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

Norges Bank bought a new stake in Ardent Health Partners, LLC (NYSE:ARDT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 90,645 shares of the company’s stock, valued at approximately $1,548,000. Norges Bank owned 0.06% of Ardent Health Partners as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP acquired a new position in Ardent Health Partners in the 3rd quarter valued at $28,724,000. Franklin Resources Inc. acquired a new position in Ardent Health Partners in the third quarter valued at about $15,839,000. Allspring Global Investments Holdings LLC lifted its position in 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 worth $13,136,000 after purchasing an additional 65,833 shares during the period. Pier Capital LLC grew its stake in Ardent Health Partners by 70.1% during the fourth quarter. Pier Capital LLC now owns 373,904 shares of the company’s stock worth $6,386,000 after buying an additional 154,077 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its holdings in Ardent Health Partners by 30.8% in the 4th quarter. Peregrine Capital Management LLC now owns 341,235 shares of the company’s stock valued at $5,828,000 after buying an additional 80,369 shares during the period.

Ardent Health Partners Stock Down 2.9 %

NYSE:ARDT opened at $11.76 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.78 and a debt-to-equity ratio of 0.78. Ardent Health Partners, LLC has a one year low of $11.60 and a one year high of $20.72. The firm’s 50 day simple moving average is $13.86 and its 200 day simple moving average is $15.77.

Ardent Health Partners (NYSE:ARDT) last posted its quarterly earnings data 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. On average, equities analysts anticipate that Ardent Health Partners, LLC will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

ARDT has been the subject of a number of recent analyst reports. Guggenheim began coverage on shares of Ardent Health Partners in a report on Wednesday. They set a “buy” rating and a $16.00 price target for the company. Stephens reaffirmed an “overweight” rating and issued a $22.00 target price on shares of Ardent Health Partners in a report on Tuesday, April 1st. Mizuho lowered their price target on Ardent Health Partners from $19.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday. Royal Bank of Canada reduced their price objective on Ardent Health Partners from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Finally, Morgan Stanley lowered their target price 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. 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’s stock. According to data from MarketBeat.com, Ardent Health Partners has a consensus rating of “Buy” and an average price target of $20.58.

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.