Nantahala Capital Management Has Cut Its Tenet Healthcare (THC) Stake by $8.19 Million; Share Price Rose; Neogen (NEOG) Shareholder Tiverton Asset Management Has Cut Its Stake

June 20, 2018 - By Adrian Mccoy

Tenet Healthcare Corporation (NYSE:THC) Logo

Tiverton Asset Management Llc decreased its stake in Neogen Corp (NEOG) by 75% based on its latest 2018Q1 regulatory filing with the SEC. Tiverton Asset Management Llc sold 50,534 shares as the company’s stock rose 22.25% while stock markets declined. The institutional investor held 16,844 shares of the in vitro & in vivo diagnostic substances company at the end of 2018Q1, valued at $1.13M, down from 67,378 at the end of the previous reported quarter. Tiverton Asset Management Llc who had been investing in Neogen Corp for a number of months, seems to be less bullish one the $4.21 billion market cap company. The stock decreased 0.37% or $0.3 during the last trading session, reaching $81.63. About 151,046 shares traded. Neogen Corporation (NASDAQ:NEOG) has risen 56.69% since June 20, 2017 and is uptrending. It has outperformed by 44.12% the S&P500. Some Historical NEOG News: 19/04/2018 – Neogen names Donofrio VP of Food Safety R&D; 22/03/2018 – Neogen 3Q EPS 32c; 20/04/2018 – DJ Neogen Corporation, Inst Holders, 1Q 2018 (NEOG); 22/03/2018 NEOGEN 3Q REV. $95.9M, EST. $97.9M; 22/03/2018 – Neogen 3Q Rev $95.9M; 06/04/2018 – Hagedorn named Neogen VP of food safety operations; 17/05/2018 – Consolidated Research: 2018 Summary Expectations for TrueCar, Roadrunner Transportation, Eldorado Gold, Neogen, Ashford Hospita; 22/03/2018 – NEOGEN CORP NEOG.O : CRAIG-HALLUM RAISES TARGET PRICE TO $65 FROM $63; RATING HOLD; 22/03/2018 – NEOGEN 3Q SPLIT ADJ. EPS 32C; 22/03/2018 – NEOGEN 3Q EPS 32C, EST. 23C

Wilmot B. Harkey decreased its stake in Tenet Healthcare Corp (THC) by 17.07% based on its latest 2018Q1 regulatory filing with the SEC. Nantahala Capital Management Llc sold 341,300 shares as the company’s stock rose 80.76% while stock markets declined. The hedge fund run by Wilmot B. Harkey held 1.66 million shares of the hospital and nursing management company at the end of 2018Q1, valued at $40.22 million, down from 2.00M at the end of the previous reported quarter. Nantahala Capital Management Llc who had been investing in Tenet Healthcare Corp for a number of months, seems to be less bullish one the $3.75B market cap company. The stock increased 0.08% or $0.03 during the last trading session, reaching $36.77. About 771,029 shares traded. Tenet Healthcare Corporation (NYSE:THC) has risen 95.96% since June 20, 2017 and is uptrending. It has outperformed by 83.39% the S&P500. Some Historical THC News: 29/05/2018 – TENET HEALTHCARE – APPOINTMENT OF 2 INDEPENDENT DIRECTORS TO BOARD GENERAL LLOYD J. AUSTIN, lll AND MEGHAN M. FITZGERALD; 10/04/2018 – Tenet Presenting at Deutsche Bank Health Care Conference May 8; 26/03/2018 – TENET HEALTHCARE – GLENVIEW WITHDRAWN PROPOSAL TO AMEND CO’S BYLAWS THAT WOULD ALLOW SHAREHOLDERS TO TAKE ACTION BY WRITTEN CONSENT WITHOUT A MEETING; 11/05/2018 – Moody’s Affirms Tenet Healthcare’s Ratings; Outlook To Stable From Negative; 15/05/2018 – Scopia Capital Management Buys New 2% Position in Tenet; 30/04/2018 – TENET SEES FY ADJ EPS $1.36 TO $1.70, EST. 92C; 19/03/2018 – LACERA: 3-19-18 RFP: Real Estate THC Audit and Tax Services; 15/05/2018 – Partner Management Buys New 3.5% Position in Tenet; 09/05/2018 – Columbus Circle Investors Buys New 1.2% Position in Tenet; 29/05/2018 – Tenet Bd Appoints Two Independent Directors

Analysts await Neogen Corporation (NASDAQ:NEOG) to report earnings on July, 17. They expect $0.30 earnings per share, up 25.00% or $0.06 from last year’s $0.24 per share. NEOG’s profit will be $15.48M for 68.03 P/E if the $0.30 EPS becomes a reality. After $0.32 actual earnings per share reported by Neogen Corporation for the previous quarter, Wall Street now forecasts -6.25% negative EPS growth.

