Goldman Sachs Group Trimmed Stake in Tenet Healthcare (THC) by $7.94 Million as Stock Value Rose; As Pnc Finl Svcs Group (PNC) Shares Rose, Goelzer Investment Management Lowered Its Stake

[ad_1]

Goldman Sachs Group Inc decreased its stake in Tenet Healthcare Corp (THC) by 24.65% based on its latest 2019Q2 regulatory filing with the SEC. Goldman Sachs Group Inc sold 397,022 shares as the company’s stock rose 10.61% . The institutional investor held 1.21 million shares of the hospital and nursing management company at the end of 2019Q2, valued at $25.07 million, down from 1.61 million at the end of the previous reported quarter. Goldman Sachs Group Inc who had been investing in Tenet Healthcare Corp for a number of months, seems to be less bullish one the $2.39 billion market cap company. The stock increased 2.03% or $0.45 during the last trading session, reaching $22.58. About 1.12 million shares traded. Tenet Healthcare Corporation (NYSE:THC) has declined 37.03% since October 12, 2018 and is downtrending. It has underperformed by 37.03% the S&P500. Some Historical THC News: 26/04/2018 – TENET HEALTHCARE – PURCHASED REMAINING 15% OWNERSHIP INTEREST IN UNITED SURGICAL PARTNERS INTERNATIONAL OWNED BY WELSH, CARSON, ANDERSON & STOWE; 26/04/2018 – TENET HEALTHCARE – PAID WCAS $630 MLN TO PURCHASE 15% OWNERSHIP INTEREST IN USPI, TO SATISFY TRUE-UP OBLIGATIONS FROM 2017 EQUITY PURCHASE; 01/05/2018 – TENET Leverages XKL’s Optical Transponders and Amplifiers to Enhance London to Cape Town Subsea Network; 25/04/2018 – Tenet Diagnostics Recommends Pharmacogenetic Testing to Improve Clinical Outcomes, Lower Healthcare Costs for Self-Insured; 08/05/2018 – Tenet Diagnostics Supports Monitoring Gabapentin as `Drug of Concern’ Amid Staggering Utilization by Opioid Users and Misuse; 29/05/2018 – Tenet Healthcare Names Lloyd Austin, Meghan FitzGerald to Board; 23/05/2018 – Tenet Diagnostics Examines the Role of Pharmacogenomic Testing to Lower Medication Costs and Overall Healthcare Expenditures at; 16/05/2018 – Tenet Healthcare: Marie Quintana Named Chief Marketing Officer; 29/05/2018 – TENET HEALTHCARE – APPOINTMENT OF 2 INDEPENDENT DIRECTORS TO BOARD GENERAL LLOYD J. AUSTIN, lll AND MEGHAN M. FITZGERALD; 25/04/2018 – Tenet Diagnostics Recommends Pharmacogenetic Testing to Improve Clinical Outcomes, Lower Healthcare Costs for Self-lnsured Employers

