Ardent Health Partners, LLC (NYSE:ARDT - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $16.69, but opened at $17.10. Ardent Health Partners shares last traded at $16.93, with a volume of 45,373 shares changing hands.
Analyst Upgrades and Downgrades
Several research firms have weighed in on ARDT. KeyCorp assumed coverage on Ardent Health Partners in a research note on Friday, October 11th. They issued an "overweight" rating and a $24.00 target price on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $20.00 price target on shares of Ardent Health Partners in a research report on Tuesday, December 17th. Bank of America cut shares of Ardent Health Partners from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $22.00 to $19.00 in a report on Wednesday, November 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $23.00 target price on shares of Ardent Health Partners in a report on Thursday, November 14th. Finally, Leerink Partners boosted their price target on shares of Ardent Health Partners from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $22.00.
Check Out Our Latest Report on Ardent Health Partners
Ardent Health Partners Price Performance
The business has a 50 day simple moving average of $16.97. The company has a current ratio of 1.91, a quick ratio of 1.78 and a debt-to-equity ratio of 0.78.
Institutional Investors Weigh In On Ardent Health Partners
Several institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in shares of Ardent Health Partners in the third quarter valued at approximately $28,724,000. Point72 Asset Management L.P. bought a new position in Ardent Health Partners in the third quarter valued at $27,428,000. Goldentree Asset Management LP acquired a new stake in Ardent Health Partners in the 3rd quarter valued at $22,897,000. Franklin Resources Inc. bought a new stake in Ardent Health Partners during the 3rd quarter worth about $15,839,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Ardent Health Partners during the 3rd quarter worth about $13,119,000.
About Ardent Health Partners
(
Get Free Report)
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.
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