Tenet Healthcare Corp (THC): Today's Featured Health Services Mover

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Tenet Healthcare ( THC) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole closed the day up 0.2%. By the end of trading, Tenet Healthcare rose $1.28 (2.8%) to $46.66 on average volume. Throughout the day, two million shares of Tenet Healthcare exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in a price between $45.54-$47.13 after having opened the day at $45.67 as compared to the previous trading day's close of $45.38. Other companies within the Health Services industry that increased today were: Stereotaxis ( STXS), up 33.5%, Bovie Medical Corporation ( BVX), up 13.9%, USMD Holdings ( USMD), up 11.4%, and EnteroMedics ( ETRM), up 6.3%.
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Tenet Healthcare Corporation, an investor-owned health care services company, owns and operates acute care hospitals, ambulatory surgery centers, diagnostic imaging centers, urgent care centers, and related health care facilities in the United States. Tenet Healthcare has a market cap of $4.68 billion and is part of the health care sector. Currently there are six analysts that rate Tenet Healthcare a buy, no analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Tenet Healthcare as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins.

On the negative front, Magellan Health Services ( MGLN), down 10.9%, Vanguard Health Systems ( VHS), down 6.4%, Enzo Biochem ( ENZ), down 5.7%, and NeuroMetrix ( NURO), down 5.7%, were all laggards within the health services industry with Boston Scientific ( BSX) being today's health services industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health services industry could consider Health Care Select Sector SPDR ( XLV) while those bearish on the health services industry could consider ProShares Ultra Short Health Care ( RXD).

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