Goelzer Investment Management Inc decreased its stake in Pnc Finl Svcs Group Inc (PNC) by 72.01% based on its latest 2019Q2 regulatory filing with the SEC. Goelzer Investment Management Inc sold 16,000 shares as the company’s stock rose 5.69% . The institutional investor held 6,219 shares of the finance company at the end of 2019Q2, valued at $854,000, down from 22,219 at the end of the previous reported quarter. Goelzer Investment Management Inc who had been investing in Pnc Finl Svcs Group Inc for a number of months, seems to be less bullish one the $62.51 billion market cap company. The stock increased 1.43% or $1.98 during the last trading session, reaching $140.4. About 2.31M shares traded or 11.80% up from the average. The PNC Financial Services Group, Inc. (NYSE:PNC) has declined 1.69% since October 12, 2018 and is downtrending. It has underperformed by 1.69% the S&P500. Some Historical PNC News: 31/05/2018 – WORKFUSION EXPANDS $50M SERIES E ROUND, ADDS GUARDIAN, NEWYORK-PRESBYTERIAN, PNC FINANCIAL SERVICES GROUP AND Al CAPITAL AS STRATEGIC INVESTORS; 17/04/2018 – InvestConsultant: PNC Bank snaps up BNY Mellon’s wealth chief; 13/04/2018 – PNC FINANCIAL SERVICES GROUP INC – QTRLY NET INTEREST INCOME OF $2.4 BLN VS $2.2 BLN LAST YEAR; 13/04/2018 – PNC Financial 1Q Return on Average Assets 1.34%; 13/04/2018 – PNC 1Q PROVISION FOR CREDIT LOSSES $92M, EST. $133.8M; 13/04/2018 – PNC Financial 1Q Rev $4.11B; 13/04/2018 – PNC 1Q EPS $2.43; 13/04/2018 – PNC Financial 1Q Net Interest Income $2.36B; 16/05/2018 – PNC Presenting at Deutsche Bank Conference May 30; 13/04/2018 – PNC SEES 2Q 2018 NET INTEREST INCOME UP LOW SINGLE-DIGITS

Investors sentiment increased to 1.32 in 2019 Q2. Its up 0.45, from 0.87 in 2019Q1. It increased, as 31 investors sold THC shares while 57 reduced holdings. 35 funds opened positions while 81 raised stakes. 104.61 million shares or 4.84% more from 99.78 million shares in 2019Q1 were reported. Stevens Capital Management Lp holds 0.02% or 23,418 shares. Moreover, James Investment Inc has 0.02% invested in Tenet Healthcare Corporation (NYSE:THC). 168,093 are owned by Hsbc Hldgs Public Limited. Wells Fargo And Mn accumulated 0% or 336,051 shares. Bermuda-based Fil Limited has invested 0% in Tenet Healthcare Corporation (NYSE:THC). Partner Fund Mngmt Ltd Partnership holds 0.58% or 1.48M shares. Connor Clark And Lunn Investment Mngmt Ltd invested 0.01% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). Massachusetts Services Ma owns 135,149 shares. New Mexico Educational Retirement Board reported 14,400 shares stake. Mackenzie Financial Corporation reported 150,894 shares. Cullen Frost Bankers Inc owns 0% invested in Tenet Healthcare Corporation (NYSE:THC) for 700 shares. Lombard Odier Asset Mngmt (Usa) Corporation reported 21,000 shares. Apg Asset Mgmt Nv has 1.16 million shares for 0.04% of their portfolio. Redwood Capital Mngmt Ltd Llc accumulated 1.27M shares or 1.78% of the stock. Ameriprise holds 310,799 shares or 0% of its portfolio.

Analysts await Tenet Healthcare Corporation (NYSE:THC) to report earnings on November, 4. They expect $0.28 EPS, down 3.45% or $0.01 from last year’s $0.29 per share. THC’s profit will be $29.61M for 20.16 P/E if the $0.28 EPS becomes a reality. After $0.56 actual EPS reported by Tenet Healthcare Corporation for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.

More notable recent Tenet Healthcare Corporation (NYSE:THC) news were published by: Finance.Yahoo.com which released: “Tenet Healthcare Corp (THC) Q2 2019 Earnings Call Transcript – Yahoo Finance” on August 06, 2019, also Finance.Yahoo.com with their article: “The Week In Cannabis: Eaze Countersues DionyMed, CannTrust’s License Suspended And More – Yahoo Finance” published on September 22, 2019, Prnewswire.com published: “Online Growth is Now Fueling a Second Boom for Cannabis Companies – PRNewswire” on September 25, 2019. More interesting news about Tenet Healthcare Corporation (NYSE:THC) were released by: Fool.com and their article: “How Risky Is Aurora Cannabis’ Big Bet on Cannabis 2.0? – Motley Fool” published on October 06, 2019 as well as Seekingalpha.com‘s news article titled: “Teva Won’t Find Relevancy Through Cannabis – Seeking Alpha” with publication date: September 24, 2019.

