Ardent Health Partners, LLC’s (NYSE:ARDT) Lock-Up Period To End Tomorrow

Ardent Health Partners’ (NYSE:ARDT) lock-up period will expire on Tuesday, January 14th. Ardent Health Partners had issued 12,000,000 shares in its initial public offering on July 18th. The total size of the offering was $192,000,000 based on an initial share price of $16.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ARDT shares. Leerink Partners increased 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. Stephens restated an “overweight” rating and set a $24.00 target price on shares of Ardent Health Partners in a report on Thursday, September 19th. JPMorgan Chase & Co. restated a “neutral” rating and set a $20.00 target price on shares of Ardent Health Partners in a report on Tuesday, December 17th. Truist Financial decreased their target price on Ardent Health Partners from $22.00 to $21.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $23.00 target price on shares of Ardent Health Partners in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $22.00.

Ardent Health Partners Price Performance

ARDT opened at $15.84 on Monday. 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 has a 12 month low of $14.57 and a 12 month high of $20.72. The stock has a fifty day moving average of $16.56.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ARDT. State Street Corp purchased a new stake in shares of Ardent Health Partners in the third quarter worth about $1,977,000. Jane Street Group LLC purchased a new stake in shares of Ardent Health Partners in the third quarter worth about $567,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Ardent Health Partners in the third quarter worth about $13,119,000. Goldentree Asset Management LP purchased a new stake in shares of Ardent Health Partners in the third quarter worth about $22,897,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Ardent Health Partners in the third quarter worth about $2,581,000.

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.