Stocks Review: Tenet Healthcare Corp, KAR Auction Services Inc, Avanir Pharmaceuticals, NBT Bancorp Inc

Dallas, TX -- (SBWIRE) -- 03/11/2013 -- Marketbuzzreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Tenet Healthcare Corp (NYSE:THC) shares climbed 3.45% to $43.20 after THC’s stock was upgraded by equities researchers at CRT Capital from a “fair value” rating to a “buy” rating in a report issued on Mar. 8.

Additionally, the company, on Feb. 26, reported fourth-quarter net operating revenue of $2.33 billion, up 7.3 percent from $2.17 billion a year ago. Analysts expected revenues of $2.34 billion for the quarter. Net income to common shares for the quarter was $49 million or $0.45 per share, compared with a net loss of $76 million or $0.70 per share in the prior year. Analysts on consensus expected earnings of $0.68 per share for the quarter.

Get Latest News, Updates on THC Here

KAR Auction Services Inc (NYSE:KAR) shares jumped 3.37% and closed at $19.95 in the last trading session. The company, on Mar. 4, announced the commencement of an underwritten offering of 13.0 million shares of its common stock by existing stockholder KAR Holdings II, LLC (the "LLC"), subject to market and other conditions. The LLC is controlled by entities affiliated with Kelso Investment Associates VII, L.P., GS Capital Partners VI, L.P., ValueAct Capital Master Fund, L.P. and Parthenon Investors II, L.P.

Is KAR a Strong Buying Opportunity After The Recent Slump? Find out Here

Avanir Pharmaceuticals, Inc. (NASDAQ:AVNR) shares gained 3.34% and closed at $3.09. The company in collaboration with the Department of Veterans Affairs (VA) and United BioSource Corporation (UBC) on Mar. 6 announced a pilot study to screen for pseudobulbar affect (PBA) symptoms in approximately 1,000 veterans with traumatic brain injury (TBI).

Is AVNR Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here

NBT Bancorp Inc. (NASDAQ:NBTB) shares gained 3.32% to $21.80. NBT Bancorp and Alliance Financial Corp. (ALNC) said, on Mar. 7, that both companies have received approval from shareholders to complete their merger. Pursuant to the merger agreement dated October 7, 2012, Alliance will merge with and into NBT. Additionally, Alliance Bank, N.A., a wholly-owned subsidiary of Alliance, will merge with and into NBT's wholly-owned subsidiary, NBT Bank, N.A. The merger is expected to be completed at the close of business on March 8, and will provide NBT with the addition of $1.4 billion in assets, including $920 million in net loans held for investment, and $1.1 billion in deposits.

Get latest News, Updates on NBTB Here

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