Jane Street Group LLC Cuts Holdings in Ardent Health Partners, LLC (NYSE:ARDT)

Jane Street Group LLC decreased its position in shares of Ardent Health Partners, LLC (NYSE:ARDT) by 44.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,150 shares of the company’s stock after selling 13,679 shares during the period. Jane Street Group LLC’s holdings in Ardent Health Partners were worth $293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ventas Inc. bought a new stake in Ardent Health Partners in the fourth quarter worth about $159,570,000. Franklin Resources Inc. lifted its stake in Ardent Health Partners by 9.4% in the fourth quarter. Franklin Resources Inc. now owns 917,926 shares of the company’s stock worth $15,678,000 after purchasing an additional 78,575 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Ardent Health Partners by 9.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 779,601 shares of the company’s stock worth $13,136,000 after purchasing an additional 65,833 shares during the last quarter. Pier Capital LLC lifted its stake in Ardent Health Partners by 70.1% in the fourth quarter. Pier Capital LLC now owns 373,904 shares of the company’s stock worth $6,386,000 after purchasing an additional 154,077 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its stake in Ardent Health Partners by 30.8% in the fourth quarter. Peregrine Capital Management LLC now owns 341,235 shares of the company’s stock worth $5,828,000 after purchasing an additional 80,369 shares during the last quarter.

Ardent Health Partners Trading Up 1.2%

ARDT opened at $14.59 on Wednesday. The firm has a market cap of $2.09 billion and a price-to-earnings ratio of 8.95. The company has a current ratio of 1.91, a quick ratio of 1.78 and a debt-to-equity ratio of 0.78. Ardent Health Partners, LLC has a 12 month low of $11.31 and a 12 month high of $20.72. The stock has a fifty day moving average price of $13.41 and a 200-day moving average price of $14.63.

Ardent Health Partners (NYSE:ARDT) last announced its earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.08. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.50 billion. As a group, equities research analysts anticipate that Ardent Health Partners, LLC will post 1.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ARDT has been the subject of several analyst reports. Mizuho decreased their price objective on shares of Ardent Health Partners from $19.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Stephens reaffirmed an “overweight” rating and set a $21.00 price target on shares of Ardent Health Partners in a research note on Tuesday, May 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $21.00 price target on shares of Ardent Health Partners in a research note on Thursday, May 15th. Finally, Guggenheim lifted their price target on shares of Ardent Health Partners from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $20.67.

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.