Ardent Health (NYSE:ARDT) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Ardent Health (NYSE:ARDT) from a strong sell rating to a hold rating in a research note published on Monday,Zacks reports.

Other equities analysts also recently issued research reports about the company. Weiss Ratings downgraded Ardent Health from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $13.00 price target on shares of Ardent Health in a report on Thursday, August 6th. Truist Financial boosted their price objective on shares of Ardent Health from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen lowered shares of Ardent Health from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Royal Bank Of Canada raised their target price on shares of Ardent Health from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Ardent Health presently has a consensus rating of “Hold” and a consensus target price of $13.05.

Ardent Health Stock Performance

Shares of ARDT stock opened at $10.74 on Monday. The company has a market capitalization of $1.51 billion, a P/E ratio of 19.53, a PEG ratio of 3.09 and a beta of 0.71. Ardent Health has a fifty-two week low of $7.71 and a fifty-two week high of $15.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.99 and a current ratio of 2.10. The stock has a 50 day moving average price of $10.74 and a two-hundred day moving average price of $9.83.

Ardent Health (NYSE:ARDT) last posted its earnings results on Tuesday, August 4th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.06). The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.59 billion. Ardent Health had a return on equity of 10.35% and a net margin of 1.22%.Ardent Health has set its FY 2026 guidance at 0.780-1.150 EPS. Analysts expect that Ardent Health will post 0.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Ardent Health in the 2nd quarter worth $21,415,000. Goldentree Asset Management LP grew its holdings in Ardent Health by 99.7% during the 4th quarter. Goldentree Asset Management LP now owns 2,303,113 shares of the company’s stock valued at $20,302,000 after buying an additional 1,150,000 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Ardent Health by 1,684.9% during the first quarter. Goldman Sachs Group Inc. now owns 767,862 shares of the company’s stock valued at $10,558,000 after buying an additional 724,841 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Ardent Health by 75.6% in the second quarter. Ameriprise Financial Inc. now owns 1,634,822 shares of the company’s stock worth $22,332,000 after buying an additional 703,739 shares in the last quarter. Finally, Algert Global LLC boosted its position in shares of Ardent Health by 1,277.3% during the second quarter. Algert Global LLC now owns 597,745 shares of the company’s stock worth $5,882,000 after acquiring an additional 554,345 shares during the last quarter.

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.