Tenet Healthcare Corporation (THC) reported third-quarter 2026 net operating revenues of $5.631 billion, up 6.5% from $5.289 billion a year earlier. Net income was $1.219 billion, while net income available to common shareholders was $1.000 billion, or $12.41 per diluted share.
The company raised its 2026 outlook, forecasting net operating revenues of $22.050 billion to $22.450 billion and net income available to common shareholders of $2.973 billion to $3.078 billion.
- Third-quarter revenue from contract termination was $646 million.
- Ambulatory Care net operating revenues were $1.371 billion, up from $1.275 billion a year earlier.
- Hospital Operations and Services net operating revenues were $4.260 billion, up from $4.014 billion.
- Tenet repurchased 970,000 shares for $255 million during the third quarter.
- Net cash provided by operating activities totaled $3.507 billion for the first nine months of 2026.
$THC Insider Trading Activity
$THC insiders have traded $THC stock on the open market 25 times in the past 6 months. Of those trades, 0 have been purchases and 25 have been sales.
Here’s a breakdown of recent trading of $THC stock by insiders over the last 6 months:
- SAUMYA SUTARIA (CEO) has made 0 purchases and 5 sales selling 100,000 shares for an estimated $27,636,334.
- LISA Y FOO (EVP, Chief Operating Officer) has made 0 purchases and 2 sales selling 34,000 shares for an estimated $8,971,980.
- J ROBERT KERREY has made 0 purchases and 8 sales selling 17,648 shares for an estimated $4,151,250.
- PAOLA M ARBOUR (EVP, Chief Information Officer) sold 10,878 shares for an estimated $2,653,144
- RICHARD J MARK sold 10,000 shares for an estimated $2,634,200
- TAMMY ROMO has made 0 purchases and 2 sales selling 7,422 shares for an estimated $1,952,221.
- JAMES L BIERMAN sold 5,000 shares for an estimated $1,224,800
- CHRISTOPHER S. LYNCH sold 3,837 shares for an estimated $934,079
- NADJA WEST has made 0 purchases and 2 sales selling 4,152 shares for an estimated $830,187.
- CECIL D HANEY sold 1,300 shares for an estimated $361,438
- ROY BLUNT sold 600 shares for an estimated $157,608
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$THC Hedge Fund Activity
We have seen 336 institutional investors add shares of $THC stock to their portfolio, and 348 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC removed 3,782,034 shares (-48.6%) from their portfolio in Q2 2026, for an estimated $707,542,920
- LONE PINE CAPITAL LLC removed 2,258,717 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $422,560,776
- WELLINGTON MANAGEMENT GROUP LLP removed 2,137,500 shares (-91.2%) from their portfolio in Q2 2026, for an estimated $399,883,500
- D. E. SHAW & CO., INC. removed 1,159,115 shares (-97.4%) from their portfolio in Q2 2026, for an estimated $216,847,234
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,036,753 shares (+154.3%) to their portfolio in Q2 2026, for an estimated $193,955,751
- MANNING & NAPIER ADVISORS LLC added 901,645 shares (+inf%) to their portfolio in Q2 2026, for an estimated $168,679,746
- PENTWATER CAPITAL MANAGEMENT LP added 765,000 shares (+inf%) to their portfolio in Q2 2026, for an estimated $143,116,200
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