More recent Neogen Corporation (NASDAQ:NEOG) news were published by: Nasdaq.com which released: “Market Trends Toward New Normal in Neogen, Intuitive Surgical, IDT, Government Properties Income Trust, Everbridge …” on June 13, 2018. Also Benzinga.com published the news titled: “Benzinga’s Daily Biotech Pulse: Clinical Hold For Crispr, Gilead Study Meets Endpoint, Akers Gets Grace Time” on June 01, 2018. Benzinga.com‘s news article titled: “Benzinga’s Daily Biotech Pulse: Hematology Conference In The Spotlight, Dr. Reddy To Launch Generic Opioid …” with publication date: June 15, 2018 was also an interesting one.

Tiverton Asset Management Llc, which manages about $1.44B US Long portfolio, upped its stake in Snap (NYSE:SNA) by 6,815 shares to 69,345 shares, valued at $10.23 million in 2018Q1, according to the filing. It also increased its holding in Jb Hunt Transport Services Inc (NASDAQ:JBHT) by 13,236 shares in the quarter, for a total of 119,014 shares, and has risen its stake in Delta Air Lines Inc (NYSE:DAL).

Investors sentiment increased to 6.71 in 2018 Q1. Its up 5.22, from 1.49 in 2017Q4. It increased, as 13 investors sold NEOG shares while 15 reduced holdings. 27 funds opened positions while 161 raised stakes. 90.94 million shares or 167.86% more from 33.95 million shares in 2017Q4 were reported. Stifel Fincl holds 21,589 shares. Aqr Cap Mgmt Ltd Liability Company invested in 0% or 4,047 shares. Ls Invest Ltd Liability Corporation reported 0.2% in Neogen Corporation (NASDAQ:NEOG). Mutual Of America Capital Management Ltd holds 50,727 shares. Schwab Charles Investment holds 0.01% of its portfolio in Neogen Corporation (NASDAQ:NEOG) for 250,957 shares. North Point Portfolio Managers Oh holds 243,536 shares. Eulav Asset accumulated 39,066 shares. Tiaa Cref Mngmt Lc has 121,786 shares for 0.01% of their portfolio. 88,982 are owned by Comerica Fincl Bank. Ranger Invest Mngmt LP has invested 1.05% in Neogen Corporation (NASDAQ:NEOG). Profund Advisors Ltd Limited Liability Company owns 0.03% invested in Neogen Corporation (NASDAQ:NEOG) for 9,887 shares. Us Bancorp De reported 52,405 shares stake. Mairs & Pwr holds 0% or 3,765 shares in its portfolio. New England Private Wealth Advsrs Limited Liability, a Massachusetts-based fund reported 24,000 shares. 34,109 are owned by Texas Permanent School Fund.

Since January 26, 2018, it had 0 buys, and 16 sales for $10.42 million activity. HERBERT JAMES L also sold $574,954 worth of Neogen Corporation (NASDAQ:NEOG) shares. 1,020 shares valued at $69,300 were sold by BOEHM WILLIAM T on Tuesday, April 10. $358,320 worth of Neogen Corporation (NASDAQ:NEOG) was sold by PAPESH G BRUCE on Friday, January 26. BRADLEY EDWARD had sold 7,000 shares worth $417,223 on Friday, February 16. Another trade for 14,800 shares valued at $1.00 million was made by MORRICAL TERRI A on Friday, April 6. Shares for $374,818 were sold by REED THOMAS H on Friday, March 23.

