Norges Bank Acquires New Position in Ardent Health Partners, LLC (NYSE:ARDT)

Norges Bank acquired a new stake in Ardent Health Partners, LLC (NYSE:ARDT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 90,645 shares of the company's stock, valued at approximately $1,548,000. Norges Bank owned approximately 0.06% of Ardent Health Partners at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ARDT. JPMorgan Chase & Co. boosted its stake in shares of Ardent Health Partners by 66.8% during the 4th quarter. JPMorgan Chase & Co. now owns 13,992 shares of the company's stock worth $239,000 after acquiring an additional 5,602 shares in the last quarter. Pier Capital LLC raised its holdings in Ardent Health Partners by 70.1% in the fourth quarter. Pier Capital LLC now owns 373,904 shares of the company's stock valued at $6,386,000 after acquiring an additional 154,077 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Ardent Health Partners during the 4th quarter valued at approximately $4,478,000. Prudential Financial Inc. acquired a new position in shares of Ardent Health Partners during the fourth quarter valued at $481,000. Finally, Sei Investments Co. increased its stake in Ardent Health Partners by 27.7% during the 4th quarter. Sei Investments Co. now owns 176,866 shares of the company's stock valued at $3,021,000 after buying an additional 38,347 shares during the period.

Analyst Ratings Changes

Several research analysts recently weighed in on ARDT shares. Stephens reissued an "overweight" rating and set a $22.00 price target on shares of Ardent Health Partners in a research report on Tuesday, April 1st. Morgan Stanley cut their price objective on shares of Ardent Health Partners from $23.50 to $22.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Mizuho decreased 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. Royal Bank of Canada dropped their price target on 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, Truist Financial dropped their price objective on Ardent Health Partners from $22.00 to $21.00 and set a "buy" rating for the company in a report on Monday, January 6th. Two investment 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $20.58.

Ardent Health Partners Price Performance

Shares of Ardent Health Partners stock traded up $0.09 during trading on Thursday, hitting $12.39. The company's stock had a trading volume of 58,343 shares, compared to its average volume of 405,464. Ardent Health Partners, LLC has a 52 week low of $11.60 and a 52 week 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. The company has a fifty day simple moving average of $13.70 and a two-hundred day simple moving average of $15.66.

Ardent Health Partners (NYSE:ARDT - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $1.48 billion. On average, equities research analysts forecast that Ardent Health Partners, LLC will post 1.23 EPS for the current fiscal 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.