Ardent Health Partners, LLC (NYSE:ARDT - Get Free Report) shares dropped 5.6% on Thursday . The stock traded as low as $18.16 and last traded at $18.21. Approximately 242,137 shares traded hands during trading, a decline of 39% from the average daily volume of 396,081 shares. The stock had previously closed at $19.30.
Analyst Upgrades and Downgrades
ARDT has been the subject of several research reports. Royal Bank of Canada started coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They set an "outperform" rating and a $23.00 price objective for the company. Bank of America started coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They set a "buy" rating and a $22.00 target price for the company. KeyCorp started coverage on shares of Ardent Health Partners in a report on Friday, October 11th. They set an "overweight" rating and a $24.00 target price for the company. Citigroup started coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They set a "buy" rating and a $21.00 target price for the company. Finally, Morgan Stanley started coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They set an "overweight" rating and a $27.00 target price for the company. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Ardent Health Partners has a consensus rating of "Buy" and an average price target of $21.91.
Read Our Latest Research Report on ARDT
Ardent Health Partners Price Performance
The firm has a 50 day simple moving average of $18.49. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.54 and a current ratio of 1.65.
Ardent Health Partners (NYSE:ARDT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.05. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.46 billion. As a group, research analysts anticipate that Ardent Health Partners, LLC will post 1.25 EPS for the current year.
Hedge Funds Weigh In On Ardent Health Partners
A number of hedge funds and other institutional investors have recently modified their holdings of ARDT. Financial Management Professionals Inc. bought a new position in shares of Ardent Health Partners during the third quarter worth $50,000. Seven Grand Managers LLC bought a new position in shares of Ardent Health Partners during the third quarter worth $2,298,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Ardent Health Partners during the third quarter worth $13,119,000.
Ardent Health Partners Company Profile
(
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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