Ardent Health Partners, LLC’s Lock-Up Period Will Expire on January 14th (NYSE:ARDT)

Ardent Health Partners’ (NYSE:ARDT) lock-up period will end on Tuesday, January 14th. Ardent Health Partners had issued 12,000,000 shares in its public offering on July 18th. The total size of the offering was $192,000,000 based on an initial share price of $16.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ARDT. Truist Financial reduced their target price on shares of Ardent Health Partners from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 price objective on shares of Ardent Health Partners in a research report on Thursday, November 14th. Leerink Partners lifted their target price 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. KeyCorp assumed 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. Finally, Stephens reiterated an “overweight” rating and issued a $24.00 price objective on shares of Ardent Health Partners in a research report on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $22.00.

Ardent Health Partners Stock Performance

Ardent Health Partners stock opened at $15.84 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.91 and a quick ratio of 1.78. The stock’s 50-day moving average is $16.60. Ardent Health Partners has a 1 year low of $14.57 and a 1 year high of $20.72.

Institutional Investors Weigh In On Ardent Health Partners

Several large investors have recently bought and sold shares of ARDT. BNP Paribas Financial Markets bought a new position in shares of Ardent Health Partners during the third quarter worth $42,000. Financial Management Professionals Inc. bought a new position in Ardent Health Partners during the third quarter worth about $50,000. MetLife Investment Management LLC acquired a new position in Ardent Health Partners in the third quarter valued at about $135,000. JPMorgan Chase & Co. bought a new stake in shares of Ardent Health Partners in the third quarter worth about $154,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Ardent Health Partners during the third quarter worth about $229,000.

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.