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ARDT · Ardent Health, Inc.

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$17.80 +0.12 (+0.68%) At close · Nov 13
Market Cap
$2.51B
Shares
140.94M
Volume · Nov 13 779.54K Avg daily vol (3M) 544.41K

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$17.80 Open$18.07 Day$17.39–18.22 52W close$7.83–18.19 Avg vol 30d727K Short int3.4M · 2.4% of shares · 8.8d Short vol54% Last earningsNov 5, 2026 DataJul 2024–Nov 2026 Filing10-Q · Nov 5

Up next

Mar 4, 2027 Est · unconfirmed · in 16 wks

Latest documents

2026
Nov 12
Current report 8-K
Boone Health acquisition priced at $47 million cash

Ardent Health, Inc. agreed to acquire Boone Health for $47 million in cash, including Boone Hospital Center and 19 sites of care; closing is expected in the first quarter of 2027.

Regulation FD disclosure
3 source passages
Ardent Health (NYSE: ARDT), a leading provider of healthcare in growing mid-sized urban communities across the U.S., today announced a definitive agreement to acquire Boone Health, a not-for-profit health system based in Columbia, Missouri, for a purchase price of $47 million in cash. The acquisition will include the 392-bed Boone Hospital Center, Boone Health Medical Group, 19 sites of care, related ancillary services and associated real estate. The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions. Open the document at this passage
Nov 10
Investor event
Impact savings support growth into 2027

Ardent expects its multi-year Impact program to deliver at least $70 million in savings this year and provide a tailwind into 2027, when focus shifts toward smart service-line additions and disciplined M&A.

5 source passages
We do see 2027 more as a growth year around smart additions and future work around M&A activity, less around optimizing. Sure. Yeah, 100 percent, this is a multi-year. It's definitely a program, not a project, so it's going to span a number of years. Again, as we've talked about this year, delivering at least $70 million. We will absolutely see that as a tailwind going into next year, growing the, expanding the program for new opportunities. All right. Well, that's exciting, and we appreciate you guys participating this year, Ardent, and look forward to hearing more about that. Open the document at this passage
Nov 5
Earnings call
Raises 2026 EBITDA outlook and plans Kansas divestiture

Ardent Health reported third-quarter revenue of $1.62 billion and adjusted EBITDA of $138 million, raised its 2026 adjusted EBITDA outlook to $500 to $535 million, and agreed to divest its Kansas hospital ownership at 11 times EBITDA.

4 source passages
welcome you to Ardent Health's third quarter 2026 earnings conference call. We reported third quarter revenue of $1.62 billion and adjusted EBITDA of $138 million, driven by strong execution and cost discipline. we're raising the lower end of our 2026 adjusted EBITDA outlook to $500 million from $485 million while maintaining the upper end at $535 million. Ultimately, we agreed to monetize the asset at an accretive multiple of 11 times EBITDA. Open the document at this passage
Nov 5
Quarterly report 10-Q FY2026 Q3, ended Sep 30
St. Francis sale set at $58.4 million

Ardent Health, Inc. agreed to sell its 70.5% equity interest in St. Francis to the University of Kansas Hospital Authority for $58.4 million; the sale is expected to close in the fourth quarter of 2026.

Revenue $1.62B ▲ 3.1% Net income $44.52M Diluted EPS $0.31
Read from the MD&A section
2 source passages
On September 28, 2026, the Company entered into a definitive agreement to sell its 70.5% equity interest in St. Francis to the University of Kansas Hospital Authority for $58.4 million. The sale is expected to close in the fourth quarter of 2026, subject to customary closing conditions. Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$6.45B
Trailing 12 months
Net income (TTM)
$146.22M
Trailing 12 months
Revenue growth YoY
+3.1%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
17.3
Trailing earnings · reciprocal yield 5.8%
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$332.21M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+0.3%
Year over year · more shares
Price change (1Y)
+91.4%
Trailing year
Short interest
2.4%
Latest settlement · 8.8 days to cover
View all 125 metrics

AI Brief

Q2 FY26 earnings call · Aug 5, 2026
Q2 FY26

TL;DR. Ardent reaffirmed full-year 2026 adjusted EBITDA guidance of $485–$535M despite softer Q2 volumes, citing $25M of volume headwinds fully offset by $20–$30M from a raised IMPACT savings target (now at least $70M, up from $55M) and a payer contract renewal expected to add $5–$10M. Q2 adjusted EBITDA fell 32.3% YoY to $115M on a 2.9% decline in total surgeries, while operating cash flow jumped 67% to $197M.

