Financial Management Professionals Inc. Acquires Shares of 2,726 Ardent Health Partners, LLC (NYSE:ARDT)

Financial Management Professionals Inc. acquired a new stake in shares of Ardent Health Partners, LLC (NYSE:ARDT) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,726 shares of the company’s stock, valued at approximately $50,000.

Separately, Allspring Global Investments Holdings LLC acquired a new stake in Ardent Health Partners during the third quarter valued at approximately $13,119,000.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Leerink Partners assumed coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They issued an “outperform” rating and a $23.00 target price for the company. Truist Financial assumed coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They issued a “buy” rating and a $21.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They issued a “neutral” rating and a $18.00 target price for the company. Citigroup assumed coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They issued a “buy” rating and a $21.00 target price for the company. Finally, Morgan Stanley assumed coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They issued an “overweight” rating and a $27.00 target price for the company. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $21.91.

Ardent Health Partners Stock Performance

ARDT stock opened at $17.74 on Monday. The stock has a 50 day moving average of $18.51. Ardent Health Partners, LLC has a fifty-two week low of $15.00 and a fifty-two week high of $20.72. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.65 and a quick ratio of 1.54.

Ardent Health Partners (NYSE:ARDT) last issued its earnings results on Wednesday, August 14th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. As a group, equities analysts predict that Ardent Health Partners, LLC will post 1.25 EPS for the current year.

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.