Ardent Health, Inc. (NYSE:ARDT) Receives Average Rating of “Hold” from Analysts

Ardent Health, Inc. (NYSE:ARDT) has been assigned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $13.0455.

A number of research firms recently weighed in on ARDT. Truist Financial upped their target price on shares of Ardent Health from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Guggenheim lifted their price target on shares of Ardent Health from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. The Goldman Sachs Group reiterated a “neutral” rating and set a $13.00 price target on shares of Ardent Health in a report on Thursday, August 6th. Zacks Research downgraded shares of Ardent Health from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Ardent Health in a report on Friday, June 12th.

Ardent Health Trading Down 0.6%

Shares of ARDT stock opened at $10.99 on Friday. Ardent Health has a fifty-two week low of $7.71 and a fifty-two week high of $15.48. The company has a 50 day moving average price of $10.05 and a 200 day moving average price of $9.54. The stock has a market capitalization of $1.58 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 3.17 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.00 and a current ratio of 2.12.

Ardent Health (NYSE:ARDT) last released its earnings results on Tuesday, August 4th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.59 billion. Ardent Health had a return on equity of 10.45% and a net margin of 1.22%.Ardent Health has set its FY 2026 guidance at 0.780-1.150 EPS. Equities research analysts predict that Ardent Health will post 0.95 EPS for the current fiscal year.

Insider Activity at Ardent Health

In other Ardent Health news, CFO Alfred Lumsdaine bought 10,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of $8.81 per share, with a total value of $88,100.00. Following the transaction, the chief financial officer owned 329,183 shares of the company’s stock, valued at approximately $2,900,102.23. The trade was a 3.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Ardent Health

Several hedge funds have recently added to or reduced their stakes in ARDT. Ieq Capital LLC acquired a new position in Ardent Health in the second quarter valued at $907,000. Allworth Financial LP acquired a new stake in shares of Ardent Health during the second quarter worth about $28,000. Denali Advisors LLC acquired a new stake in shares of Ardent Health during the second quarter worth about $2,325,000. BlackRock Inc. purchased a new position in shares of Ardent Health during the second quarter worth about $21,415,000. Finally, Deutsche Bank AG purchased a new position in shares of Ardent Health during the second quarter worth about $226,000.

Ardent Health Company Profile

Ardent Health, listed on the New York Stock Exchange under the ticker ARDT, is a healthcare delivery company focused on acquiring, developing and managing acute care hospitals and complementary outpatient facilities across the United States. The company’s integrated platform encompasses both inpatient and outpatient services, designed to provide end-to-end care solutions and address the full continuum of patient needs.

Through its network, Ardent Health operates general hospitals, emergency departments, ambulatory surgery centers, urgent care clinics, rehabilitation and post-acute care facilities.