Bullish
  • + Raised 2026 IMPACT savings target to at least $70M from $55M, including $15–$20M from workforce restructuring
  • + Payer contract renewal in one market expected to add $5–$10M to 2026 adjusted EBITDA not in prior guidance
Bearish
  • − Q2 adjusted EBITDA declined 32.3% YoY to $115M
  • − $25M volume headwind in Q2 and H2 from softer-than-expected surgeries and admissions

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Buy
SellHoldBuy
Technical Buy Momentum Very Strong Sentiment Bullish Fundamentals Strong Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Buy
50 / 200-day cross No cross
Price vs 200-day avg +72%
above
Price vs 50-day avg +47%
above
RSI (14) 81
overbought
MACD trend Positive
52-week position 96%
near high
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Strong
1-month return +49%
trailing
6-month return +92%
trailing
YTD return +102%
this year
Relative strength +91%
vs S&P · 6-mo
Sentiment
smart money
Bullish
Trend (MA cross) No cross
50d $12 › 200d $10 — 50d above 200d
Institutional flow Accumulating
106 of 138 funds reported for Sep 30 · net +2.2M sh shares · +17 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
2.45% of shares out · ▼ -8.2% MoM · 8.8 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
138 holders — near 2-yr high, broad support
Squeeze score 76
high risk · 0–100
Fundamentals
Strong
Revenue growth +6%
Y/Y
EPS growth −39%
Y/Y
Valuation P/E 17.3
below peers
Buyback $33.7M
remaining
Balance sheet $389.6M
net debt
Quant / Vol
risk profile
Very High
Volatility 49%
annualized · 1-yr
Max drawdown −24%
past year
ATR 4.6%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 3 of last 3
Latest guidance · from the Earnings Call filed Aug 5, 2026
full-year 2026
Revenue Maintained $6.4B – $6.7B
Mar 5, 2026 $6.4B – $6.7B changed to Aug 5, 2026 $6.4B – $6.7B
prior FY $6.32B midpoint +3.6% Y/Y
Adjusted EBITDA Non-GAAP Maintained $485M – $535M
Mar 5, 2026 $485M – $535M changed to Aug 5, 2026 $485M – $535M
this year
Exchange headwind $35M
Previous outlook earlier release · from the 8-K filed Aug 4, 2026

Still-open targets the latest release did not restate under the same label.

