Ardent Health Partners (NYSE:ARDT) Shares Gap Down – Here’s What Happened

Ardent Health Partners, LLC (NYSE:ARDT)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $13.75, but opened at $13.36. Ardent Health Partners shares last traded at $12.76, with a volume of 178,293 shares.

Analyst Ratings Changes

Several research firms have weighed in on ARDT. Stephens reiterated an “overweight” rating and set a $22.00 price objective on shares of Ardent Health Partners in a research report on Tuesday. Morgan Stanley dropped their price target on shares of Ardent Health Partners from $23.50 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. JPMorgan Chase & Co. restated a “neutral” rating and set a $20.00 price objective on shares of Ardent Health Partners in a research note on Tuesday, December 17th. Truist Financial cut their target price on Ardent Health Partners from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Royal Bank of Canada decreased their price target on Ardent Health Partners from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $21.18.

Ardent Health Partners Stock Down 1.0 %

The firm has a 50-day simple moving average of $14.34 and a 200 day simple moving average of $16.13. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.91 and a quick ratio of 1.78.

Ardent Health Partners (NYSE:ARDT) last posted its earnings results 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. On average, research analysts anticipate that Ardent Health Partners, LLC will post 1.23 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ARDT. Charles Schwab Investment Management Inc. bought a new stake in shares of Ardent Health Partners during the 3rd quarter valued at about $526,000. BNP Paribas Financial Markets bought a new position in Ardent Health Partners during the third quarter worth $42,000. MetLife Investment Management LLC acquired a new stake in Ardent Health Partners in the third quarter worth $135,000. Centiva Capital LP bought a new stake in Ardent Health Partners in the third quarter valued at $469,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Ardent Health Partners during the third quarter valued at about $27,428,000.

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.