Tenet Healthcare (THC) Reaches $24.43 After 5.00% Up Move; Burney Co Lifted Deluxe (DLX) Stake

April 24, 2018 - By Marie Mckinney

Tenet Healthcare Corporation (NYSE:THC) Logo

The stock of Tenet Healthcare Corporation (NYSE:THC) is a huge mover today! The stock increased 1.58% or $0.38 during the last trading session, reaching $24.43. About 272,631 shares traded. Tenet Healthcare Corporation (NYSE:THC) has risen 28.80% since April 24, 2017 and is uptrending. It has outperformed by 17.25% the S&P500.The move comes after 5 months positive chart setup for the $2.49 billion company. It was reported on Apr, 24 by Barchart.com. We have $25.65 PT which if reached, will make NYSE:THC worth $124.60M more.

Burney Co increased Deluxe Corp (DLX) stake by 3.49% reported in 2017Q4 SEC filing. Burney Co acquired 4,966 shares as Deluxe Corp (DLX)’s stock declined 4.13%. The Burney Co holds 147,291 shares with $11.32 million value, up from 142,325 last quarter. Deluxe Corp now has $3.62B valuation. The stock increased 0.89% or $0.67 during the last trading session, reaching $75.66. About 56,877 shares traded. Deluxe Corporation (NYSE:DLX) has risen 2.91% since April 24, 2017 and is uptrending. It has underperformed by 8.64% the S&P500.

Investors sentiment decreased to 0.81 in 2017 Q4. Its down 0.38, from 1.19 in 2017Q3. It turned negative, as 21 investors sold DLX shares while 117 reduced holdings. 32 funds opened positions while 80 raised stakes. 42.91 million shares or 1.42% less from 43.53 million shares in 2017Q3 were reported. Bessemer Grp, New Jersey-based fund reported 1,160 shares. Tiaa Cref Limited Liability Corporation has invested 0.01% of its portfolio in Deluxe Corporation (NYSE:DLX). 110,658 were accumulated by Phocas Financial. Fort LP reported 166,562 shares. Teachers Retirement Sys Of The State Of Kentucky stated it has 0.03% of its portfolio in Deluxe Corporation (NYSE:DLX). Koshinski Asset Mngmt has invested 0.09% of its portfolio in Deluxe Corporation (NYSE:DLX). Manufacturers Life Insurance The holds 0.01% in Deluxe Corporation (NYSE:DLX) or 175,158 shares. Rhumbline Advisers reported 0.02% stake. Zacks Investment Management accumulated 3,170 shares. Asset Mgmt accumulated 2,905 shares. Kirr Marbach And Lc In holds 1.95% or 126,143 shares in its portfolio. Stevens Management LP has 5,327 shares. 280 were accumulated by Orrstown Finance Svcs Inc. Hilltop Hldg holds 2,812 shares. Profund Limited invested in 7,148 shares.

Since January 29, 2018, it had 0 insider purchases, and 6 selling transactions for $3.59 million activity. On Monday, January 29 McRoberts Malcolm sold $412,983 worth of Deluxe Corporation (NYSE:DLX) or 5,402 shares. Another trade for 15,900 shares valued at $1.19M was made by Filby John D on Tuesday, March 13. The insider Loosbrock Julie M sold $167,871. Godich Peter J also sold $228,010 worth of Deluxe Corporation (NYSE:DLX) shares. SCHRAM LEE J sold $1.28 million worth of Deluxe Corporation (NYSE:DLX) on Friday, February 23.

Burney Co decreased Deere & Co (NYSE:DE) stake by 62,606 shares to 94,396 valued at $14.77 million in 2017Q4. It also reduced Omnicom Group Inc (NYSE:OMC) stake by 68,352 shares and now owns 80,667 shares. World Fuel Svcs Corp (NYSE:INT) was reduced too.

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 has $68 highest and $13 lowest target. $25.25’s average target is 3.36% above currents $24.43 stock price. Tenet Healthcare Corporation had 81 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, January 23 by William Blair. Citigroup maintained the shares of THC in report on Thursday, August 4 with “Neutral” rating. Credit Suisse initiated the stock with “Hold” rating in Friday, November 3 report. As per Wednesday, May 4, the company rating was downgraded by Mizuho. The firm earned “Neutral” rating on Wednesday, December 16 by Credit Suisse. The firm has “Hold” rating given on Friday, October 13 by SunTrust. The firm has “Mkt Perform” rating given on Thursday, November 10 by Raymond James. The stock of Tenet Healthcare Corporation (NYSE:THC) has “Neutral” rating given on Friday, October 2 by Citigroup. Mizuho maintained it with “Neutral” rating and $22 target in Wednesday, October 5 report. The rating was maintained by Piper Jaffray with “Hold” on Tuesday, August 8.

Analysts await Tenet Healthcare Corporation (NYSE:THC) to report earnings on April, 30 after the close. They expect $-0.02 EPS, up 92.59% or $0.25 from last year’s $-0.27 per share. After $1.40 actual EPS reported by Tenet Healthcare Corporation for the previous quarter, Wall Street now forecasts -101.43% negative EPS growth.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.45, from 1.33 in 2017Q3. It is negative, as 38 investors sold Tenet Healthcare Corporation 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. Moreover, Price Michael F has 0.75% invested in Tenet Healthcare Corporation (NYSE:THC). Pnc Svcs Group owns 269 shares for 0% of their portfolio. Grp Inc One Trading L P accumulated 71,705 shares. Ubs Oconnor Ltd Company holds 50,000 shares or 0.02% of its portfolio. Jane Street Group Inc Limited Liability Corp owns 77,039 shares for 0% of their portfolio. Prelude Mgmt Lc, New York-based fund reported 14,144 shares. Ny State Common Retirement Fund has invested 0% in Tenet Healthcare Corporation (NYSE:THC). Barclays Public Limited Company holds 0% of its portfolio in Tenet Healthcare Corporation (NYSE:THC) for 165,448 shares. Estabrook Capital Mgmt owns 30 shares. Texas Permanent School Fund has 0.01% invested in Tenet Healthcare Corporation (NYSE:THC) for 54,584 shares. Teachers Retirement Systems Of The State Of Kentucky reported 13,585 shares. Moreover, Evercore Wealth Mngmt Ltd Liability Com has 0% invested in Tenet Healthcare Corporation (NYSE:THC) for 65 shares. Pacad Invest reported 100 shares. Laurion Cap L P has invested 0% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). Phoenix Inv Adviser Ltd Liability owns 82,200 shares.

Tenet Healthcare Corporation (NYSE:THC) Institutional Positions Chart

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