Prescott Group Capital Management L.L.C. Purchases New Position in Ardent Health, Inc. $ARDT

Prescott Group Capital Management L.L.C. purchased a new stake in Ardent Health, Inc. (NYSE:ARDT) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 121,925 shares of the company’s stock, valued at approximately $1,077,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its holdings in Ardent Health by 8.2% in the third quarter. Ameriprise Financial Inc. now owns 1,769,335 shares of the company’s stock valued at $23,444,000 after purchasing an additional 134,513 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Ardent Health by 44.5% in the third quarter. Vanguard Group Inc. now owns 1,352,676 shares of the company’s stock valued at $17,923,000 after purchasing an additional 416,348 shares in the last quarter. Millennium Management LLC boosted its holdings in Ardent Health by 6.6% in the third quarter. Millennium Management LLC now owns 1,269,605 shares of the company’s stock valued at $16,822,000 after purchasing an additional 78,861 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Ardent Health by 1,684.9% in the first quarter. Goldman Sachs Group Inc. now owns 767,862 shares of the company’s stock valued at $10,558,000 after purchasing an additional 724,841 shares in the last quarter. Finally, Pier Capital LLC boosted its holdings 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.

Ardent Health Price Performance

ARDT stock opened at $9.46 on Thursday. The company has a market capitalization of $1.36 billion, a P/E ratio of 9.96, a PEG ratio of 2.18 and a beta of 0.93. Ardent Health, Inc. has a twelve month low of $8.07 and a twelve month high of $15.48. The business has a 50 day simple moving average of $9.37 and a 200-day simple moving average of $9.44. 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 posted its quarterly earnings data 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. The business 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. As a group, equities analysts anticipate that Ardent Health, Inc. will post 1.12 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group upped their price target on Ardent Health from $13.00 to $13.50 and gave the company a “buy” rating in a report on Thursday, May 7th. Leerink Partners decreased their price objective on Ardent Health from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, March 6th. Zacks Research raised Ardent Health from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 25th. Wall Street Zen raised Ardent Health from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Royal Bank Of Canada decreased their price objective on Ardent Health from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Monday, March 9th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.