Tenet Healthcare Corp Could Rise a Lot According to The Today’s Call Option Activity

 Tenet Healthcare Corp Could Rise a Lot According to The Today's Call Option Activity

In today’s session Tenet Healthcare Corp (THC) registered an unusually high (933) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious THC increase. With 933 contracts traded and 11564 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: THC161118C00016000 closed last at: $1.05 or 110% up. About 244,419 shares traded hands. Tenet Healthcare Corp (NYSE:THC) has declined 48.81% since April 14, 2016 and is downtrending. It has underperformed by 53.49% the S&P500.

Tenet Healthcare Corp (NYSE:THC) Ratings Coverage

Out of 12 analysts covering Tenet Healthcare Corporation (NYSE:THC), 3 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 25% are positive. Tenet Healthcare Corporation has been the topic of 27 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Thursday, September 10 by Barclays Capital. On Monday, August 31 the stock rating was upgraded by BMO Capital Markets to “Outperform”. The stock of Tenet Healthcare Corp (NYSE:THC) has “Market Perform” rating given on Monday, January 4 by Wells Fargo. Ladenburg Thalmann upgraded the shares of THC in a report on Monday, June 13 to “Underperform” rating. Mizuho downgraded the stock to “Neutral” rating in Wednesday, May 4 report. The stock of Tenet Healthcare Corp (NYSE:THC) earned “Neutral” rating by Mizuho on Wednesday, October 5. On Wednesday, December 2 the stock rating was maintained by Mizuho with “Neutral”. The company was upgraded on Tuesday, January 19 by Mizuho. Bank of America downgraded the stock to “Neutral” rating in Wednesday, November 9 report. The stock of Tenet Healthcare Corp (NYSE:THC) earned “Neutral” rating by Credit Suisse on Wednesday, December 16.

According to Zacks Investment Research, “Tenet Healthcare Corp. is an investor-owned health care services company. The company owns or operates general hospitals and related health care facilities serving urban and rural communities in numerous states, and holds investments in other health care companies. The related health care facilities includes a small number of rehabilitation hospitals, specialty hospitals, and long-term care facilities.”

Insitutional Activity: The institutional sentiment decreased to 0.75 in 2016 Q2. Its down 0.15, from 0.9 in 2016Q1. The ratio dropped, as 50 funds sold all Tenet Healthcare Corp shares owned while 92 reduced positions. 36 funds bought stakes while 71 increased positions. They now own 96.93 million shares or 0.90% less from 97.81 million shares in 2016Q1.
American Intl owns 191,043 shares or 0% of their US portfolio. Bnp Paribas Arbitrage has 0.01% invested in the company for 112,767 shares. Carlson Cap Lp has 0.02% invested in the company for 47,396 shares. Amalgamated Bancorp owns 14,283 shares or 0.02% of their US portfolio. Huber Management Lc has 0.63% invested in the company for 558,260 shares. Envestnet Asset Mngmt last reported 0% of its portfolio in the stock. Ameriprise Finance holds 0.01% or 511,084 shares in its portfolio. Vanguard Gp Inc accumulated 0.01% or 6.09 million shares. Cornerstone Cap Management Holdings Ltd Co holds 0.05% or 211,568 shares in its portfolio. Barclays Public Ltd Limited Liability Company, a United Kingdom-based fund reported 275,406 shares. Nj State Employees Deferred Compensation Plan accumulated 0.5% or 85,000 shares. Sg Americas Securities Ltd Limited Liability Company, a New York-based fund reported 78,237 shares. Manufacturers Life Ins The has 134,138 shares for 0.01% of their US portfolio. Principal Incorporated holds 375,927 shares or 0.01% of its portfolio. Columbus Circle Investors accumulated 0.12% or 416,821 shares.

Insider Transactions: Since November 9, 2016, the stock had 2 buys, and 0 sales for $291,200 net activity. Shares for $75,950 were bought by WILVER PETER M on Wednesday, November 9. On Friday, November 11 the insider Rittenmeyer Ronald A bought $215,250.

Tenet Healthcare Corporation is a healthcare services company. The company has a market cap of $1.87 billion. The Firm operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. It currently has negative earnings. The Firm operates through three divisions: Hospital Operations and other, Ambulatory Care and Conifer.

THC Company Profile

Tenet Healthcare Corporation (Tenet), incorporated on November 7, 1975, is a healthcare services company. The Firm operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Firm operates through three divisions: Hospital Operations and Other, Ambulatory Care and Conifer. With its networks, including acute care and specialty hospitals, which are engaged in providing outpatient facilities and related businesses, the Company provides a range of healthcare services in the communities it serve. The Firm operates approximately 90 hospitals, 20 short-stay surgical hospitals, 475 outpatient centers and nine facilities in the United Kingdom and six health plans through its subsidiaries, partnerships and joint ventures. In addition, the Company’s Conifer Holdings, Inc. (Conifer) subsidiary provide healthcare business process services in the areas of revenue cycle management and technology-enabled performance improvement and health management solutions to health systems, as well as individual hospitals, physician practices, self-insured organizations and health plans. The Firm manages the activities of Hi-Desert Medical Center, which is its hospital that has approximately 60 beds, as well as a 120-bed skilled nursing facility, an ambulatory surgery center and an imaging center on the hospital’s campus in Joshua Tree, California.

More important recent Tenet Healthcare Corp (NYSE:THC) news were published by: Fool.com which released: “Hospital Stocks Tenet Healthcare Corp. and Community Health Systems Are …” on November 15, 2016, also Businesswire.com published article titled: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Tenet …”, Businesswire.com published: “Tenet Names Octavio Diaz, M.D., Chief Medical Officer” on November 11, 2016. More interesting news about Tenet Healthcare Corp (NYSE:THC) was released by: Businesswire.com and their article: “THC SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies Investors of a …” with publication date: November 09, 2016.

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