Shares of Ardent Health, Inc. (NYSE:ARDT – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 823,179 shares changed hands during trading, an increase of 91% from the previous session’s volume of 430,845 shares.The stock last traded at $9.52 and had previously closed at $9.50.
Wall Street Analysts Forecast Growth
A number of analysts have commented on ARDT shares. Royal Bank Of Canada cut their price target on shares of Ardent Health from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Monday, March 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ardent Health in a research report on Friday. Leerink Partners cut their price target on shares of Ardent Health from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, March 6th. UBS Group upped their price objective on shares of Ardent Health from $13.00 to $13.50 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Zacks Research upgraded Ardent Health from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 25th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Ardent Health currently has an average rating of “Hold” and a consensus price target of $14.21.
Read Our Latest Analysis on ARDT
Ardent Health Stock Performance
Ardent Health (NYSE:ARDT – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.18 by $0.10. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Ardent Health had a return on equity of 13.85% and a net margin of 2.09%.Ardent Health has set its FY 2026 guidance at 0.900-1.270 EPS. Equities research analysts predict that Ardent Health, Inc. will post 1.11 earnings per share for the current fiscal year.
Insider Activity at Ardent Health
In other news, CFO Alfred Lumsdaine bought 10,000 shares of Ardent Health stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $8.81 per share, for a total transaction of $88,100.00. Following the purchase, the chief financial officer directly owned 329,183 shares in the company, valued at approximately $2,900,102.23. This represents a 3.13% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Ardent Health
Several large investors have recently added to or reduced their stakes in ARDT. Denali Advisors LLC bought a new stake in Ardent Health during the third quarter worth $2,449,000. Pier Capital LLC grew its holdings in Ardent Health by 33.5% during the third quarter. Pier Capital LLC now owns 580,620 shares of the company’s stock worth $7,693,000 after buying an additional 145,703 shares in the last quarter. Prescott Group Capital Management L.L.C. bought a new stake in Ardent Health during the fourth quarter worth $1,077,000. LSV Asset Management bought a new stake in Ardent Health during the fourth quarter worth $963,000. Finally, Abel Hall LLC bought a new stake in Ardent Health during the first quarter worth $87,000.
About Ardent Health
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.
Read More
- Five stocks we like better than Ardent Health
- AST SpaceMobile Announces Launch Date for Its Next 3 BlueBird Satellites
- Is Lennar Finally Turning the Corner After Its Housing Slump?
- AI Memory Demand Has Turned These 5 S&P 500 Stocks Into Market Leaders
- 3 Dividend Kings With Income, Stability, and a Possible Catalyst
Receive News & Ratings for Ardent Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ardent Health and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.png){kind=logo}
