Deutsche Bank AG Purchases 4,016 Shares of Ardent Health, Inc. $ARDT

Deutsche Bank AG grew its position in Ardent Health, Inc. (NYSE:ARDT) by 140.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,882 shares of the company’s stock after buying an additional 4,016 shares during the period. Deutsche Bank AG’s holdings in Ardent Health were worth $95,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in shares of Ardent Health by 52.6% during the fourth quarter. Wells Fargo & Company MN now owns 8,704 shares of the company’s stock valued at $149,000 after acquiring an additional 3,002 shares in the last quarter. Barclays PLC lifted its position in Ardent Health by 24.7% in the 4th quarter. Barclays PLC now owns 26,177 shares of the company’s stock valued at $447,000 after acquiring an additional 5,185 shares in the last quarter. Voya Investment Management LLC boosted its stake in Ardent Health by 38.7% during the 4th quarter. Voya Investment Management LLC now owns 14,874 shares of the company’s stock valued at $254,000 after purchasing an additional 4,149 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Ardent Health by 7.9% in the 4th quarter. Northern Trust Corp now owns 76,191 shares of the company’s stock worth $1,301,000 after purchasing an additional 5,571 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Ardent Health by 128.8% in the fourth quarter. Bank of America Corp DE now owns 168,370 shares of the company’s stock worth $2,876,000 after purchasing an additional 94,772 shares during the last quarter.

Ardent Health Trading Up 1.2%

Ardent Health stock opened at $12.68 on Tuesday. Ardent Health, Inc. has a 52-week low of $10.10 and a 52-week high of $20.72. The company has a market cap of $1.82 billion, a P/E ratio of 7.01, a P/E/G ratio of 5.61 and a beta of 0.29. The company has a quick ratio of 2.00, a current ratio of 2.13 and a debt-to-equity ratio of 0.66. The business has a 50-day simple moving average of $12.37 and a two-hundred day simple moving average of $13.21.

Ardent Health (NYSE:ARDT) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.22. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations 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. Analysts predict that Ardent Health, Inc. will post 1.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ARDT. KeyCorp dropped their price objective on Ardent Health from $24.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. Guggenheim upped their target price on shares of Ardent Health from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $21.00 price target on shares of Ardent Health in a research note on Thursday, May 15th. Bank of America cut shares of Ardent Health from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $15.50 to $14.60 in a report on Wednesday, July 16th. Finally, Wall Street Zen upgraded shares of Ardent Health from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.