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

BNP Paribas Financial Markets acquired a new position in Ardent Health Partners, LLC (NYSE:ARDT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,301 shares of the company’s stock, valued at approximately $42,000.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. purchased a new position in shares of Ardent Health Partners during the 3rd quarter worth $526,000. Financial Management Professionals Inc. purchased a new stake in shares of Ardent Health Partners in the 3rd quarter worth $50,000. Allspring Global Investments Holdings LLC bought a new position in Ardent Health Partners in the 3rd quarter worth $13,119,000. Finally, Seven Grand Managers LLC bought a new position in Ardent Health Partners in the 3rd quarter worth $2,298,000.

Wall Street Analyst Weigh In

Several research firms have issued reports on ARDT. Stephens reissued an “overweight” rating and set a $24.00 price target on shares of Ardent Health Partners in a report on Thursday, September 19th. Leerink Partners boosted their price objective on Ardent Health Partners from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Bank of America cut shares of Ardent Health Partners from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $22.00 to $19.00 in a research note on Wednesday, November 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $20.00 price target on shares of Ardent Health Partners in a research report on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $23.00 price objective on shares of Ardent Health Partners in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $22.00.

Ardent Health Partners Stock Performance

Shares of NYSE:ARDT opened at $16.05 on Friday. The stock’s fifty day moving average is $17.30. Ardent Health Partners, LLC has a fifty-two week low of $14.57 and a fifty-two week high of $20.72. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.91 and a quick ratio of 1.78.

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.