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Natixis Advisors LLC boosted its holdings in Tenet Healthcare Co. ( NYSE:THC – Free Report ) by 19.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 39,948 shares of the company’s stock after purchasing an additional 6,491 shares during the period. Natixis Advisors LLC’s holdings in Tenet Healthcare were worth $6,639,000 as of its most recent filing with the Securities & Exchange Commission. A number of other large investors also recently modified their holdings of the business. Innealta Capital LLC acquired a new position in Tenet Healthcare during the 2nd quarter valued at $28,000. Plato Investment Management Ltd bought a new stake in shares of Tenet Healthcare in the third quarter valued at about $28,000. ORG Wealth Partners LLC bought a new position in Tenet Healthcare during the third quarter valued at about $30,000. ORG Partners LLC bought a new stake in shares of Tenet Healthcare in the 2nd quarter worth approximately $31,000. Finally, Blue Trust Inc. increased its position in shares of Tenet Healthcare by 93.0% during the second quarter. Blue Trust Inc. now owns 249 shares of the company’s stock valued at $33,000 after purchasing an additional 120 shares during the period. 95.44% of the stock is currently owned by institutional investors and hedge funds. Insider Activity In other news, EVP Lisa Y. Foo sold 4,000 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $155.94, for a total value of $623,760.00. Following the transaction, the executive vice president now directly owns 15,566 shares in the company, valued at $2,427,362.04. This trade represents a 20.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, insider R. Scott Ramsey sold 11,599 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $162.06, for a total value of $1,879,733.94. Following the completion of the sale, the insider now owns 6,324 shares of the company’s stock, valued at $1,024,867.44. This represents a 64.72 % decrease in their position. The disclosure for this sale can be found here . In the last quarter, insiders have sold 17,599 shares of company stock valued at $2,830,834. 0.93% of the stock is currently owned by insiders. Analyst Ratings Changes Read Our Latest Research Report on THC Tenet Healthcare Stock Performance Shares of Tenet Healthcare stock opened at $143.57 on Friday. The firm has a 50 day simple moving average of $158.86 and a 200 day simple moving average of $147.87. Tenet Healthcare Co. has a fifty-two week low of $65.90 and a fifty-two week high of $171.20. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.58 and a quick ratio of 1.52. The firm has a market cap of $13.65 billion, a P/E ratio of 4.60, a P/E/G ratio of 0.69 and a beta of 2.15. Tenet Healthcare ( NYSE:THC – Get Free Report ) last released its earnings results on Tuesday, October 29th. The company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.60. The company had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.05 billion. Tenet Healthcare had a return on equity of 24.05% and a net margin of 14.91%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 earnings per share. Sell-side analysts predict that Tenet Healthcare Co. will post 11.38 earnings per share for the current fiscal year. Tenet Healthcare Profile ( Free Report ) Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States. The company operates through two segments: Hospital Operations and Services, and Ambulatory Care. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. Read More Want to see what other hedge funds are holding THC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tenet Healthcare Co. ( NYSE:THC – Free Report ). Receive News & Ratings for Tenet Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenet Healthcare and related companies with MarketBeat.com's FREE daily email newsletter .Former vice president, Atiku Abubakar, has appealed to Christians in the country to embrace peace unity, especially during festive period. In a statement by his media adviser, Paul Ibe, on Tuesday, Atiku urged Nigerians to emulate life of Jesus Christ. He said: “Atiku Abubakar, the former Vice President of Nigeria and the Peoples Democratic Party (PDP) presidential candidate in the 2023 elections, extends heartfelt Christmas felicitations to the Christian community in Nigeria as they celebrate the 2024 commemoration of the birth of Jesus Christ. “In his message, Atiku implored Nigerians to embrace a life of love and unity, drawing inspiration from the joyous spirit of the Christmas season. “He urged citizens to be guided by compassion and selflessness, encouraging them to cherish the significance of Christmas as a time for reflection and togetherness. Speaking further, Atiku berated President Bola Tinubu’s administration over economic challenges facing the country. He said: “The Waziri Adamawa, however, did not shy away from pointing out the failure of current political leaders to make the necessary sacrifices for the nation’s collective good. “He condemned the lack of leadership, which has resulted in widespread suffering and preventable deaths across the country. “Yet, despite these grave challenges, Atiku appealed to Nigerians to remain united, to embrace one another with love, and to confront the root cause of their struggles, poor leadership. “With love and unity, there is no obstacle too great to overcome. Let us, therefore, come together to share love and joy with all people of goodwill.”
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