Among 5 analysts covering Neogen (NASDAQ:NEOG), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Neogen has $80.0 highest and $62.0 lowest target. $69’s average target is -15.47% below currents $81.63 stock price. Neogen had 7 analyst reports since August 26, 2015 according to SRatingsIntel. Craig Hallum downgraded the shares of NEOG in report on Tuesday, December 22 to “Hold” rating. The stock of Neogen Corporation (NASDAQ:NEOG) has “Hold” rating given on Tuesday, September 22 by Zacks. Roth Capital maintained Neogen Corporation (NASDAQ:NEOG) on Thursday, January 4 with “Hold” rating. The rating was downgraded by Zacks on Wednesday, August 26 to “Buy”. Stephens maintained Neogen Corporation (NASDAQ:NEOG) rating on Monday, March 26. Stephens has “Hold” rating and $6500 target.

Analysts await Tenet Healthcare Corporation (NYSE:THC) to report earnings on August, 6. They expect $0.23 earnings per share, up 235.29% or $0.40 from last year’s $-0.17 per share. THC’s profit will be $23.47 million for 39.97 P/E if the $0.23 EPS becomes a reality. After $0.57 actual earnings per share reported by Tenet Healthcare Corporation for the previous quarter, Wall Street now forecasts -59.65% negative EPS growth.

Nantahala Capital Management Llc, which manages about $614.40M and $2.22B US Long portfolio, upped its stake in Sears Hldgs Corp (NASDAQ:SHLD) by 552,490 shares to 1.05M shares, valued at $2.81M in 2018Q1, according to the filing. It also increased its holding in Bridgepoint Ed Inc (NYSE:BPI) by 157,639 shares in the quarter, for a total of 707,639 shares, and has risen its stake in Pain Therapeutics Inc.

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 has $68 highest and $13 lowest target. $28’s average target is -23.85% below currents $36.77 stock price. Tenet Healthcare Corporation had 86 analyst reports since July 21, 2015 according to SRatingsIntel. Piper Jaffray maintained it with “Hold” rating and $1500 target in Tuesday, August 8 report. The firm earned “Hold” rating on Wednesday, October 18 by Mizuho. Goldman Sachs initiated Tenet Healthcare Corporation (NYSE:THC) on Wednesday, January 3 with “Hold” rating. The stock of Tenet Healthcare Corporation (NYSE:THC) earned “Buy” rating by Deutsche Bank on Thursday, August 10. As per Wednesday, December 2, the company rating was maintained by Mizuho. The firm has “Neutral” rating given on Friday, February 24 by Mizuho. The firm earned “Buy” rating on Wednesday, November 8 by Leerink Swann. Mizuho downgraded the stock to “Underperform” rating in Tuesday, November 22 report. The stock of Tenet Healthcare Corporation (NYSE:THC) has “Hold” rating given on Monday, August 21 by RBC Capital Markets. The stock of Tenet Healthcare Corporation (NYSE:THC) earned “Underperform” rating by Ladenburg Thalmann on Monday, June 13.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.01, from 0.88 in 2017Q4. It turned negative, as 25 investors sold THC shares while 77 reduced holdings. 35 funds opened positions while 54 raised stakes. 109.21 million shares or 3.88% less from 113.62 million shares in 2017Q4 were reported. Ellington Management Group Llc owns 0.1% invested in Tenet Healthcare Corporation (NYSE:THC) for 60,100 shares. Sg Americas Securities Ltd Company holds 0.01% or 41,928 shares. James Invest Research invested 0% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). Ontario – Canada-based Manufacturers Life Insur The has invested 0.01% in Tenet Healthcare Corporation (NYSE:THC). Wolverine Asset Management Ltd Company holds 92,185 shares or 0.03% of its portfolio. Vanguard Gp Inc holds 0.01% or 8.71M shares. 33,214 are owned by Creative Planning. Tekla Cap Mgmt Limited Com holds 164,500 shares or 0.16% of its portfolio. Clearbridge Investments Limited has invested 0% in Tenet Healthcare Corporation (NYSE:THC). Pnc Services Group Inc Inc invested 0% in Tenet Healthcare Corporation (NYSE:THC). Thrivent Financial For Lutherans accumulated 18,348 shares or 0% of the stock. Dimensional Fund Advsr Lp stated it has 2.25 million shares or 0.02% of all its holdings. D E Shaw Inc reported 0.01% stake. Cap Fund Management Sa accumulated 43,821 shares. Millennium Mgmt reported 2.11 million shares or 0.07% of all its holdings.

Tenet Healthcare Corporation (NYSE:THC) Institutional Positions Chart

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