Voya Investment Management LLC Has $364,000 Stock Holdings in Ardent Health, Inc. $ARDT

Voya Investment Management LLC raised its position in Ardent Health, Inc. (NYSE:ARDT) by 77.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,468 shares of the company’s stock after acquiring an additional 11,594 shares during the quarter. Voya Investment Management LLC’s holdings in Ardent Health were worth $364,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of Ardent Health by 128.8% during the 4th quarter. Bank of America Corp DE now owns 168,370 shares of the company’s stock worth $2,876,000 after buying an additional 94,772 shares in the last quarter. Deutsche Bank AG raised its stake in Ardent Health by 1,251.9% in 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. Nuveen Asset Management LLC lifted its position in Ardent Health by 220.6% in 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. Rhumbline Advisers increased its stake in shares of Ardent Health by 46.8% during the first quarter. Rhumbline Advisers now owns 24,827 shares of the company’s stock valued at $341,000 after buying an additional 7,914 shares during the period. Finally, Beacon Capital Management LLC purchased a new stake in shares of Ardent Health in the first quarter worth $144,000.

Ardent Health Price Performance

NYSE:ARDT opened at $13.25 on Friday. The firm’s 50-day simple moving average is $12.27 and its 200 day simple moving average is $13.03. Ardent Health, Inc. has a 52 week low of $10.10 and a 52 week high of $20.72. 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 $1.90 billion, a price-to-earnings ratio of 7.32, a P/E/G ratio of 5.86 and a beta of 0.30.

Ardent Health (NYSE:ARDT) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.22. The firm had revenue of $1.65 billion during 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. As a group, sell-side analysts predict that Ardent Health, Inc. will post 1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ARDT. JPMorgan Chase & Co. cut their price target on Ardent Health from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, August 11th. KeyCorp dropped their price target on Ardent Health from $24.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, August 7th. Bank of America cut Ardent Health from a “neutral” rating to an “underperform” rating and cut their price target for the company from $15.50 to $14.60 in a research note on Wednesday, July 16th. Wall Street Zen upgraded Ardent Health from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Finally, UBS Group began coverage on shares of Ardent Health in a research report on Wednesday, September 10th. They issued a “buy” rating and a $17.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

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.