As Blackrock (BLK) Valuation Rose, Shareholder Financial Counselors Decreased Its Position; Phoenix Investment Adviser Lowered Its Position in Tenet Healthcare (THC) by $375,000

May 20, 2018 - By Adrian Erickson

BlackRock, Inc. (NYSE:BLK) Logo

Financial Counselors Inc decreased its stake in Blackrock Inc (BLK) by 66.45% based on its latest 2017Q4 regulatory filing with the SEC. Financial Counselors Inc sold 7,501 shares as the company’s stock rose 3.90% while stock markets declined. The institutional investor held 3,788 shares of the finance company at the end of 2017Q4, valued at $1.95M, down from 11,289 at the end of the previous reported quarter. Financial Counselors Inc who had been investing in Blackrock Inc for a number of months, seems to be less bullish one the $86.85 billion market cap company. The stock increased 0.54% or $2.91 during the last trading session, reaching $538.49. About 518,719 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 41.90% since May 20, 2017 and is uptrending. It has outperformed by 30.35% the S&P500.

Phoenix Investment Adviser Llc decreased its stake in Tenet Healthcare Corp (THC) by 23.32% based on its latest 2017Q4 regulatory filing with the SEC. Phoenix Investment Adviser Llc sold 25,000 shares as the company’s stock rose 57.83% while stock markets declined. The hedge fund held 82,200 shares of the hospital and nursing management company at the end of 2017Q4, valued at $1.25 million, down from 107,200 at the end of the previous reported quarter. Phoenix Investment Adviser Llc who had been investing in Tenet Healthcare Corp for a number of months, seems to be less bullish one the $3.40B market cap company. The stock decreased 1.24% or $0.42 during the last trading session, reaching $33.33. About 985,811 shares traded. Tenet Healthcare Corporation (NYSE:THC) has risen 28.80% since May 20, 2017 and is uptrending. It has outperformed by 17.25% the S&P500.

More important recent Tenet Healthcare Corporation (NYSE:THC) news were published by: Seekingalpha.com which released: “Tenet Healthcare: Buy The Turnaround” on May 06, 2018, also Streetinsider.com published article titled: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F”, Businesswire.com published: “Tenet Announces Executive Leadership Appointments” on May 16, 2018. More interesting news about Tenet Healthcare Corporation (NYSE:THC) was released by: Fool.com and their article: “Why Nutrisystem, Tenet Healthcare, and AbbVie Jumped Today” with publication date: May 01, 2018.

Analysts await Tenet Healthcare Corporation (NYSE:THC) to report earnings on August, 6. They expect $0.22 EPS, up 229.41% or $0.39 from last year’s $-0.17 per share. THC’s profit will be $22.45 million for 37.88 P/E if the $0.22 EPS becomes a reality. After $0.57 actual EPS reported by Tenet Healthcare Corporation for the previous quarter, Wall Street now forecasts -61.40% negative EPS growth.

Investors sentiment decreased to 0.88 in Q4 2017. 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. Bnp Paribas Arbitrage has invested 0% in Tenet Healthcare Corporation (NYSE:THC). Pub Employees Retirement Association Of Colorado invested 0% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). Bessemer Gru Inc holds 0% or 745 shares in its portfolio. 256,639 are owned by Deutsche State Bank Ag. 74,167 are owned by Sg Americas Secs Ltd Limited Liability Company. Credit Suisse Ag, a Switzerland-based fund reported 644,520 shares. Estabrook Capital Management holds 30 shares or 0% of its portfolio. Spark Mgmt Ltd Liability Com has invested 0.09% in Tenet Healthcare Corporation (NYSE:THC). Caspian Capital Lp holds 22.1% of its portfolio in Tenet Healthcare Corporation (NYSE:THC) for 925,000 shares. Cubist Systematic Strategies Limited Liability Com holds 0% of its portfolio in Tenet Healthcare Corporation (NYSE:THC) for 1,995 shares. Nantahala Cap Mngmt Limited Liability Corporation invested 1.11% in Tenet Healthcare Corporation (NYSE:THC). Tudor Invest Et Al reported 0.01% stake. Arizona State Retirement Systems has invested 0.01% in Tenet Healthcare Corporation (NYSE:THC). Morgan Stanley invested in 0% or 404,643 shares. Schwab Charles Mngmt Incorporated has invested 0.01% in Tenet Healthcare Corporation (NYSE:THC).

