Jump Financial LLC Acquires Shares of 25,600 Ardent Health, Inc. $ARDT

Jump Financial LLC acquired a new stake in Ardent Health, Inc. (NYSE:ARDT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 25,600 shares of the company's stock, valued at approximately $352,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Ardent Health during the 4th quarter worth approximately $27,000. Morse Asset Management Inc acquired a new position in Ardent Health during the first quarter worth $36,000. Deutsche Bank AG lifted its holdings in Ardent Health by 1,251.9% during the fourth quarter. Deutsche Bank AG now owns 2,866 shares of the company's stock valued at $49,000 after purchasing an additional 2,654 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Ardent Health by 52.6% in the fourth quarter. Wells Fargo & Company MN now owns 8,704 shares of the company's stock valued at $149,000 after purchasing an additional 3,002 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Ardent Health during the first quarter worth about $142,000.

Ardent Health Trading Up 2.5%

Shares of ARDT traded up $0.33 during midday trading on Friday, hitting $13.19. 278,081 shares of the stock were exchanged, compared to its average volume of 294,264. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.00 and a current ratio of 2.13. The firm has a market cap of $1.89 billion, a P/E ratio of 7.29, a P/E/G ratio of 5.69 and a beta of 0.30. Ardent Health, Inc. has a 52-week low of $10.10 and a 52-week high of $20.72. The stock has a fifty day simple moving average of $12.34 and a 200 day simple moving average of $13.18.

Ardent Health (NYSE:ARDT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.22. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates 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. On average, research analysts anticipate that Ardent Health, Inc. will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ARDT. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $21.00 price target on shares of Ardent Health in a research note on Thursday, May 15th. Guggenheim boosted their price target on 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. decreased their price objective on Ardent Health from $18.00 to $15.00 and set a "neutral" rating on the stock in a report on Monday, August 11th. Bank of America cut shares of Ardent Health from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $15.50 to $14.60 in a research note on Wednesday, July 16th. Finally, KeyCorp decreased their price target on shares of Ardent Health from $24.00 to $20.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ardent Health currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.56.

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.