LSV Asset Management Makes New Investment in Ardent Health, Inc. $ARDT

LSV Asset Management bought a new position in Ardent Health, Inc. (NYSE:ARDT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 109,100 shares of the company’s stock, valued at approximately $963,000. LSV Asset Management owned 0.08% of Ardent Health at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARDT. Geode Capital Management LLC boosted its holdings in shares of Ardent Health by 0.6% during the second quarter. Geode Capital Management LLC now owns 286,848 shares of the company’s stock worth $3,918,000 after purchasing an additional 1,769 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Ardent Health by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 27,530 shares of the company’s stock worth $376,000 after purchasing an additional 2,110 shares during the period. Strs Ohio boosted its holdings in shares of Ardent Health by 6.3% during the third quarter. Strs Ohio now owns 42,400 shares of the company’s stock worth $562,000 after purchasing an additional 2,500 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Ardent Health by 24.8% during the third quarter. Alliancebernstein L.P. now owns 16,472 shares of the company’s stock worth $218,000 after purchasing an additional 3,272 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of 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 period.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ARDT shares. UBS Group lifted 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. 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. Wall Street Zen upgraded shares of Ardent Health from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. 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. Finally, Zacks Research upgraded shares of 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.21.

Ardent Health Trading Up 1.3%

NYSE:ARDT opened at $9.41 on Thursday. Ardent Health, Inc. has a 12 month low of $8.07 and a 12 month high of $15.48. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 9.91, a P/E/G ratio of 2.07 and a beta of 0.93. 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 company’s 50 day moving average is $9.38 and its 200-day moving average is $9.25.

Ardent Health (NYSE:ARDT) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.28 EPS for the quarter, beating 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 analyst estimates of $1.58 billion. Ardent Health has set its FY 2026 guidance at 0.900-1.270 EPS. Equities analysts anticipate that Ardent Health, Inc. will post 1.12 EPS for the current year.

Ardent Health 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.