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 86 analyst reports since July 21, 2015 according to SRatingsIntel. Leerink Swann maintained Tenet Healthcare Corporation (NYSE:THC) on Monday, August 21 with “Outperform” rating. The company was maintained on Thursday, June 1 by Jefferies. As per Monday, June 12, the company rating was maintained by RBC Capital Markets. The rating was maintained by Piper Jaffray with “Hold” on Monday, September 11. The firm earned “Market Perform” rating on Wednesday, February 28 by Wells Fargo. The firm earned “Positive” rating on Wednesday, April 13 by Susquehanna. On Tuesday, April 17 the stock rating was maintained by SunTrust with “Hold”. The stock of Tenet Healthcare Corporation (NYSE:THC) has “Neutral” rating given on Friday, October 2 by Citigroup. The stock of Tenet Healthcare Corporation (NYSE:THC) has “Buy” rating given on Wednesday, November 8 by Leerink Swann. The firm has “Neutral” rating by Bank of America given on Wednesday, November 9.

Among 18 analysts covering BlackRock (NYSE:BLK), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. BlackRock had 89 analyst reports since August 26, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Monday, July 11 report. Jefferies maintained the stock with “Hold” rating in Monday, September 25 report. Deutsche Bank maintained the shares of BLK in report on Tuesday, March 6 with “Buy” rating. The stock has “Hold” rating by Jefferies on Thursday, August 17. The stock of BlackRock, Inc. (NYSE:BLK) has “Buy” rating given on Tuesday, January 26 by Deutsche Bank. The rating was maintained by Argus Research on Thursday, October 15 with “Buy”. Bank of America maintained the shares of BLK in report on Monday, June 19 with “Buy” rating. The firm has “Overweight” rating given on Friday, September 8 by Barclays Capital. As per Tuesday, January 16, the company rating was maintained by Wells Fargo. The rating was maintained by Deutsche Bank with “Buy” on Thursday, March 17.

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Seekingalpha.com which released: “BlackRock partners with ETF investing app Acorns” on May 09, 2018, also 247Wallst.com with their article: “Sturm, Ruger Shareholders Win Vote on Gun Safety Report” published on May 09, 2018, Globenewswire.com published: “BlackRock® Canada Announces May Cash Distributions for the iShares® ETFs” on May 18, 2018. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Streetinsider.com and their article: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” published on May 15, 2018 as well as Investorplace.com‘s news article titled: “Trade of the Day: BlackRock, Inc. Stock Is a Rock-Solid Bounce Candidate” with publication date: May 07, 2018.

Investors sentiment decreased to 1.19 in Q4 2017. Its down 0.19, from 1.38 in 2017Q3. It dived, as 42 investors sold BLK shares while 325 reduced holdings. 122 funds opened positions while 313 raised stakes. 129.61 million shares or 0.73% less from 130.57 million shares in 2017Q3 were reported. Palouse Mgmt Inc holds 0.27% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 1,547 shares. Lucus Advsr Limited Liability owns 483 shares. Guggenheim Cap Ltd stated it has 0.13% in BlackRock, Inc. (NYSE:BLK). Barrett Asset Limited Liability owns 65,119 shares for 2.36% of their portfolio. Lord Abbett And Limited Company has invested 0.04% in BlackRock, Inc. (NYSE:BLK). Carderock Mgmt reported 3,007 shares. D E Shaw Co holds 0.03% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 47,230 shares. First Republic Mgmt Incorporated reported 0.21% stake. Sandler Mngmt invested in 0.44% or 6,100 shares. Da Davidson And Comm accumulated 0.09% or 8,691 shares. Stonebridge Ltd Liability Corp owns 16,352 shares. Argent accumulated 4,885 shares. Cutler Counsel Ltd accumulated 2.54% or 25,556 shares. Dnb Asset As accumulated 16,741 shares or 0.1% of the stock. Bainco Investors, a Massachusetts-based fund reported 12,218 shares.

Tenet Healthcare Corporation (NYSE:THC) Institutional Positions Chart

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