State of Wyoming Increases Stake in Ardent Health Partners, LLC (NYSE:ARDT)

State of Wyoming grew its stake in Ardent Health Partners, LLC (NYSE:ARDT - Free Report) by 123.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,693 shares of the company's stock after purchasing an additional 17,499 shares during the period. State of Wyoming's holdings in Ardent Health Partners were worth $541,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Ardent Health Partners during the 4th quarter valued at approximately $27,000. Point72 Asset Management L.P. grew its position in Ardent Health Partners by 7.9% during the fourth quarter. Point72 Asset Management L.P. now owns 1,609,720 shares of the company's stock valued at $27,494,000 after buying an additional 117,421 shares during the period. Nuveen Asset Management LLC increased its holdings in Ardent Health Partners by 220.6% in the fourth quarter. Nuveen Asset Management LLC now owns 169,475 shares of the company's stock valued at $2,895,000 after buying an additional 116,610 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Ardent Health Partners in the fourth quarter valued at $372,000. Finally, Deutsche Bank AG raised its position in shares of Ardent Health Partners by 1,251.9% in the fourth quarter. Deutsche Bank AG now owns 2,866 shares of the company's stock worth $49,000 after acquiring an additional 2,654 shares during the period.

Ardent Health Partners Trading Down 2.1%

Shares of ARDT opened at $15.09 on Tuesday. Ardent Health Partners, LLC has a 52-week low of $11.31 and a 52-week high of $20.72. The stock has a market cap of $2.16 billion and a PE ratio of 9.26. The firm's fifty day moving average is $13.16 and its two-hundred day moving average is $14.79. 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 (NYSE:ARDT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.08. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.50 billion. Research analysts forecast that Ardent Health Partners, LLC will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Guggenheim raised their target price on Ardent Health Partners from $16.00 to $18.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Mizuho dropped their price objective on Ardent Health Partners from $19.00 to $18.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. 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. Morgan Stanley dropped their price target 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. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $21.00 price target on shares of Ardent Health Partners in a report on Thursday, May 15th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Ardent Health Partners has an average rating of "Buy" and an average price target of $20.75.

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.

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