Ardent Health (NYSE:ARDT) Stock Price Down 4.2% – Should You Sell?

Ardent Health, Inc. (NYSE:ARDT)’s stock price fell 4.2% on Wednesday . The company traded as low as $9.42 and last traded at $9.3930. 85,825 shares changed hands during trading, a decline of 78% from the average session volume of 394,473 shares. The stock had previously closed at $9.80.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ARDT. UBS Group upped their target price on Ardent Health from $13.00 to $13.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. cut their target price on Ardent Health from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 20th. Royal Bank Of Canada cut their target price on Ardent Health from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Monday, March 9th. Leerink Partners cut their target price on Ardent Health from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, March 6th. Finally, Zacks Research upgraded Ardent Health from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 25th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $14.21.

Ardent Health Trading Down 3.2%

The company has a current ratio of 2.12, a quick ratio of 2.00 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.36 billion, a P/E ratio of 9.98, a P/E/G ratio of 2.26 and a beta of 0.93. The firm has a 50-day moving average of $9.36 and a two-hundred day moving average of $9.47.

Ardent Health (NYSE:ARDT) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.10. Ardent Health had a return on equity of 13.85% and a net margin of 2.09%.The business 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. On average, analysts anticipate that Ardent Health, Inc. will post 1.12 EPS for the current year.

Institutional Trading of Ardent Health

Several institutional investors and hedge funds have recently modified their holdings of ARDT. Caitong International Asset Management Co. Ltd increased its holdings in 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 acquired a new stake in shares of Ardent Health in the third quarter valued at about $61,000. Monetary Solutions Ltd acquired a new stake in shares of Ardent Health in the fourth quarter valued at about $79,000. New York State Common Retirement Fund increased its stake in shares of Ardent Health by 121.4% in the second 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 period. Finally, Abel Hall LLC acquired a new stake in shares of Ardent Health in the first quarter valued at about $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.