Diluted earnings per share · Full Year 2026 $0.78 – $1.15
Adjusted admissions growth · Full Year 2026 1.5% – 2.5%
Guided vs delivered · last 3 settled
Revenue 2025
guided $6.2B – $6.45B
$6.32B In line
Diluted earnings per share Full Year 2025
guided $0.85 – $1.03
$0.96 In line
Total revenue Full Year 2024
guided $5.75B – $5.9B
$5.97B Beat +2.4%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy
1 · 2 · 4
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+72% Bullish
Price vs 50-day avg
+47% Bullish
RSI (14)
81 Bearish
MACD trend
Positive Bullish
52-week position
96% Bullish
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross) No cross
50d $12 › 200d $10 — 50d above 200d
Institutional flow Accumulating
106 of 138 funds reported for Sep 30 · net +2.2M sh shares · +17 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
2.45% of shares out · ▼ -8.2% MoM · 8.8 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
138 holders — near 2-yr high, broad support
Price context
position in its 52-week range
Range low $8 Now $18 · 96% Range high $18
vs 200-day avg +72% vs 50-day avg +47%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Adjusted admissions growth 2.5% the three months ended June 30, 2026 filing —
Admissions change 1% the three months ended June 30, 2026 filing —
Contract labor reduction 41.6% the three months ended June 30, 2026 filing —
JV entities revenue as percentage of total revenue 28.6% the three months ended June 30, 2026 filing —
Net patient service revenue per adjusted admission change 3.9% the three months ended June 30, 2026 filing —
Revenue from Medicaid supplemental payment programs $197.1M the three months ended June 30, 2026 filing —
Total revenue related to JV entities $464.7M the three months ended June 30, 2026 filing —
Total surgeries change 2.9% the three months ended June 30, 2026 filing —
Adjusted admissions 89,326 Three Months Ended June 30, 2026 —
Adjusted EBITDA non-GAAP $115M the second quarter of 2026 —
Adjusted EBITDA margin non-GAAP 7.1% Three Months Ended June 30, 2026 —
Adjusted EBITDAR non-GAAP $322.07M Six Months Ended June 30, 2026 —
Admissions 41,104 Three Months Ended June 30, 2026 —
Average length of stay 4.6 Three Months Ended June 30, 2026 —
Emergency room visits 156,896 Three Months Ended June 30, 2026 —
Hospitals operated (at period end) 30 Three Months Ended June 30, 2026 —
Inpatient surgeries 9,106 Three Months Ended June 30, 2026 —
Licensed beds (at period end) 4,281 Three Months Ended June 30, 2026 —
Net patient service revenue per adjusted admission $17,864 Three Months Ended June 30, 2026 —
Outpatient surgeries 22,649 Three Months Ended June 30, 2026 —
Patient days 189,223 Three Months Ended June 30, 2026 —
Total encounters 1,581,207 Three Months Ended June 30, 2026 —
Total surgeries 31,755 Three Months Ended June 30, 2026 —
Utilization of licensed beds 49% Three Months Ended June 30, 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Medical Care Facilities — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
ARDT
Ardent Health, Inc.
this stock
$2.51B +101.6% +6.0% 17.3 2.4%
HCA
HCA Healthcare, Inc.
$104.25B +6.9% +7.1% 16.6 2.3%
FSNUY
Fresenius SE & Co. KGaA
$33.34B +3.3% — — 0.0%
THC
Tenet Healthcare Corp
$22.76B +43.9% +0.9% 8.3 2.2%
EHC
Encompass Health Corp
$13.83B +32.8% +10.5% 22.0 3.7%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
147
% held
78.5%
Reported
106 of 138
Top holder
CHAI TRUST CO LLC
Held Float
View
Held by Funds
Fund positions
139
View
Short & Settlement
Short Interest Falling
Shares short
3.4M
Days to cover
8.8d
Change
-305.9K sh
View
Short Volume
Short vol %
54%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
4.2K
Value
$46.9K
As of
Oct 9, 2026
View
Off-Exchange
Off-exchange %
44.4%
Week of
Oct 5, 2026
Off-exch Lit
View
Financials
Financials
Revenue (FY)
$6.3B
Net income (FY)
$135.8M
EPS diluted
$0.96
View
Buybacks
Authorized
$50.0M
Remaining
$33.7M
Spent Remaining
View
Filings
SEC Filings
Latest
8-K
Filed
Nov 12, 2026
This year
22

Ardent Health, Inc. agreed to acquire Boone Health for $47 million in cash, including Boone Hospital Center and 19 sites of care; closing is expected in the first quarter of 2027.

View
Proposed Sales
Value
$398.0K
Shares
35.9K
Filed
Aug 27, 2026
View
Earnings & Events
Webcasts
Last webcast
Nov 10, 2026
View
Investor Relations
Latest news
Ardent Health Announces Definitiv…
Published
Nov 12, 2026
View

Performance

5D 20D 120D MTD YTD
ARDT +2.9% +49.0% +91.6% +48.0% +101.6%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY +0.3% +50.1% +91.1% +48.1% +91.0%

Capital returns

Buyback program · as of Jun 30, 2026
Authorized
$50.00M
Spent (derived)
$16.30M
Remaining
$33.70M
Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1756655 CUSIP 03980N107 13F (30d) 95 filings 91 filers Visit website Investor relations