Prescott Group Capital Management L.L.C. Buys Shares of 121,925 Ardent Health, Inc. $ARDT

Prescott Group Capital Management L.L.C. bought a new stake in Ardent Health, Inc. (NYSE:ARDT) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 121,925 shares of the company’s stock, valued at approximately $1,077,000. Prescott Group Capital Management L.L.C. owned approximately 0.09% of Ardent Health at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Ardent Health in the 3rd quarter valued at about $61,000. New York State Common Retirement Fund grew its position in 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 valued at $85,000 after acquiring an additional 3,400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Ardent Health by 126.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,400 shares of the company’s stock valued at $92,000 after acquiring an additional 5,800 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Ardent Health in the 3rd quarter valued at about $103,000. Finally, Squarepoint Ops LLC acquired a new position in Ardent Health in the 3rd quarter valued at about $145,000.

Ardent Health Stock Performance

Shares of Ardent Health stock opened at $9.46 on Thursday. Ardent Health, Inc. has a one year low of $8.07 and a one year high of $15.48. The company has a market cap of $1.36 billion, a PE ratio of 9.96, a P/E/G ratio of 2.18 and a beta of 0.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.00 and a current ratio of 2.12. The business has a 50-day simple moving average of $9.37 and a 200-day simple moving average of $9.44.

Ardent Health (NYSE:ARDT) last announced its quarterly earnings data 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 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, equities research analysts forecast that Ardent Health, Inc. will post 1.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ARDT shares. Royal Bank Of Canada dropped 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. Wall Street Zen raised Ardent Health from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research raised Ardent Health from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 25th. UBS Group boosted their price objective on Ardent Health from $13.00 to $13.50 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Leerink Partners lowered their price objective 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. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Ardent Health has an average rating of “Hold” and a consensus price target 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.