Ardent Health Sees Unusually Large Options Volume (NYSE:ARDT)

Ardent Health, Inc. (NYSE:ARDT) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 2,171 call options on the company. This represents an increase of 1,185% compared to the average volume of 169 call options.

Ardent Health Stock Performance

Shares of ARDT stock opened at $8.72 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.00 and a current ratio of 2.08. The firm has a market cap of $1.25 billion, a P/E ratio of 6.02, a P/E/G ratio of 6.55 and a beta of 0.44. The firm’s 50 day moving average price is $13.60 and its 200-day moving average price is $13.29. Ardent Health has a one year low of $8.28 and a one year high of $17.34.

Ardent Health (NYSE:ARDT) last posted its earnings results on Wednesday, November 12th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.10. Ardent Health had a net margin of 3.24% and a return on equity of 19.02%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.55 billion. Ardent Health has set its FY 2025 guidance at 0.850-1.030 EPS. As a group, equities research analysts predict that Ardent Health will post 1.23 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on ARDT shares. Morgan Stanley restated an “equal weight” rating and set a $12.00 target price (down from $22.00) on shares of Ardent Health in a report on Friday. Mizuho reduced their price objective on Ardent Health from $20.00 to $13.00 and set an “outperform” rating on the stock in a research report on Tuesday. Truist Financial lowered their price objective on Ardent Health from $21.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Wall Street Zen cut Ardent Health from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Royal Bank Of Canada reduced their price target on Ardent Health from $21.00 to $16.00 and set an “outperform” rating on the stock in a report on Friday. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Ardent Health has an average rating of “Hold” and a consensus target price of $15.25.

Hedge Funds Weigh In On Ardent Health

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC grew its position in Ardent Health by 990.6% in the 2nd quarter. CWM LLC now owns 2,203 shares of the company’s stock valued at $30,000 after acquiring an additional 2,001 shares in the last quarter. Morse Asset Management Inc acquired a new position in shares of Ardent Health in the first quarter valued at approximately $36,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Ardent Health during the 3rd quarter worth approximately $61,000. Quarry LP lifted its holdings in Ardent Health by 1,519.4% during the 1st quarter. Quarry LP now owns 5,020 shares of the company’s stock worth $69,000 after buying an additional 4,710 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Ardent Health in the 3rd quarter valued at approximately $80,000.

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.