Market News

King Street Capital Management LP Lowered Its Holding in Tenet Healthcare (THC) by $6.00 Million as Stock Rose; Menora Mivtachim Holdings LTD Holding in Mylan N V (MYL) Has Lowered as Share Value Declined

Tenet Healthcare Corporation (NYSE:THC) Logo

Brian J. Higgins decreased its stake in Tenet Healthcare Corp (THC) by 21.05% based on its latest 2017Q4 regulatory filing with the SEC. King Street Capital Management Lp sold 400,000 shares as the company’s stock rose 57.83% while stock markets declined. The hedge fund run by Brian J. Higgins held 1.50 million shares of the hospital and nursing management company at the end of 2017Q4, valued at $22.74 million, down from 1.90M at the end of the previous reported quarter. King Street Capital Management Lp who had been investing in Tenet Healthcare Corp for a number of months, seems to be less bullish one the $3.41B market cap company. The stock increased 0.91% or $0.3 during the last trading session, reaching $33.39. About 449,295 shares traded. Tenet Healthcare Corporation (NYSE:THC) has risen 28.80% since May 16, 2017 and is uptrending. It has outperformed by 17.25% the S&P500.

Menora Mivtachim Holdings Ltd decreased its stake in Mylan N V (MYL) by 39.81% based on its latest 2017Q4 regulatory filing with the SEC. Menora Mivtachim Holdings Ltd sold 1.46 million shares as the company’s stock declined 5.99% with the market. The institutional investor held 2.21 million shares of the major pharmaceuticals company at the end of 2017Q4, valued at $93.58M, down from 3.67M at the end of the previous reported quarter. Menora Mivtachim Holdings Ltd who had been investing in Mylan N V for a number of months, seems to be less bullish one the $20.06B market cap company. The stock increased 1.19% or $0.46 during the last trading session, reaching $38.96. About 1.36M shares traded. Mylan N.V. (NASDAQ:MYL) has declined 5.23% since May 16, 2017 and is downtrending. It has underperformed by 16.78% the S&P500.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.45, from 1.33 in 2017Q3. It worsened, as 38 investors sold THC shares while 64 reduced holdings. 32 funds opened positions while 58 raised stakes. 113.62 million shares or 7.16% less from 122.38 million shares in 2017Q3 were reported. Cwm Ltd invested in 0% or 150 shares. Pomelo Ltd Liability has invested 0.08% in Tenet Healthcare Corporation (NYSE:THC). Synovus Fincl invested in 30,196 shares or 0.01% of the stock. State Treasurer State Of Michigan holds 29,000 shares. Westport Asset stated it has 1,000 shares or 0.01% of all its holdings. Spark Ltd Liability Com reported 107,900 shares stake. Natl Bank Of Montreal Can reported 361,983 shares. Oakworth invested 0% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). Aqr Mngmt Ltd Liability invested in 0% or 177,469 shares. Panagora Asset Mngmt Inc reported 0% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). New Mexico Educational Retirement Board holds 20,000 shares or 0.01% of its portfolio. Public Employees Retirement Association Of Colorado holds 0% of its portfolio in Tenet Healthcare Corporation (NYSE:THC) for 20,949 shares. Morgan Stanley holds 0% or 404,643 shares in its portfolio. 500 were reported by Clearbridge Investments. Phoenix Invest Adviser Ltd Co invested in 1.19% or 82,200 shares.

Analysts await Tenet Healthcare Corporation (NYSE:THC) to report earnings on August, 6. They expect $0.22 EPS, up 229.41% or $0.39 from last year’s $-0.17 per share. THC’s profit will be $22.45 million for 37.94 P/E if the $0.22 EPS becomes a reality. After $0.57 actual EPS reported by Tenet Healthcare Corporation for the previous quarter, Wall Street now forecasts -61.40% negative EPS growth.

More important recent Tenet Healthcare Corporation (NYSE:THC) news were published by: Investorplace.com which released: “5 Top-Ranked Stocks Leading the Market Rally This Year” on May 14, 2018, also Streetinsider.com published article titled: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F”, Seekingalpha.com published: “Tenet Healthcare: Buy The Turnaround” on May 06, 2018. More interesting news about Tenet Healthcare Corporation (NYSE:THC) was released by: Fool.com and their article: “Why Nutrisystem, Tenet Healthcare, and AbbVie Jumped Today” with publication date: May 01, 2018.

