Ardent Health (NYSE:ARDT) CFO Purchases $88,100.00 in Stock

Ardent Health, Inc. (NYSE:ARDT) CFO Alfred Lumsdaine purchased 10,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was bought at an average cost of $8.81 per share, with a total value of $88,100.00. Following the completion of the purchase, the chief financial officer owned 329,183 shares of the company’s stock, valued at approximately $2,900,102.23. This represents a 3.13% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ardent Health Price Performance

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

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its holdings in shares of Ardent Health by 1,177.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,862 shares of the company’s stock valued at $25,000 after buying an additional 2,638 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Ardent Health during the third quarter worth about $61,000. New York State Common Retirement Fund boosted its holdings in Ardent Health by 121.4% during the second quarter. New York State Common Retirement Fund now owns 6,200 shares of the company’s stock worth $85,000 after purchasing an additional 3,400 shares during the last quarter. Monetary Solutions Ltd purchased a new position in Ardent Health during the fourth quarter worth about $79,000. Finally, Abel Hall LLC purchased a new position in Ardent Health during the first quarter worth about $87,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ARDT. Wall Street Zen upgraded shares of Ardent Health from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. UBS Group lifted 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. Royal Bank Of Canada reduced their price objective on shares of Ardent Health from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Monday, March 9th. Zacks Research upgraded shares of Ardent Health from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 25th. Finally, Leerink Partners reduced their price objective on shares of Ardent Health from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, March 6th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.21.

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.