Allspring Global Investments Holdings LLC Makes New $13.12 Million Investment in Ardent Health Partners, LLC (NYSE:ARDT)

Allspring Global Investments Holdings LLC purchased a new position in shares of Ardent Health Partners, LLC (NYSE:ARDT) in the 3rd quarter, Holdings Channel reports. The firm purchased 713,768 shares of the company’s stock, valued at approximately $13,119,000.

Separately, Seven Grand Managers LLC acquired a new stake in shares of Ardent Health Partners in the third quarter valued at about $2,298,000.

Ardent Health Partners Stock Down 0.8 %

Ardent Health Partners stock opened at $17.76 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.54 and a current ratio of 1.65. Ardent Health Partners, LLC has a 12 month low of $15.00 and a 12 month high of $20.72. The company has a 50 day moving average price of $18.51.

Ardent Health Partners (NYSE:ARDT) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. Research analysts predict that Ardent Health Partners, LLC will post 1.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ARDT. Leerink Partnrs upgraded Ardent Health Partners to a “strong-buy” rating in a research note on Monday, August 12th. Bank of America assumed coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They issued a “buy” rating and a $22.00 target price for the company. Stephens reaffirmed an “overweight” rating and set a $24.00 price target on shares of Ardent Health Partners in a research report on Thursday, September 19th. JPMorgan Chase & Co. began coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They issued a “neutral” rating and a $18.00 price target for the company. Finally, Royal Bank of Canada assumed coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They set an “outperform” rating and a $23.00 price objective on the stock. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $21.91.

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.