Ardent Health (NYSE:ARDT) Sets New 1-Year Low – Here’s What Happened

Ardent Health, Inc. (NYSE:ARDT) hit a new 52-week low on Thursday . The stock traded as low as $9.01 and last traded at $9.5340, with a volume of 455186 shares traded. The stock had previously closed at $14.05.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings upgraded Ardent Health from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 24th. JPMorgan Chase & Co. lowered their price objective on shares of Ardent Health from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, August 11th. KeyCorp dropped their price target on shares of Ardent Health from $24.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. Wall Street Zen upgraded shares of Ardent Health from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Finally, The Goldman Sachs Group started coverage on Ardent Health in a research report on Tuesday, October 14th. They set a “neutral” rating and a $19.00 target price on the stock. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Ardent Health presently has an average rating of “Moderate Buy” and a consensus price target of $18.78.

Ardent Health Price Performance

The company has a fifty day simple moving average of $13.95 and a two-hundred day simple moving average of $13.39. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 5.18, a P/E/G ratio of 6.21 and a beta of 0.44. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.00 and a current ratio of 2.13.

Ardent Health (NYSE:ARDT) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.42 by $0.10. Ardent Health had a return on equity of 16.66% and a net margin of 4.11%. Ardent Health has set its FY 2025 guidance at 0.850-1.030 EPS. As a group, research analysts anticipate that Ardent Health, Inc. will post 1.23 earnings per share for the current year.

Hedge Funds Weigh In On Ardent Health

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC grew its position in Ardent Health by 990.6% in the second quarter. CWM LLC now owns 2,203 shares of the company’s stock worth $30,000 after acquiring an additional 2,001 shares in the last quarter. Morse Asset Management Inc bought a new position in shares of Ardent Health in the first quarter worth about $36,000. Quarry LP lifted its position in shares of Ardent Health by 1,519.4% during the 1st quarter. Quarry LP now owns 5,020 shares of the company’s stock worth $69,000 after purchasing an additional 4,710 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Ardent Health during the 3rd quarter valued at approximately $80,000. Finally, New York State Common Retirement Fund grew its holdings in Ardent Health by 121.4% in the 2nd quarter. New York State Common Retirement Fund now owns 6,200 shares of the company’s stock valued at $85,000 after buying an additional 3,400 shares during the last quarter.

About Ardent Health

Ardent Health Partners, Inc owns and operates a network of hospitals and clinics that provides a range of healthcare services in the United States. It operates acute care hospitals, including rehabilitation hospitals and surgical hospitals. The company was founded in 2001 and is based in Brentwood, Tennessee.