Ardent Health (NYSE:ARDT) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Ardent Health (NYSE:ARDT) announced its quarterly earnings results on Tuesday. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.18 by $0.10, Zacks reports. Ardent Health had a net margin of 2.15% and a return on equity of 14.30%. Ardent Health updated its FY 2026 guidance to 0.900-1.270 EPS.

Ardent Health Price Performance

Shares of NYSE:ARDT traded up $0.15 during trading on Tuesday, reaching $10.13. The stock had a trading volume of 492,301 shares, compared to its average volume of 393,366. The business’s 50-day moving average price is $9.25 and its 200 day moving average price is $9.85. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.97 and a quick ratio of 1.85. Ardent Health has a 52 week low of $8.07 and a 52 week high of $15.48. The stock has a market capitalization of $1.45 billion, a PE ratio of 10.55 and a beta of 0.93.

Institutional Trading of Ardent Health

Hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ardent Health by 103.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,104 shares of the company’s stock worth $194,000 after acquiring an additional 7,182 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Ardent Health by 1,684.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 767,862 shares of the company’s stock valued at $10,558,000 after acquiring an additional 724,841 shares during the period. Jane Street Group LLC boosted its position in shares of Ardent Health by 235.1% during the first quarter. Jane Street Group LLC now owns 57,468 shares of the company’s stock worth $790,000 after purchasing an additional 40,318 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Ardent Health by 574.9% during the first quarter. Acadian Asset Management LLC now owns 40,238 shares of the company’s stock worth $550,000 after acquiring an additional 34,276 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Ardent Health by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 286,848 shares of the company’s stock valued at $3,918,000 after purchasing an additional 1,769 shares during the period.

Analysts Set New Price Targets

A number of brokerages have weighed in on ARDT. Royal Bank Of Canada reduced their price target on Ardent Health from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Monday, March 9th. Leerink Partners decreased their target price on Ardent Health from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. JPMorgan Chase & Co. dropped their price objective on shares of Ardent Health from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, January 20th. Finally, Zacks Research upgraded Ardent Health from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 25th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.25.

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.