Ardent Health Partners (NYSE:ARDT) Sets New 52-Week High – Here’s What Happened

Shares of Ardent Health Partners, LLC (NYSE:ARDT) hit a new 52-week high on Wednesday . The company traded as high as $20.36 and last traded at $20.36, with a volume of 41456 shares. The stock had previously closed at $19.35.

Analyst Upgrades and Downgrades

ARDT has been the topic of a number of research analyst reports. Mizuho started coverage on Ardent Health Partners in a report on Monday, August 12th. They set an “outperform” rating and a $20.00 price target on the stock. Royal Bank of Canada initiated coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They issued an “outperform” rating and a $23.00 price target for the company. Truist Financial began coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They set a “buy” rating and a $21.00 price objective on the stock. Citigroup began coverage on 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, KeyCorp began coverage on Ardent Health Partners in a research note on Friday, October 11th. They set an “overweight” rating and a $24.00 price target on the stock. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $21.91.

Ardent Health Partners Price Performance

The company has a debt-to-equity ratio of 0.93, a current ratio of 1.65 and a quick ratio of 1.54. The stock’s 50-day simple moving average is $18.21.

Ardent Health Partners (NYSE:ARDT) last announced 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 firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. As a group, equities analysts anticipate that Ardent Health Partners, LLC will post 1.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ardent Health Partners

A hedge fund recently bought a new stake in Ardent Health Partners stock. Seven Grand Managers LLC acquired a new position in Ardent Health Partners, LLC (NYSE:ARDT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 125,000 shares of the company’s stock, valued at approximately $2,298,000. Seven Grand Managers LLC owned about 0.09% of Ardent Health Partners at the end of the most recent quarter.

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.