Ventas Inc. Invests $159.57 Million in Ardent Health Partners, LLC (NYSE:ARDT)

Ventas Inc. acquired a new position in Ardent Health Partners, LLC (NYSE:ARDT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,342,501 shares of the company's stock, valued at approximately $159,570,000. Ardent Health Partners comprises approximately 100.0% of Ventas Inc.'s portfolio, making the stock its biggest holding. Ventas Inc. owned 6.55% of Ardent Health Partners as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. lifted its stake in shares of Ardent Health Partners by 9.4% in the 4th quarter. Franklin Resources Inc. now owns 917,926 shares of the company's stock valued at $15,678,000 after purchasing an additional 78,575 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Ardent Health Partners by 9.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 779,601 shares of the company's stock valued at $13,136,000 after acquiring an additional 65,833 shares during the last quarter. Pier Capital LLC lifted its holdings in shares of Ardent Health Partners by 70.1% in the 4th quarter. Pier Capital LLC now owns 373,904 shares of the company's stock worth $6,386,000 after acquiring an additional 154,077 shares during the last quarter. Peregrine Capital Management LLC boosted its stake in shares of Ardent Health Partners by 30.8% during the 4th quarter. Peregrine Capital Management LLC now owns 341,235 shares of the company's stock worth $5,828,000 after purchasing an additional 80,369 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new stake in Ardent Health Partners in the 4th quarter worth about $4,478,000.

Analyst Upgrades and Downgrades

ARDT has been the topic of a number of analyst reports. Stephens reaffirmed an "overweight" rating and set a $22.00 target price on shares of Ardent Health Partners in a research note on Tuesday, April 1st. Guggenheim assumed coverage on Ardent Health Partners in a research note on Wednesday, April 9th. They issued a "buy" rating and a $16.00 target price on the stock. Truist Financial cut their price target on shares of Ardent Health Partners from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Royal Bank of Canada decreased their price objective on shares of Ardent Health Partners from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, March 4th. Finally, Morgan Stanley dropped their target price on shares of Ardent Health Partners from $23.50 to $22.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $20.58.

Ardent Health Partners Stock Down 8.2 %

ARDT traded down $1.02 on Monday, hitting $11.49. The company had a trading volume of 86,556 shares, compared to its average volume of 452,381. The stock has a fifty day moving average price of $13.61 and a 200-day moving average price of $15.53. Ardent Health Partners, LLC has a 12-month low of $11.49 and a 12-month high of $20.72. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.91 and a quick ratio of 1.78.

Ardent Health Partners (NYSE:ARDT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.31. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.48 billion. On average, equities research analysts forecast that Ardent Health Partners, LLC will post 1.23 EPS for the current year.

About Ardent Health Partners

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.