As At&T (T) Market Value Declined, Holder Lee Danner & Bass Has Lowered Holding by $853,632; As Tenet Healthcare (THC) Share Price Rose, Whitebox Advisors Raised Stake

April 20, 2018 - By olga

Tenet Healthcare Corporation (NYSE:THC) Logo

Lee Danner & Bass Inc decreased its stake in At&T Inc. (T) by 9.3% based on its latest 2017Q4 regulatory filing with the SEC. Lee Danner & Bass Inc sold 22,464 shares as the company’s stock declined 10.37% with the market. The institutional investor held 218,955 shares of the telecommunications equipment company at the end of 2017Q4, valued at $8.51M, down from 241,419 at the end of the previous reported quarter. Lee Danner & Bass Inc who had been investing in At&T Inc. for a number of months, seems to be less bullish one the $227.01B market cap company. The stock increased 0.37% or $0.13 during the last trading session, reaching $34.95. About 5.22M shares traded. AT&T Inc. (NYSE:T) has declined 15.88% since April 20, 2017 and is downtrending. It has underperformed by 27.43% the S&P500.

Andy Redleaf increased its stake in Tenet Healthcare Corp (THC) by 30.58% based on its latest 2017Q4 regulatory filing with the SEC. Whitebox Advisors Llc bought 109,947 shares as the company’s stock rose 57.83% while stock markets declined. The hedge fund run by Andy Redleaf held 469,529 shares of the hospital and nursing management company at the end of 2017Q4, valued at $7.12M, up from 359,582 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 $2.48B market cap company. The stock decreased 0.78% or $0.19 during the last trading session, reaching $24.28. About 109,710 shares traded. Tenet Healthcare Corporation (NYSE:THC) has risen 28.80% since April 20, 2017 and is uptrending. It has outperformed by 17.25% the S&P500.

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 80 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Mizuho on Wednesday, May 4. The firm earned “Mkt Perform” rating on Thursday, November 10 by Raymond James. The company was downgraded on Wednesday, December 20 by Morgan Stanley. Mizuho downgraded it to “Underperform” rating and $13 target in Tuesday, November 22 report. The stock has “Market Perform” rating by Wells Fargo on Tuesday, January 30. Mizuho maintained it with “Neutral” rating and $18 target in Monday, March 27 report. The stock of Tenet Healthcare Corporation (NYSE:THC) earned “Sell” rating by J.P. Morgan on Thursday, December 14. Jefferies maintained the stock with “Buy” rating in Wednesday, September 20 report. The rating was maintained by Piper Jaffray on Monday, September 11 with “Hold”. The company was maintained on Tuesday, February 27 by Jefferies.

Whitebox Advisors Llc, which manages about $8.40B and $3.55B US Long portfolio, decreased its stake in Rh (Put) by 350,000 shares to 97,500 shares, valued at $8.41M in 2017Q4, according to the filing. It also reduced its holding in Par Pacific Holdings Inc (NYSEMKT:PARR) by 1.22M shares in the quarter, leaving it with 4.11 million shares, and cut its stake in Allegheny Technologies Inc (Prn).

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 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. Harris Limited Partnership stated it has 0.19% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). Alliancebernstein Lp reported 124,903 shares. Moreover, Riverhead Ltd Liability Co has 0.01% invested in Tenet Healthcare Corporation (NYSE:THC) for 11,273 shares. D E Shaw Company reported 978,488 shares. Panagora Asset Management Inc holds 0% or 3,684 shares. 11,873 were reported by Amalgamated National Bank & Trust. Dimensional Fund Advsr Limited Partnership has invested 0.01% in Tenet Healthcare Corporation (NYSE:THC). 10,882 are owned by Lpl Finance Lc. State Board Of Administration Of Florida Retirement has 0% invested in Tenet Healthcare Corporation (NYSE:THC). 11,795 were accumulated by Commonwealth Of Pennsylvania Public School Empls Retrmt Sys. Assetmark Inc has 13 shares for 0% of their portfolio. Price Michael F accumulated 400,000 shares or 0.75% of the stock. Thrivent Fincl For Lutherans holds 0% or 17,315 shares in its portfolio. The New York-based Jpmorgan Chase And has invested 0% in Tenet Healthcare Corporation (NYSE:THC). Principal Group holds 0% or 349,090 shares in its portfolio.

Lee Danner & Bass Inc, which manages about $1.12B and $983.84 million US Long portfolio, upped its stake in Merck & Company Inc. (NYSE:MRK) by 5,976 shares to 105,082 shares, valued at $5.91 million in 2017Q4, according to the filing. It also increased its holding in Delta Airlines Inc. (NYSE:DAL) by 10,959 shares in the quarter, for a total of 110,575 shares, and has risen its stake in Celgene Corp. (NASDAQ:CELG).

Investors sentiment decreased to 0.91 in 2017 Q4. Its down 0.26, from 1.17 in 2017Q3. It turned negative, as 67 investors sold T shares while 714 reduced holdings. 125 funds opened positions while 589 raised stakes. 3.09 billion shares or 7.58% less from 3.34 billion shares in 2017Q3 were reported. Tnb Financial stated it has 91,090 shares or 0.66% of all its holdings. Toronto Dominion Bancorporation holds 2.75 million shares or 0.32% of its portfolio. Miles Cap holds 27,879 shares. Sabal Company stated it has 3.38% of its portfolio in AT&T Inc. (NYSE:T). Halbert Hargrove Russell Ltd Liability Com holds 9,490 shares or 0.1% of its portfolio. Tokio Marine Asset Management Ltd holds 0.8% or 136,358 shares in its portfolio. 155,200 are held by Rench Wealth Management. Bokf Na reported 651,249 shares or 0.7% of all its holdings. Peddock Advisors Lc holds 0.15% or 7,800 shares in its portfolio. The Minnesota-based Sns Financial Grp has invested 0.51% in AT&T Inc. (NYSE:T). Kings Point Capital Mgmt has 6,875 shares for 0.06% of their portfolio. South Dakota Invest Council accumulated 0.55% or 641,361 shares. 76,295 are held by Bradley Foster & Sargent Ct. Atria Invs Ltd Liability Corporation accumulated 227,450 shares. 1.07 million are held by Advsrs Asset Incorporated.

Tenet Healthcare Corporation (NYSE:THC) Institutional Positions Chart

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