell and 14 Hold. Therefore 42% are positive. Aetna had 64 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Piper Jaffray with “Hold” on Thursday, August 3. The rating was maintained by Oppenheimer on Wednesday, August 5 with “Hold”. The firm earned “Buy” rating on Thursday, November 2 by Citigroup. Sterne Agee CRT maintained the shares of AET in report on Tuesday, August 4 with “Buy” rating. Credit Suisse initiated the shares of AET in report on Wednesday, December 16 with “Neutral” rating. Evercore initiated Aetna Inc. (NYSE:AET) rating on Friday, September 23. Evercore has “Buy” rating and $128 target. The stock has “Outperform” rating by Raymond James on Friday, November 3. As per Monday, April 3, the company rating was maintained by Oppenheimer. The company was downgraded on Friday, January 8 by Jefferies. The company was upgraded on Thursday, July 30 by Bank of America.

Investors sentiment increased to 0.91 in 2017 Q3. Its up 0.22, from 0.69 in 2017Q2. It is positive, as 42 investors sold AET shares while 302 reduced holdings. 80 funds opened positions while 232 raised stakes. 281.08 million shares or 3.09% less from 290.06 million shares in 2017Q2 were reported. Rdl Fincl owns 9,594 shares or 1.01% of their US portfolio. Bancshares Of Hawaii holds 0.15% or 11,367 shares in its portfolio. Rhenman Partners Asset Mgmt has invested 1.26% in Aetna Inc. (NYSE:AET). Origin Asset Mgmt Llp owns 191,733 shares or 1.87% of their US portfolio. Guardian Cap Lp has 0.01% invested in Aetna Inc. (NYSE:AET) for 2,814 shares. Hartford Invest Mgmt, a Connecticut-based fund reported 79,409 shares. Highland Cap Mngmt Limited Liability Company holds 41,696 shares. Parametric Port Assoc Ltd Company holds 0.2% of its portfolio in Aetna Inc. (NYSE:AET) for 1.12M shares. Palisade Capital Management Lc Nj stated it has 37,145 shares. Old Mutual Customised Solutions (Proprietary) Limited invested in 0.14% or 6,703 shares. Td Asset Mgmt Incorporated owns 318,376 shares or 0.08% of their US portfolio. Moreover, Tdam Usa has 0.01% invested in Aetna Inc. (NYSE:AET). Parkside Retail Bank And Tru holds 326 shares or 0.02% of its portfolio. First Manhattan owns 4,335 shares or 0% of their US portfolio. Franklin Res holds 0.08% of its portfolio in Aetna Inc. (NYSE:AET) for 1.07 million shares.

Since September 15, 2017, it had 0 buys, and 2 sales for $4.15 million activity. Another trade for 15,271 shares valued at $2.47 million was sold by Lynch Karen S. 10,288 shares valued at $1.68M were sold by McCarthy Margaret M on Friday, September 15.

Orbimed Advisors Llc decreased Insmed Inc (NASDAQ:INSM) stake by 2.52 million shares to 1.88 million valued at $58.52M in 2017Q3. It also reduced Boston Scientific Corp (NYSE:BSX) stake by 1.00M shares and now owns 13.40 million shares. Newlink Genetics Corp (Call) (NASDAQ:NLNK) was reduced too.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


>