Ardent Health (NYSE:ARDT) Shares Gap Down – Here’s What Happened

Ardent Health, Inc. (NYSE:ARDT)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $9.27, but opened at $8.45. Ardent Health shares last traded at $7.91, with a volume of 350,431 shares changing hands.

Wall Street Analysts Forecast Growth

ARDT has been the subject of a number of analyst reports. Leerink Partners reduced 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. 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 reduced 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 boosted their target price on shares of Ardent Health from $13.00 to $13.50 and gave the company a “buy” rating in a research note on Thursday, May 7th. 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 given a Sell rating to the stock. According to MarketBeat, Ardent Health presently has a consensus rating of “Hold” and a consensus target price of $14.21.

Ardent Health Price Performance

The company has a market capitalization of $1.23 billion, a P/E ratio of 9.01, a P/E/G ratio of 1.75 and a beta of 0.84. The business’s 50-day simple moving average is $9.40 and its 200 day simple moving average is $9.10. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.10. Ardent Health had a net margin of 2.09% and a return on equity of 13.85%. The company had revenue of $1.60 billion for 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. As a group, sell-side analysts anticipate that Ardent Health, Inc. will post 1.12 EPS for the current year.

Institutional Trading of Ardent Health

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its holdings in shares of Ardent Health by 1,177.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,862 shares of the company’s stock worth $25,000 after purchasing an additional 2,638 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Ardent Health in the 3rd quarter worth approximately $61,000. New York State Common Retirement Fund raised its holdings in shares of 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 worth $85,000 after purchasing an additional 3,400 shares in the last quarter. Monetary Solutions Ltd bought a new stake in shares of Ardent Health in the 4th quarter worth approximately $79,000. Finally, Abel Hall LLC bought a new stake in shares of Ardent Health in the 1st quarter worth approximately $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.