Published on 5 May 2024 on Insider Monkey via Yahoo Finance
Is Tenet Healthcare Corporation (THC) an Undervalued Stock?
Greenlight Capital, an investment management firm, released its first quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the Greenlight Capital funds returned 4.9% net of fees and expenses, compared to 10.6% for the S&P 500 index. The year's first quarter saw a bullish market, with investors focusing on AI, cryptocurrency, and meme stocks. Despite the market's strong performance, the long and short portfolios didn't fare as well. The long portfolio only saw a modest increase of 2.2%, net of fees and expenses, while the single-name short portfolio broke even. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Greenlight Capital featured stocks like Tenet Healthcare Corporation (NYSE:THC) in the first quarter 2024 investor letter. Headquartered in Dallas, Texas, Tenet Healthcare Corporation (NYSE:THC) is a diversified healthcare services company. On May 7, 2024, Tenet Healthcare Corporation (NYSE:THC) stock closed at $124.07 per share. One-month return of Tenet Healthcare Corporation (NYSE:THC) was 22.72%, and its shares gained 73.43% of their value over the last 52 weeks. Tenet Healthcare Corporation (NYSE:THC) has a market capitalization of $12.12 billion.