Alfred Lumsdaine Buys 10,000 Shares of Ardent Health (NYSE:ARDT) Stock

Ardent Health, Inc. (NYSE:ARDT) CFO Alfred Lumsdaine purchased 10,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of $8.81 per share, with a total value of $88,100.00. Following the purchase, the chief financial officer directly 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ardent Health Price Performance

Shares of ARDT stock remained flat at $8.68 during trading hours on Monday. 445,326 shares of the stock traded hands, compared to its average volume of 421,134. The firm has a 50 day moving average price of $9.40 and a 200 day moving average price of $9.11. The stock has a market cap of $1.24 billion, a PE ratio of 9.12, a PEG ratio of 1.94 and a beta of 0.84. Ardent Health, Inc. has a 12-month low of $7.71 and a 12-month high of $15.48. The company has a current ratio of 2.12, a quick ratio of 2.00 and a debt-to-equity ratio of 0.62.

Ardent Health (NYSE:ARDT) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.10. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Ardent Health had a net margin of 2.09% and a return on equity of 13.85%. Ardent Health has set its FY 2026 guidance at 0.900-1.270 EPS. As a group, equities research analysts expect that Ardent Health, Inc. will post 1.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Ardent Health

A number of hedge funds have recently bought and sold shares of the company. Denali Advisors LLC bought a new stake in Ardent Health in the third quarter valued at $2,449,000. Pier Capital LLC increased its stake in Ardent Health by 33.5% in the third quarter. Pier Capital LLC now owns 580,620 shares of the company’s stock valued at $7,693,000 after purchasing an additional 145,703 shares in the last quarter. Prescott Group Capital Management L.L.C. bought a new stake in Ardent Health in the fourth quarter valued at $1,077,000. LSV Asset Management bought a new stake in Ardent Health in the fourth quarter valued at $963,000. Finally, Monetary Solutions Ltd bought a new stake in Ardent Health in the fourth quarter valued at $79,000.

Wall Street Analysts Forecast Growth

ARDT has been the subject of several analyst reports. Zacks Research raised shares of Ardent Health from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 25th. Royal Bank Of Canada lowered their target price on shares of Ardent Health from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Monday, March 9th. UBS Group lifted their target price on shares of Ardent Health from $13.00 to $13.50 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Leerink Partners lowered their target price on shares of Ardent Health from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. Finally, Wall Street Zen raised shares of Ardent Health from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ardent Health currently has an average rating of “Hold” and an average price target of $14.21.

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.