Ardent Health Partners, LLC's (NYSE:ARDT) Quiet Period To Expire on August 27th

Ardent Health Partners' (NYSE:ARDT - Get Free Report) quiet period is set to end on Tuesday, August 27th. Ardent Health Partners had issued 12,000,000 shares in its public offering on July 18th. The total size of the offering was $192,000,000 based on an initial share price of $16.00. During the company's quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

A number of analysts recently commented on ARDT shares. Citigroup assumed coverage on Ardent Health Partners in a research report on Monday, August 12th. They set a "buy" rating and a $21.00 price objective for the company. SVB Leerink initiated coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They issued an "outperform" rating and a $23.00 price objective on the stock. Bank of America began coverage on shares of Ardent Health Partners in a research report on Monday, August 12th. They set a "buy" rating and a $22.00 target price for the company. Stephens started coverage on shares of Ardent Health Partners in a research report on Monday, August 12th. They issued an "overweight" rating and a $24.00 price target on the stock. Finally, Leerink Partnrs raised shares of Ardent Health Partners to a "strong-buy" rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $21.70.

Ardent Health Partners Stock Performance

Shares of ARDT traded down $0.15 during trading hours on Tuesday, reaching $17.35. 101,180 shares of the stock traded hands, compared to its average volume of 360,989. Ardent Health Partners has a 52-week low of $15.00 and a 52-week high of $18.16.

Ardent Health Partners Company Profile

We are the fourth largest privately held, for-profit operator of hospitals and a leading provider of healthcare services in the United States(1). We currently operate in eight growing mid-sized urban markets across six states: Texas, Oklahoma, New Mexico, New Jersey, Idaho, and Kansas. We deliver care through a system of 30 acute care hospitals, more than 200 sites of care, and over 1,700 providers that are either employed by or affiliated with us(2), as of March 31, 2024.