New York State Common Retirement Fund Buys Shares of 2,800 Ardent Health Partners, LLC (NYSE:ARDT)

New York State Common Retirement Fund bought a new stake in Ardent Health Partners, LLC (NYSE:ARDT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,800 shares of the company’s stock, valued at approximately $48,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ARDT. R Squared Ltd acquired a new position in shares of Ardent Health Partners during the 4th quarter worth about $37,000. BNP Paribas Financial Markets acquired a new position in shares of Ardent Health Partners during the 3rd quarter worth about $42,000. MetLife Investment Management LLC acquired a new position in shares of Ardent Health Partners during the 3rd quarter worth about $135,000. JPMorgan Chase & Co. acquired a new position in shares of Ardent Health Partners during the 3rd quarter worth about $154,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Ardent Health Partners during the 3rd quarter worth about $229,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Leerink Partners upped their price target on Ardent Health Partners from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Morgan Stanley cut their price target on Ardent Health Partners from $23.50 to $22.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Truist Financial cut their price target 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. Stephens reaffirmed an “overweight” rating and issued a $22.00 price target on shares of Ardent Health Partners in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $20.00 price target on shares of Ardent Health Partners in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $21.18.

Ardent Health Partners Trading Down 2.2 %

Shares of Ardent Health Partners stock opened at $14.98 on Friday. Ardent Health Partners, LLC has a 12 month low of $13.55 and a 12 month 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 stock’s fifty day simple moving average is $15.11 and its 200 day simple moving average is $16.79.

Ardent Health Partners (NYSE:ARDT) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.50 by $0.31. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.48 billion. As a group, equities research analysts expect that Ardent Health Partners, LLC will post 1.23 earnings per share 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.