Tenet Healthcare Corporation (THC) Increased After Q1 Results Beat Expectations
Greenlight Capital, an investment management company, released its second-quarter 2023 investor letter. A copy of the same can be downloaded here. The fund returned 14.5% net of fees and expenses, in the second quarter compared to an 8.7% return for the S&P 500 Index. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Greenlight Capital highlighted stocks like Tenet Healthcare Corporation (NYSE:THC) in the second quarter 2023 investor letter. Headquartered in Dallas, Texas, Tenet Healthcare Corporation (NYSE:THC) is a diversified healthcare service company. On August 16, 2023, Tenet Healthcare Corporation (NYSE:THC) stock closed at $71.91 per share. One-month return of Tenet Healthcare Corporation (NYSE:THC) was -8.88%, and its shares gained 12.82% of their value over the last 52 weeks. Tenet Healthcare Corporation (NYSE:THC) has a market capitalization of $7.33 billion.
Greenlight Capital made the following comment about Tenet Healthcare Corporation (NYSE:THC) in its second quarter 2023 investor letter:
"Tenet Healthcare Corporation (NYSE:THC), which returned 37% on the back of first quarter results that exceeded expectations and the company upgraded its annual outlook. After a rough patch last year due to COVID-related volume disruptions and elevated labor. costs, THC now appears back on track and executing well on its ambulatory surgery center growth strategy."
Pixabay/Public Domain
Tenet Healthcare Corporation (NYSE:THC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 74 hedge fund portfolios held Tenet Healthcare Corporation (NYSE:THC) at the end of second quarter which was 66 in the previous quarter.
We discussed Tenet Healthcare Corporation (NYSE:THC) in another article and shared the list of stocks in Larry Robbins portfolio. In addition, please check out our hedge fund investor letters Q2 2023 page for more investor letters from hedge funds and other leading investors.
Suggested Articles:
Disclosure: None. This article is originally published at Insider Monkey.
