Tenet Healthcare (THC)

• Market cap: $16.2B
• 1 day: 0.36%
• 5 days: -4.44%
• 1 month: 7.09%
• 3 months: 9.56%
• 6 months: 43.34%
• Year to date: 46.52%
• 1 year: 16.89%
• 5 years: 516.08%
• 10 years: 289.12%
• Sector: Healthcare
• Industry: Medical Care Facilities

About: Tenet Healthcare is a Dallas-based healthcare services organization. It operates acute and specialty hospitals (47 as of December 2024) and over 500 ambulatory surgery centers and other outpatient facilities across the US, primarily in the South. Through its Conifer segment, Tenet also provides revenue cycle management solutions.

Employees: 98,000

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

108% more first-time investments, than exits

New positions opened: 129 | Existing positions closed: 62

39% more call options, than puts

Call options by funds: $346M | Put options by funds: $249M

29% more funds holding in top 10

Funds holding in top 10: 14 [Q1] → 18 (+4) [Q2]

28% more capital invested

Capital invested by funds: $11.9B [Q1] → $15.2B (+$3.28B) [Q2]

11% more funds holding

Funds holding: 556 [Q1] → 618 (+62) [Q2]

0.48% more ownership

Funds ownership: 92.68% [Q1] → 93.16% (+0.48%) [Q2]

19% less repeat investments, than reductions

Existing positions increased: 188 | Existing positions reduced: 232

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $167
• Avg. target: $202
• High target: $238

12 analyst ratings

• positive: 11 92%
• neutral: 1 8%
• negative: 0 0%

B of A Securities Kevin Fischbeck	$225	Buy Maintained	10 Sep 2025
Cantor Fitzgerald Sarah James	$190	Overweight Reiterated	26 Aug 2025
Wells Fargo Stephen Baxter	$200	Overweight Maintained	14 Aug 2025
JP Morgan Benjamin Rossi	$200	Overweight Maintained	4 Aug 2025
Baird Michael Ha	$167	Neutral Maintained	25 Jul 2025