Among 23 analysts covering Tenet Healthcare Corporation (NYSE:THC), 10 have Buy rating, 4 Sell and 9 Hold. Therefore 43% are positive. Tenet Healthcare Corporation had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, February 27 by Jefferies. The firm has “Buy” rating by Jefferies given on Tuesday, August 8. The firm has “Hold” rating given on Tuesday, July 25 by Piper Jaffray. Mizuho maintained Tenet Healthcare Corporation (NYSE:THC) rating on Thursday, March 22. Mizuho has “Buy” rating and $2900 target. BMO Capital Markets upgraded Tenet Healthcare Corporation (NYSE:THC) on Friday, September 4 to “Outperform” rating. Bank of America downgraded the stock to “Neutral” rating in Wednesday, November 9 report. As per Tuesday, January 23, the company rating was maintained by William Blair. Goldman Sachs initiated it with “Hold” rating and $15.0 target in Wednesday, January 3 report. The firm earned “Sell” rating on Thursday, December 14 by J.P. Morgan. The stock of Tenet Healthcare Corporation (NYSE:THC) earned “Neutral” rating by Goldman Sachs on Tuesday, July 21.

Menora Mivtachim Holdings Ltd, which manages about $2.59B US Long portfolio, upped its stake in Microsoft Corp (NASDAQ:MSFT) by 258,015 shares to 261,335 shares, valued at $22.36M in 2017Q4, according to the filing. It also increased its holding in Wix Com Ltd (NASDAQ:WIX) by 747,732 shares in the quarter, for a total of 1.80 million shares, and has risen its stake in Applied Matls Inc (NASDAQ:AMAT).

Analysts await Mylan N.V. (NASDAQ:MYL) to report earnings on August, 8. They expect $1.24 earnings per share, up 12.73% or $0.14 from last year’s $1.1 per share. MYL’s profit will be $638.33 million for 7.85 P/E if the $1.24 EPS becomes a reality. After $0.96 actual earnings per share reported by Mylan N.V. for the previous quarter, Wall Street now forecasts 29.17% EPS growth.

Investors sentiment increased to 3 in 2017 Q4. Its up 2.67, from 0.33 in 2017Q3. It improved, as 0 investors sold MYL shares while 1 reduced holdings. 3 funds opened positions while 0 raised stakes. 292,846 shares or 88.91% more from 155,019 shares in 2017Q3 were reported. Van Hulzen Asset Ltd Liability Corporation, California-based fund reported 120,545 shares. Mirae Asset Global Communication Ltd has invested 0.01% in Mylan N.V. (NASDAQ:MYL). Vantage Inv Advsrs Limited holds 0% or 337 shares. Gulf Intll Retail Bank (Uk) Ltd reported 139,930 shares.

Among 22 analysts covering Mylan Inc. (NASDAQ:MYL), 16 have Buy rating, 0 Sell and 6 Hold. Therefore 73% are positive. Mylan Inc. had 74 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Buy” rating by Argus Research given on Friday, August 7. The stock of Mylan N.V. (NASDAQ:MYL) has “Overweight” rating given on Tuesday, March 6 by Morgan Stanley. Morgan Stanley maintained Mylan N.V. (NASDAQ:MYL) on Friday, October 6 with “Equal-Weight” rating. Cantor Fitzgerald maintained Mylan N.V. (NASDAQ:MYL) on Thursday, March 1 with “Hold” rating. On Monday, October 10 the stock rating was maintained by UBS with “Buy”. The rating was maintained by Mizuho on Friday, November 18 with “Buy”. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, February 6. As per Thursday, March 1, the company rating was maintained by UBS. The firm has “Market Perform” rating by Cowen & Co given on Monday, July 27. Susquehanna maintained it with “Buy” rating and $55.0 target in Thursday, January 25 report.

Tenet Healthcare Corporation (NYSE:THC) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *