State of Tennessee Department of Treasury Sells 3,616 Shares of Ardent Health Partners, LLC (NYSE:ARDT)

State of Tennessee Department of Treasury lessened its position in Ardent Health Partners, LLC (NYSE:ARDT) by 33.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,324 shares of the company’s stock after selling 3,616 shares during the period. State of Tennessee Department of Treasury’s holdings in Ardent Health Partners were worth $125,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ARDT. US Bancorp DE acquired a new position in Ardent Health Partners during the fourth quarter worth approximately $31,000. R Squared Ltd acquired a new position in shares of Ardent Health Partners during the 4th quarter worth approximately $37,000. New York State Common Retirement Fund bought a new stake in Ardent Health Partners in the 4th quarter valued at $48,000. Wells Fargo & Company MN lifted its holdings in Ardent Health Partners by 52.6% during the 4th quarter. Wells Fargo & Company MN now owns 8,704 shares of the company’s stock valued at $149,000 after purchasing an additional 3,002 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new position in Ardent Health Partners during the third quarter worth $154,000.

Ardent Health Partners Stock Performance

ARDT stock opened at $13.17 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.91 and a quick ratio of 1.78. The firm has a 50-day moving average price of $13.16 and a 200-day moving average price of $15.05. Ardent Health Partners, LLC has a 12 month low of $11.31 and a 12 month high of $20.72.

Ardent Health Partners (NYSE:ARDT) last issued its earnings results on Wednesday, February 26th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.31. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.48 billion. Research analysts expect that Ardent Health Partners, LLC will post 1.23 EPS for the current year.

Analysts Set New Price Targets

ARDT has been the subject of a number of research reports. Royal Bank of Canada cut their target price on shares of Ardent Health Partners from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. Guggenheim started coverage on Ardent Health Partners in a report on Wednesday, April 9th. They set a “buy” rating and a $16.00 price objective for the company. Mizuho lowered their target price on Ardent Health Partners from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley reduced their price target on Ardent Health Partners from $23.50 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Finally, Truist Financial lowered their price objective on Ardent Health Partners from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Ardent Health Partners presently has a consensus rating of “Buy” and an average target price of $20.58.

Ardent Health Partners 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.