Caption Management LLC Invests $566,000 in Ardent Health Partners, LLC (NYSE:ARDT)

Caption Management LLC purchased a new position in Ardent Health Partners, LLC (NYSE:ARDT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 33,148 shares of the company's stock, valued at approximately $566,000.

Several other hedge funds have also recently modified their holdings of the business. Ventas Inc. purchased a new position in Ardent Health Partners in the 4th quarter worth about $159,570,000. Franklin Resources Inc. grew its stake in shares of Ardent Health Partners by 9.4% in the fourth quarter. Franklin Resources Inc. now owns 917,926 shares of the company's stock worth $15,678,000 after acquiring an additional 78,575 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of 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 purchasing an additional 65,833 shares during the last quarter. Pier Capital LLC raised its holdings in shares of Ardent Health Partners by 70.1% during the fourth quarter. Pier Capital LLC now owns 373,904 shares of the company's stock valued at $6,386,000 after purchasing an additional 154,077 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its position in Ardent Health Partners by 30.8% during the fourth quarter. Peregrine Capital Management LLC now owns 341,235 shares of the company's stock valued at $5,828,000 after purchasing an additional 80,369 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada decreased 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. Morgan Stanley lowered their target price on Ardent Health Partners from $23.50 to $22.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Mizuho dropped their target price on Ardent Health Partners from $19.00 to $18.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Guggenheim increased their price objective on shares of Ardent Health Partners from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Stephens reissued an "overweight" rating and issued a $22.00 price objective on shares of Ardent Health Partners in a report on Tuesday, April 1st. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $20.75.

Ardent Health Partners Price Performance

Shares of ARDT traded down $0.08 during mid-day trading on Friday, reaching $14.48. The stock had a trading volume of 239,157 shares, compared to its average volume of 397,989. The business has a fifty day moving average of $13.09 and a 200 day moving average of $14.97. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.78 and a current ratio of 1.91. The firm has a market cap of $2.07 billion and a price-to-earnings ratio of 8.88. 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 - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.08. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.50 billion. Equities analysts predict that Ardent Health Partners, LLC will post 1.23 EPS for the current year.

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.