1,562,768 Shares in Ardent Health Partners, LLC (NYSE:ARDT) Purchased by Wellington Management Group LLP

Wellington Management Group LLP acquired a new position in shares of Ardent Health Partners, LLC (NYSE:ARDT - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,562,768 shares of the company's stock, valued at approximately $28,724,000. Wellington Management Group LLP owned about 1.09% of Ardent Health Partners as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Seven Grand Managers LLC bought a new stake in shares of Ardent Health Partners in the 3rd quarter valued at approximately $2,298,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Ardent Health Partners in the 3rd quarter valued at approximately $13,119,000. Financial Management Professionals Inc. bought a new stake in shares of Ardent Health Partners in the 3rd quarter valued at approximately $50,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Ardent Health Partners in the 3rd quarter valued at approximately $526,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Ardent Health Partners in the 3rd quarter valued at approximately $42,000.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ARDT. Royal Bank of Canada reiterated an "outperform" rating and issued a $23.00 price target on shares of Ardent Health Partners in a report on Thursday, November 14th. Leerink Partners boosted their price objective on Ardent Health Partners from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Bank of America lowered Ardent Health Partners from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $22.00 to $19.00 in a research report on Wednesday, November 6th. KeyCorp assumed coverage on Ardent Health Partners in a research report on Friday, October 11th. They set an "overweight" rating and a $24.00 price target for the company. Finally, Stephens reiterated an "overweight" rating and set a $24.00 price target on shares of Ardent Health Partners in a research report on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $21.82.

Ardent Health Partners Trading Up 0.2 %

ARDT stock traded up $0.03 during trading hours on Friday, hitting $16.73. 52,986 shares of the stock traded hands, compared to its average volume of 346,323. The firm has a 50-day moving average of $17.44. Ardent Health Partners, LLC has a one year low of $14.57 and a one year high of $20.72. The company has a quick ratio of 1.78, a current ratio of 1.91 and a debt-to-equity ratio of 0.78.

Ardent Health Partners Company Profile

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.