Top 5 Stock Picks of Jesse Ro’s Tiger Legatus Capital

2. Tenet Healthcare Corp. (NYSE:THC)

Tiger Legatus Capital’s Stake Value: $13.9M

Percentage of Tiger Legatus Capital’s 13F Portfolio: 22.31%

Number of Hedge Fund Holdings: 55

Based in Dallas, Texas, Tenet Healthcare Corp. (NYSE:THC) is a multinational healthcare services company which operates in over 65 hospitals and 450 healthcare facilities in countries around the world. Since its founding in 1969, Tenet Healthcare Corp. (NYSE:THC) has expanded, cultivating multiple brands, subsidiaries, joint ventures and partnerships, most notably the USPI and Conifer Health Solutions. Jesse Ro’s Tiger Legatus Capital has a stake value of more than $13.9 million through its purchase of 162,000 shares in Q1 2022, which means Tenet (NYSE:THC) constitutes 22.31% of Ro’s 13F investment portfolio.

On June 16, Loop Capital analyst Joseph France conferred a ‘Buy’ rating on the stock, maintaining the price target at $80.

Oakmark Funds mentioned Tenet Healthcare Corp. (NYSE:THC) in their Q3 2021 investor letter. This is what they said:

“Tenet (NYSE:THC) may be best known as the second-largest public hospital chain in the U.S., but its largest business is outpatient acute care centers. In early 2020, investors fled the health care industry because of the great uncertainty that the pandemic presented. The early days of the pandemic were very hard on the hospital industry especially, but as the Covid-19 surge peaked and diminished, hospitals were able to schedule elective procedures and engage in profitable activities.”