Redwood Capital Management Lifted Tenet Healthcare (THC) Holding; Archon Capital Management Has Increased Its U.S. Auto Parts Network (PRTS) Holding

December 25, 2017 - By Vivian Park

Jonathan Kolatch increased its stake in Tenet Healthcare Corp (THC) by 60.87% based on its latest 2017Q3 regulatory filing with the SEC. Redwood Capital Management Llc bought 350,000 shares as the company’s stock declined 9.34% while stock markets rallied. The hedge fund run by Jonathan Kolatch held 925,000 shares of the hospital and nursing management company at the end of 2017Q3, valued at $15.20 million, up from 575,000 at the end of the previous reported quarter. Redwood Capital Management Llc who had been investing in Tenet Healthcare Corp for a number of months, seems to be bullish on the $1.53 billion market cap company. The stock increased 0.13% or $0.02 during the last trading session, reaching $15.13. About 966,977 shares traded. Tenet Healthcare Corp. (NYSE:THC) has declined 36.81% since December 25, 2016 and is downtrending. It has underperformed by 53.51% the S&P500.

Constantinos J. Christofilis increased its stake in U.S. Auto Parts Network Inc (PRTS) by 74.86% based on its latest 2017Q3 regulatory filing with the SEC. Archon Capital Management Llc bought 439,092 shares as the company’s stock declined 0.31% while stock markets rallied. The hedge fund run by Constantinos J. Christofilis held 1.03M shares of the consumer services company at the end of 2017Q3, valued at $2.96 million, up from 586,538 at the end of the previous reported quarter. Archon Capital Management Llc who had been investing in U.S. Auto Parts Network Inc for a number of months, seems to be bullish on the $89.18 million market cap company. The stock decreased 2.71% or $0.07 during the last trading session, reaching $2.51. About 26,887 shares traded. U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) has declined 2.14% since December 25, 2016 and is downtrending. It has underperformed by 18.84% the S&P500.

Investors sentiment increased to 1.33 in 2017 Q3. Its up 0.08, from 1.25 in 2017Q2. It increased, as 33 investors sold THC shares while 57 reduced holdings. 41 funds opened positions while 79 raised stakes. 122.38 million shares or 7.67% more from 113.66 million shares in 2017Q2 were reported. Landscape Cap Mgmt Limited Liability Corp, New Jersey-based fund reported 41,621 shares. Schroder Inv owns 23,214 shares. Ubs Asset Mgmt Americas Inc stated it has 749,610 shares or 0.01% of all its holdings. Mutual Of America Llc invested in 0.02% or 63,372 shares. Susquehanna International Gp Ltd Liability Partnership owns 635,553 shares. Alliancebernstein LP holds 138,805 shares. 359,582 were accumulated by Whitebox Advsr Limited Liability. Hap Trading Ltd Co owns 48,606 shares. Td Ltd Liability holds 0% or 38 shares in its portfolio. Wolverine Asset Mgmt Ltd Limited Liability Company has invested 0% in Tenet Healthcare Corp. (NYSE:THC). Dimensional Fund Advsrs Ltd Partnership holds 0.02% or 2.53M shares. Natixis holds 0% or 15,629 shares in its portfolio. Private Gp reported 0.79% stake. Deutsche Fincl Bank Ag owns 89,766 shares or 0% of their US portfolio. Commonwealth Of Pennsylvania School Empls Retrmt reported 11,766 shares or 0% of all its holdings.

Redwood Capital Management Llc, which manages about $7.54B and $978.31 million US Long portfolio, decreased its stake in Bank Amer Corp (NYSE:BAC) by 200,000 shares to 1.09 million shares, valued at $27.56 million in 2017Q3, according to the filing.

Among 22 analysts covering Tenet Healthcare Corporation (NYSE:THC), 9 have Buy rating, 4 Sell and 9 Hold. Therefore 41% are positive. Tenet Healthcare Corporation had 70 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Neutral” on Thursday, August 4. Leerink Swann maintained the shares of THC in report on Monday, August 21 with “Outperform” rating. As per Friday, February 24, the company rating was upgraded by Mizuho. Citigroup initiated the shares of THC in report on Friday, October 2 with “Neutral” rating. Raymond James downgraded the shares of THC in report on Thursday, November 10 to “Mkt Perform” rating. Citigroup maintained Tenet Healthcare Corp. (NYSE:THC) on Wednesday, May 4 with “Neutral” rating. The firm has “Equal-Weight” rating given on Thursday, November 9 by Morgan Stanley. The company was maintained on Wednesday, September 20 by Jefferies. The stock of Tenet Healthcare Corp. (NYSE:THC) earned “Hold” rating by RBC Capital Markets on Monday, October 30. The company was maintained on Thursday, June 1 by Jefferies.