Whitebox Advisors Holding In Tenet Healthcare (THC) Was Has Upped; Univest Pa (UVSP) Shareholder Univest Of Pennsylvania Cut Stake

February 16, 2018 - By Marguerite Chambers

Andy Redleaf increased its stake in Tenet Healthcare Corp (THC) by 19.01% based on its latest 2017Q3 regulatory filing with the SEC. Whitebox Advisors Llc bought 57,431 shares as the company’s stock declined 9.34% while stock markets rallied. The hedge fund run by Andy Redleaf held 359,582 shares of the hospital and nursing management company at the end of 2017Q3, valued at $5.91 million, up from 302,151 at the end of the previous reported quarter. Whitebox Advisors Llc who had been investing in Tenet Healthcare Corp for a number of months, seems to be bullish on the $1.97B market cap company. The stock increased 4.11% or $0.77 during the last trading session, reaching $19.49. About 2.45M shares traded. Tenet Healthcare Corporation (NYSE:THC) has declined 36.81% since February 16, 2017 and is downtrending. It has underperformed by 53.51% the S&P500.

Univest Corp Of Pennsylvania decreased its stake in Univest Corp Pa (UVSP) by 21.56% based on its latest 2017Q3 regulatory filing with the SEC. Univest Corp Of Pennsylvania sold 160,154 shares as the company’s stock declined 2.60% while stock markets rallied. The institutional investor held 582,593 shares of the major banks company at the end of 2017Q3, valued at $18.64M, down from 742,747 at the end of the previous reported quarter. Univest Corp Of Pennsylvania who had been investing in Univest Corp Pa for a number of months, seems to be less bullish one the $809.64 million market cap company. The stock increased 0.91% or $0.25 during the last trading session, reaching $27.6. About 72,914 shares traded. Univest Corporation of Pennsylvania (NASDAQ:UVSP) has risen 45.10% since February 16, 2017 and is uptrending. It has outperformed by 28.40% the S&P500.

Investors sentiment increased to 1.33 in 2017 Q3. Its up 0.08, from 1.25 in 2017Q2. It increased, as 33 investors sold THC 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. Cibc Ww Mkts has invested 0% in Tenet Healthcare Corporation (NYSE:THC). Carlson Lp holds 0.1% or 350,000 shares. Moreover, Alliancebernstein LP has 0% invested in Tenet Healthcare Corporation (NYSE:THC). Edge Wealth Mgmt Llc owns 60 shares. 13,585 are held by Teachers Retirement Systems Of The State Of Kentucky. Columbus Circle Investors reported 0.04% in Tenet Healthcare Corporation (NYSE:THC). Retail Bank Of America De owns 0% invested in Tenet Healthcare Corporation (NYSE:THC) for 208,852 shares. Parametric Portfolio Assoc Llc has invested 0.01% in Tenet Healthcare Corporation (NYSE:THC). Cwm Ltd Liability Corp has 0% invested in Tenet Healthcare Corporation (NYSE:THC) for 150 shares. State Board Of Administration Of Florida Retirement System invested in 58,898 shares. New Jersey-based Redwood Capital Management Ltd Liability Company has invested 1.55% in Tenet Healthcare Corporation (NYSE:THC). Hap Trading Lc invested in 48,606 shares or 0.04% of the stock. State Street has invested 0% in Tenet Healthcare Corporation (NYSE:THC). Dimensional Fund Advsrs Lp owns 2.53 million shares. Meeder Asset Mgmt Incorporated stated it has 0.09% of its portfolio in Tenet Healthcare Corporation (NYSE:THC).

Among 23 analysts covering Tenet Healthcare Corporation (NYSE:THC), 8 have Buy rating, 4 Sell and 11 Hold. Therefore 35% are positive. Tenet Healthcare Corporation had 73 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Mizuho given on Wednesday, December 2. The company was downgraded on Monday, January 4 by Wells Fargo. The firm has “Market Perform” rating given on Tuesday, January 30 by Wells Fargo. The stock of Tenet Healthcare Corporation (NYSE:THC) earned “Outperform” rating by Leerink Swann on Monday, August 21. The stock of Tenet Healthcare Corporation (NYSE:THC) earned “Outperform” rating by Wells Fargo on Tuesday, June 6. Leerink Swann maintained the stock with “Buy” rating in Wednesday, November 8 report. The company was maintained on Monday, October 30 by RBC Capital Markets. Citigroup initiated the shares of THC in report on Friday, October 2 with “Neutral” rating. Jefferies maintained Tenet Healthcare Corporation (NYSE:THC) rating on Thursday, July 13. Jefferies has “Buy” rating and $2600 target. The firm has “Neutral” rating given on Wednesday, November 9 by Bank of America.

