Allspring Global Investments Holdings LLC acquired a new stake in Ardent Health Partners, LLC (NYSE:ARDT - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 713,768 shares of the company's stock, valued at approximately $13,119,000. Allspring Global Investments Holdings LLC owned 0.50% of Ardent Health Partners at the end of the most recent quarter.
Separately, Seven Grand Managers LLC acquired a new stake in Ardent Health Partners in the 3rd quarter worth $2,298,000.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on ARDT. Stephens reiterated an "overweight" rating and issued a $24.00 target price on shares of Ardent Health Partners in a research note on Thursday, September 19th. Leerink Partnrs upgraded Ardent Health Partners to a "strong-buy" rating in a research report on Monday, August 12th. Leerink Partners began coverage on Ardent Health Partners in a research report on Monday, August 12th. They set an "outperform" rating and a $23.00 price objective on the stock. Truist Financial initiated coverage on Ardent Health Partners in a research report on Monday, August 12th. They issued a "buy" rating and a $21.00 target price for the company. Finally, Citigroup initiated coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They issued a "buy" rating and a $21.00 price target on the stock. One research analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $21.91.
Read Our Latest Research Report on ARDT
Ardent Health Partners Stock Performance
Shares of NYSE:ARDT traded down $0.16 during midday trading on Friday, reaching $17.74. The company's stock had a trading volume of 175,312 shares, compared to its average volume of 396,069. The stock's fifty day simple moving average is $18.51. 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, LLC has a fifty-two week low of $15.00 and a fifty-two week high of $20.72.
Ardent Health Partners (NYSE:ARDT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. On average, equities research analysts predict that Ardent Health Partners, LLC will post 1.25 EPS for the current fiscal year.
Ardent Health Partners Profile
(
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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