Nuveen LLC Takes $6.01 Million Position in Ardent Health, Inc. $ARDT

Key Points

• Nuveen LLC has purchased 437,063 shares of Ardent Health, Inc. for approximately $6,010,000, representing a 0.31% ownership stake as reported in their recent SEC filing.
• Several institutional investors, including Vanguard Group Inc. and Deutsche Bank AG, significantly increased their stakes in Ardent Health in the first quarter, indicating strong investor interest.
• Equities analysts show mixed opinions on Ardent Health, with one firm setting a price target of $21.00 while another downgraded it to $14.60, leading to a general rating of "Moderate Buy" with an average target price of $19.56.

Nuveen LLC bought a new position in Ardent Health, Inc. (NYSE:ARDT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 437,063 shares of the company's stock, valued at approximately $6,010,000. Nuveen LLC owned about 0.31% of Ardent Health as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Point72 Asset Management L.P. raised its holdings in shares of Ardent Health by 7.9% during the fourth quarter. Point72 Asset Management L.P. now owns 1,609,720 shares of the company's stock valued at $27,494,000 after purchasing an additional 117,421 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Ardent Health by 368.9% during the first quarter. Vanguard Group Inc. now owns 1,330,635 shares of the company's stock valued at $18,296,000 after purchasing an additional 1,046,845 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Ardent Health by 4.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 817,182 shares of the company's stock valued at $10,599,000 after purchasing an additional 37,581 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Ardent Health by 220.6% during the fourth quarter. Nuveen Asset Management LLC now owns 169,475 shares of the company's stock valued at $2,895,000 after purchasing an additional 116,610 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Ardent Health by 128.8% during the fourth quarter. Bank of America Corp DE now owns 168,370 shares of the company's stock valued at $2,876,000 after purchasing an additional 94,772 shares during the last quarter.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Royal Bank Of Canada restated an "outperform" rating and set a $21.00 target price on shares of Ardent Health in a research report on Thursday, May 15th. Stephens reiterated an "overweight" rating and issued a $21.00 price target on shares of Ardent Health in a research report on Tuesday, May 20th. Guggenheim upped their price target on shares of Ardent Health from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. dropped their price target on shares of Ardent Health from $18.00 to $15.00 and set a "neutral" rating for the company in a research report on Monday, August 11th. Finally, Wall Street Zen upgraded shares of Ardent Health from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $19.56.

Ardent Health Price Performance

Ardent Health stock traded up $0.15 during mid-day trading on Friday, reaching $12.68. 179,767 shares of the company's stock traded hands, compared to its average volume of 388,258. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 7.01, a PEG ratio of 5.61 and a beta of 0.29. The stock has a 50 day moving average of $12.38 and a two-hundred day moving average of $13.22. The company has a quick ratio of 2.00, a current ratio of 2.13 and a debt-to-equity ratio of 0.66. Ardent Health, Inc. has a 12-month low of $10.10 and a 12-month high of $20.72.

Ardent Health (NYSE:ARDT - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.22. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.54 billion. Ardent Health had a net margin of 4.11% and a return on equity of 16.66%. Ardent Health has set its FY 2025 guidance at 1.730-2.01 EPS. Equities analysts forecast that Ardent Health, Inc. will post 1.23 earnings per share for the current year.

Ardent Health Company Profile

Ardent Health Partners, Inc owns and operates a network of hospitals and clinics that provides a range of healthcare services in the United States. It operates acute care hospitals, including rehabilitation hospitals and surgical hospitals. The company was founded in 2001 and is based in Brentwood, Tennessee.