Since July 24, 2019, it had 5 insider purchases, and 0 selling transactions for $25.12 million activity.

Goldman Sachs Group Inc, which manages about $347.49 billion US Long portfolio, upped its stake in Msci Inc (NYSE:MSCI) by 56,833 shares to 1.13M shares, valued at $270.31M in 2019Q2, according to the filing. It also increased its holding in Compania De Minas Buenaventu (NYSE:BVN) by 127,723 shares in the quarter, for a total of 899,682 shares, and has risen its stake in Newmarket Corp (NYSE:NEU).

Investors sentiment decreased to 0.84 in 2019 Q2. Its down 0.03, from 0.87 in 2019Q1. It fall, as 41 investors sold PNC shares while 358 reduced holdings. 84 funds opened positions while 252 raised stakes. 352.14 million shares or 0.51% less from 353.96 million shares in 2019Q1 were reported. 10,000 were accumulated by Nj State Employees Deferred Compensation Plan. Susquehanna Intll Group Llp reported 7,987 shares. Tci Wealth Advisors Incorporated reported 0.01% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Cranbrook Wealth Limited Liability Corporation has 0% invested in The PNC Financial Services Group, Inc. (NYSE:PNC) for 9 shares. Prio Wealth Ltd Partnership accumulated 0.43% or 67,968 shares. Schmidt P J Inv Mngmt stated it has 51,322 shares or 2.04% of all its holdings. Appleton Partners Ma accumulated 3,570 shares. 1,543 are held by Brighton Jones Ltd Company. Bollard Gru Limited reported 149 shares. 60,460 are owned by Boston Common Asset Ltd Liability Corporation. Proshare Advsr Limited Liability Com owns 124,366 shares for 0.1% of their portfolio. New Mexico Educational Retirement Board reported 0.22% in The PNC Financial Services Group, Inc. (NYSE:PNC). Boston Limited Com has invested 0.17% in The PNC Financial Services Group, Inc. (NYSE:PNC). Gabelli Funds Lc invested in 0.47% or 538,700 shares. Washington Commercial Bank stated it has 53,080 shares.

Goelzer Investment Management Inc, which manages about $1.05 billion and $1.09B US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (SPY) by 33,256 shares to 116,409 shares, valued at $34.11 million in 2019Q2, according to the filing. It also increased its holding in Workday Inc (NYSE:WDAY) by 7,637 shares in the quarter, for a total of 12,726 shares, and has risen its stake in Unitedhealth Group Inc (NYSE:UNH).

Since August 23, 2019, it had 1 insider purchase, and 0 selling transactions for $124,380 activity.

More notable recent The PNC Financial Services Group, Inc. (NYSE:PNC) news were published by: 247Wallst.com which released: “Baird Says US Banks Still Have Big Value: 4 to Buy Now – 24/7 Wall St.” on September 27, 2019, also Bizjournals.com with their article: “PNC’s McCrady presented with Community Impact award by American Banker – Pittsburgh Business Times” published on October 04, 2019, Finance.Yahoo.com published: “5 Great Warren Buffett Stocks to Hold Through the Next Recession – Yahoo Finance” on September 13, 2019. More interesting news about The PNC Financial Services Group, Inc. (NYSE:PNC) were released by: Finance.Yahoo.com and their article: “Is CSX Corporation (CSX) A Good Stock To Buy According To Hedge Funds? – Yahoo Finance” published on October 09, 2019 as well as Finance.Yahoo.com‘s news article titled: “PNC Financial Services Group, Inc. (PNC): Hedge Funds In Wait-and-See Mode – Yahoo Finance” with publication date: October 10, 2019.

The PNC Financial Services Group, Inc. (NYSE:PNC) Institutional Positions Chart

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter.

[ad_2]

Latest posts