Ardent Health, Inc.
ARDT · Services-General Medical & Surgical Hospitals, NEC · 143.4M shares · +0%/yr ↓ buyback · EDGAR filings ↗
Reference price $8.73 · est. market cap ~$1.3B — last insider purchase, 2026-06-05 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B70Ardent Health — hospital operator with solid ROA, moderate leverage.
Strengths
- ROA 75th pct, ROE 10.5% (64th); strong cash (81st)
Risks
- Thin net margin; leverage (D/E 0.84, 76th)
- Reimbursement and labor-cost exposure
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
2.1%
Return on equity
10.5%
Return on assets
2.6%
Revenue growth (QoQ)
-0.2%
Net-income growth
-35.4%
Debt / equity
0.8×
Current ratio
2.0×
Tangible book value
$396M
Cash & investments
$710M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-05 | DeMichiei Robert | Buy | 11K | $8.73 |
| 2026-06-05 | LUMSDAINE ALFRED | Buy | 10K | $8.81 |
| 2026-04-01 | Havdala Ellen | Grant | 14K | — |
| 2026-04-01 | Sotir Mark R | Grant | 14K | — |
| 2026-04-01 | Sen Rahul | Grant | 14K | — |
| 2026-04-01 | Webb Robert Thomas | Grant | 14K | — |
| 2026-04-01 | Robinson Edmondo | Grant | 14K | — |
| 2026-04-01 | DeMichiei Robert | Grant | 14K | — |
| 2026-04-01 | GOODYEAR WILLIAM M | Grant | 14K | — |
| 2026-04-01 | Campion Suzanne | Grant | 14K | — |
| 2026-04-01 | BYNOE PETER C B | Grant | 14K | — |
| 2026-04-01 | Caspers Dave | Tax withheld | 2.7K | $8.67 |
| 2026-04-01 | Caspers Dave | Grant | 36K | — |
| 2026-04-01 | Petrovich Stephen C. | Tax withheld | 1.8K | $8.67 |
| 2026-04-01 | Petrovich Stephen C. | Grant | 25K | — |
| 2026-04-01 | Bonick Martin | Grant | 135K | — |
| 2026-04-01 | Bulgarelli Peter J. | Grant | 14K | — |
| 2026-04-01 | Byers David Raynor | Grant | 12K | — |
| 2026-04-01 | LUMSDAINE ALFRED | Tax withheld | 4.4K | $8.67 |
| 2026-04-01 | LUMSDAINE ALFRED | Grant | 54K | — |
| 2026-04-01 | Bonick Martin | Tax withheld | 11K | $8.67 |
| 2026-04-01 | Byers David Raynor | Tax withheld | 924 | $8.67 |
| 2026-03-31 | Byers David Raynor | Tax withheld | 819 | $8.56 |
| 2026-03-31 | Bonick Martin | Tax withheld | 8.0K | $8.56 |
| 2026-03-31 | Petrovich Stephen C. | Tax withheld | 1.4K | $8.56 |
| 2026-03-31 | LUMSDAINE ALFRED | Tax withheld | 2.5K | $8.56 |
| 2026-03-11 | Bonick Martin | Grant | 195K | — |
| 2026-03-11 | Petrovich Stephen C. | Grant | 35K | — |
| 2026-03-11 | LUMSDAINE ALFRED | Grant | 61K | — |
| 2026-03-11 | Chernin Ethan | Grant | 32K | — |
| 2026-03-11 | Byers David Raynor | Grant | 8.9K | — |
| 2025-09-25 | Byers David Raynor | Tax withheld | 524 | $13.19 |
| 2025-09-25 | Petrovich Stephen C. | Tax withheld | 788 | $13.19 |
| 2025-09-25 | LUMSDAINE ALFRED | Tax withheld | 3.4K | $13.19 |
| 2025-04-02 | DeMichiei Robert | Grant | 10K | — |
| 2025-04-01 | Caspers Dave | Tax withheld | 2.5K | $12.97 |
| 2025-04-01 | Bonick Martin | Grant | 135K | — |
| 2025-04-01 | Caspers Dave | Grant | 33K | — |
| 2025-04-01 | Byers David Raynor | Grant | 12K | — |
| 2025-04-01 | Chernin Ethan | Grant | 21K | — |
| 2025-04-01 | Schultz David | Grant | 27K | — |
| 2025-04-01 | Petrovich Stephen C. | Grant | 22K | — |
| 2025-04-01 | Caspers Dave | Grant | 7.7K | — |
| 2025-04-01 | LUMSDAINE ALFRED | Grant | 54K | — |
| 2025-03-31 | Petrovich Stephen C. | Tax withheld | 1.4K | $13.75 |
| 2025-03-31 | Byers David Raynor | Tax withheld | 676 | $13.75 |
| 2025-03-31 | Chernin Ethan | Tax withheld | 1.3K | $13.75 |
| 2025-03-31 | Schultz David | Tax withheld | 1.8K | $13.75 |
| 2025-03-31 | LUMSDAINE ALFRED | Tax withheld | 2.5K | $13.75 |
| 2025-03-31 | Bonick Martin | Tax withheld | 13K | $13.75 |
| 2025-03-21 | Campion Suzanne | Grant | 13K | — |
| 2025-03-21 | BYNOE PETER C B | Grant | 13K | — |
| 2025-03-21 | GOODYEAR WILLIAM M | Grant | 13K | — |
| 2025-03-21 | Havdala Ellen | Grant | 13K | — |
| 2025-03-21 | Sen Rahul | Grant | 13K | — |
| 2025-03-21 | Sotir Mark R | Grant | 13K | — |
| 2025-03-21 | Robinson Edmondo | Grant | 13K | — |
| 2025-03-21 | Webb Robert Thomas | Grant | 13K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-02 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-05-26 | Shareholder vote | filing ↗ |
| 2026-05-05 | ResultsExhibits | filing ↗ |
| 2026-03-27 | Exec/director change | filing ↗ |
| 2026-03-04 | ResultsExhibits | filing ↗ |
| 2025-11-18 | Reg FDOtherExhibits | filing ↗ |
| 2025-11-12 | ResultsExhibits | filing ↗ |
| 2025-09-23 | Material agreementDebt obligationExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-02 | 2026-06-02 | 0001193125-26-253567 ↗ |
| 8-K | 2026-05-26 | 2026-05-20 | 0001628280-26-038152 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001628280-26-031299 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001628280-26-030552 ↗ |
| 8-K | 2026-03-27 | 2026-03-24 | 0001628280-26-021738 ↗ |
| 10-K | 2026-03-16 | 2025-12-31 | 0001628280-26-018174 ↗ |
| 8-K | 2026-03-04 | 2026-03-04 | 0001628280-26-014640 ↗ |
| 8-K | 2025-11-18 | 2025-11-17 | 0001628280-25-052879 ↗ |
| 10-Q | 2025-11-14 | 2025-09-30 | 0001628280-25-052362 ↗ |
| 8-K | 2025-11-12 | 2025-11-12 | 0001628280-25-051634 ↗ |
| 8-K | 2025-09-23 | 2025-09-18 | 0001628280-25-042486 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0001756655-25-000018 ↗ |