Whitebox Advisors Llc, which manages about $8.40B and $3.42B US Long portfolio, decreased its stake in Constellium Nv (NYSE:CSTM) by 40,000 shares to 133,552 shares, valued at $1.37 million in 2017Q3, according to the filing. It also reduced its holding in Altaba Inc by 1.42 million shares in the quarter, leaving it with 5.64M shares, and cut its stake in Invesco Mortgage Capital Inc (NYSE:IVR).

Univest Corp Of Pennsylvania, which manages about $236.97M US Long portfolio, upped its stake in Jpmorgan Chase & Co (NYSE:JPM) by 4,374 shares to 55,511 shares, valued at $5.30 million in 2017Q3, according to the filing. It also increased its holding in Te Connectivity Ltd (NYSE:TEL) by 4,103 shares in the quarter, for a total of 56,317 shares, and has risen its stake in Select Sector Spdr Tr (XLU).

Among 3 analysts covering Univest Corp. of PA (NASDAQ:UVSP), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Univest Corp. of PA had 15 analyst reports since August 22, 2015 according to SRatingsIntel. The company was maintained on Thursday, January 25 by Keefe Bruyette & Woods. Piper Jaffray maintained Univest Corporation of Pennsylvania (NASDAQ:UVSP) on Thursday, July 13 with “Buy” rating. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, October 26. The rating was downgraded by Sandler O’Neill to “Hold” on Monday, September 25. The stock of Univest Corporation of Pennsylvania (NASDAQ:UVSP) earned “Buy” rating by Piper Jaffray on Tuesday, December 5. On Thursday, July 14 the stock rating was initiated by Piper Jaffray with “Overweight”. The firm earned “Buy” rating on Thursday, June 1 by Keefe Bruyette & Woods. Piper Jaffray maintained it with “Buy” rating and $31.0 target in Tuesday, January 30 report. Keefe Bruyette & Woods downgraded the shares of UVSP in report on Tuesday, October 3 to “Hold” rating. The firm has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods.

Investors sentiment decreased to 0.86 in 2017 Q3. Its down 0.06, from 0.92 in 2017Q2. It dived, as 11 investors sold UVSP shares while 38 reduced holdings. 13 funds opened positions while 29 raised stakes. 14.60 million shares or 10.54% less from 16.32 million shares in 2017Q2 were reported. Vanguard Gp invested 0% of its portfolio in Univest Corporation of Pennsylvania (NASDAQ:UVSP). Intl Gp holds 0% in Univest Corporation of Pennsylvania (NASDAQ:UVSP) or 17,408 shares. Parametric Portfolio Associates Ltd Limited Liability Company reported 0% stake. Tower Rech Cap Ltd Liability Co (Trc) reported 0.01% in Univest Corporation of Pennsylvania (NASDAQ:UVSP). Alliancebernstein Lp invested in 0% or 30,754 shares. Credit Suisse Ag accumulated 56,281 shares. 29,169 are held by New York State Common Retirement Fund. First Advsrs Lp owns 33,990 shares or 0% of their US portfolio. Cambridge Invest Advsrs accumulated 0.01% or 21,138 shares. Td Asset Management has invested 0% in Univest Corporation of Pennsylvania (NASDAQ:UVSP). Citadel Advsr Llc has 0% invested in Univest Corporation of Pennsylvania (NASDAQ:UVSP). North Star Inv Mngmt Corporation invested in 201 shares or 0% of the stock. First Manhattan has invested 0.01% in Univest Corporation of Pennsylvania (NASDAQ:UVSP). Rhumbline Advisers has invested 0% in Univest Corporation of Pennsylvania (NASDAQ:UVSP). Invesco Limited invested 0% in Univest Corporation of Pennsylvania (NASDAQ:UVSP).

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