BNP Paribas Financial Markets Takes $42,000 Position in Ardent Health Partners, LLC (NYSE:ARDT)

BNP Paribas Financial Markets purchased a new position in Ardent Health Partners, LLC (NYSE:ARDT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,301 shares of the company’s stock, valued at approximately $42,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Financial Management Professionals Inc. purchased a new position in Ardent Health Partners during the third quarter valued at $50,000. Charles Schwab Investment Management Inc. bought a new position in shares of Ardent Health Partners in the 3rd quarter worth about $526,000. Seven Grand Managers LLC purchased a new position in Ardent Health Partners during the 3rd quarter valued at about $2,298,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Ardent Health Partners during the third quarter worth about $13,119,000.

Analyst Ratings Changes

A number of brokerages have weighed in on ARDT. Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 target price on shares of Ardent Health Partners in a research note on Thursday, November 14th. Stephens reaffirmed an “overweight” rating and set a $24.00 price objective on shares of Ardent Health Partners in a research report on Thursday, September 19th. Bank of America downgraded Ardent Health Partners from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $22.00 to $19.00 in a report on Wednesday, November 6th. JPMorgan Chase & Co. restated a “neutral” rating and set a $20.00 price target on shares of Ardent Health Partners in a report on Tuesday. Finally, KeyCorp began coverage on shares of Ardent Health Partners in a research note on Friday, October 11th. They issued an “overweight” rating and a $24.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $22.00.

Ardent Health Partners Stock Performance

ARDT opened at $16.05 on Friday. The company’s 50-day moving average is $17.30. 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 52-week low of $14.57 and a 52-week high of $20.72.

About Ardent Health Partners

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.