The Pennant Group (NASDAQ:PNTG) Earns Overweight Rating from Stephens

The Pennant Group (NASDAQ:PNTG)‘s stock had its “overweight” rating reissued by analysts at Stephens in a note issued to investors on Tuesday,Benzinga reports. They presently have a $35.00 price target on the stock. Stephens’ target price indicates a potential upside of 26.58% from the company’s previous close.

Several other equities research analysts have also recently weighed in on PNTG. Truist Financial boosted their price target on shares of The Pennant Group from $28.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, May 12th. Wells Fargo & Company boosted their price target on shares of The Pennant Group from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.60.

The Pennant Group Trading Down 2.5%

Shares of PNTG opened at $27.65 on Tuesday. The company’s fifty day moving average is $27.21 and its 200 day moving average is $26.82. The Pennant Group has a fifty-two week low of $21.18 and a fifty-two week high of $37.13. The stock has a market capitalization of $953.07 million, a PE ratio of 40.66, a P/E/G ratio of 2.24 and a beta of 1.51. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.12 and a current ratio of 1.12.

Insiders Place Their Bets

In other The Pennant Group news, Director Joanne Stringfield sold 5,000 shares of The Pennant Group stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $29.47, for a total transaction of $147,350.00. Following the completion of the transaction, the director now directly owns 30,275 shares of the company’s stock, valued at $892,204.25. The trade was a 14.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PNTG. NBC Securities Inc. purchased a new position in The Pennant Group during the first quarter worth $25,000. Turtle Creek Asset Management Inc. boosted its stake in The Pennant Group by 150.0% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,500 shares of the company’s stock worth $66,000 after buying an additional 1,500 shares during the period. Quarry LP boosted its stake in The Pennant Group by 166.8% during the fourth quarter. Quarry LP now owns 2,705 shares of the company’s stock worth $72,000 after buying an additional 1,691 shares during the period. Summit Investment Advisors Inc. boosted its stake in The Pennant Group by 20.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,414 shares of the company’s stock worth $91,000 after buying an additional 575 shares during the period. Finally, Public Employees Retirement Association of Colorado purchased a new position in The Pennant Group during the fourth quarter worth $122,000. 85.88% of the stock is owned by hedge funds and other institutional investors.

The Pennant Group Company Profile

The Pennant Group, Inc provides healthcare services in the United States. It operates in two segments, Home Health and Hospice Services, and Senior Living Services. The company offers home health services, including clinical services, such as nursing, speech, occupational and physical therapy, medical social work, and home health aide services; and hospice services comprising clinical care, education, and counseling services for the physical, spiritual, and psychosocial needs of terminally ill patients and their families.