Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 30,684 Ardent Health, Inc. (NYSE:ARDT)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested $422,000 in Ardent Health, acquiring 30,684 shares in the 1st quarter, highlighting growing interest in the healthcare provider.
• Ardent Health's stock opened at $10.21 with a market capitalization of $1.46 billion, and analysts predict an earnings per share of 1.23 for the fiscal year.
• Brokerages have mixed ratings on Ardent Health, with targets ranging from $14.60 to $21.00, but consensus indicates a "Moderate Buy" rating.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ardent Health, Inc. (NYSE:ARDT - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 30,684 shares of the company's stock, valued at approximately $422,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ventas Inc. acquired a new position in Ardent Health during the fourth quarter worth $159,570,000. Point72 Asset Management L.P. grew its position in shares of Ardent Health by 7.9% in the 4th quarter. Point72 Asset Management L.P. now owns 1,609,720 shares of the company's stock valued at $27,494,000 after buying an additional 117,421 shares during the last quarter. Franklin Resources Inc. raised its stake in Ardent Health by 9.4% during the 4th quarter. Franklin Resources Inc. now owns 917,926 shares of the company's stock worth $15,678,000 after acquiring an additional 78,575 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Ardent Health by 4.8% in the 1st 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. Finally, Nuveen Asset Management LLC boosted its stake in Ardent Health by 220.6% during the 4th quarter. Nuveen Asset Management LLC now owns 169,475 shares of the company's stock worth $2,895,000 after purchasing an additional 116,610 shares during the period.

Ardent Health Price Performance

NYSE:ARDT traded up $0.64 during trading hours on Wednesday, reaching $11.29. 1,010,508 shares of the company's stock were exchanged, compared to its average volume of 491,839. The company has a market capitalization of $1.61 billion and a P/E ratio of 5.88. The company has a quick ratio of 1.98, a current ratio of 2.12 and a debt-to-equity ratio of 0.70. The business's 50-day simple moving average is $12.87 and its two-hundred day simple moving average is $13.53. 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 issued its earnings results on Tuesday, August 5th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.30 by $0.22. The business had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.54 billion. Ardent Health had a return on equity of 17.10% and a net margin of 4.11%. Sell-side analysts expect that Ardent Health, Inc. will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Stephens reiterated an "overweight" rating and issued a $21.00 price objective on shares of Ardent Health in a research report on Tuesday, May 20th. Wall Street Zen cut shares of Ardent Health from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Bank of America lowered shares of Ardent Health from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $15.50 to $14.60 in a research note on Wednesday, July 16th. Guggenheim raised their target price on Ardent Health from $16.00 to $18.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Mizuho cut their price objective on shares of Ardent Health from $19.00 to $18.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.30.

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.