The Pennant Group, Inc. $PNTG Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 4.6% in the second quarter, HoldingsChannel reports. The fund owned 832,481 shares of the company’s stock after buying an additional 36,357 shares during the period. Geode Capital Management LLC’s holdings in The Pennant Group were worth $24,853,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versor Investments LP increased its holdings in shares of The Pennant Group by 6.2% during the first quarter. Versor Investments LP now owns 12,000 shares of the company’s stock valued at $302,000 after purchasing an additional 700 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in The Pennant Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company’s stock valued at $488,000 after buying an additional 857 shares in the last quarter. State of Wyoming grew its position in The Pennant Group by 41.3% in the 1st quarter. State of Wyoming now owns 6,170 shares of the company’s stock valued at $155,000 after buying an additional 1,803 shares in the last quarter. AQR Capital Management LLC increased its stake in The Pennant Group by 32.6% during the 1st quarter. AQR Capital Management LLC now owns 10,255 shares of the company’s stock valued at $258,000 after buying an additional 2,524 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of The Pennant Group by 4.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 81,392 shares of the company’s stock worth $2,047,000 after buying an additional 3,507 shares in the last quarter. Institutional investors own 85.88% of the company’s stock.

The Pennant Group Price Performance

Shares of NASDAQ:PNTG opened at $27.71 on Friday. The Pennant Group, Inc. has a one year low of $21.18 and a one year high of $32.00. The stock has a fifty day moving average of $25.26 and a 200-day moving average of $25.79. The company has a market capitalization of $958.32 million, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.27 and a beta of 1.39. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.04 and a current ratio of 1.04.

The Pennant Group (NASDAQ:PNTG) last issued its earnings results on Wednesday, November 5th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $229.04 million for the quarter, compared to analysts’ expectations of $221.96 million. The Pennant Group had a return on equity of 9.37% and a net margin of 3.15%. The Pennant Group has set its FY 2025 guidance at 1.140-1.180 EPS. As a group, equities analysts anticipate that The Pennant Group, Inc. will post 0.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PNTG. Jefferies Financial Group began coverage on shares of The Pennant Group in a report on Friday, October 24th. They issued a “buy” rating and a $30.00 price objective for the company. Stephens restated an “overweight” rating and issued a $40.00 target price on shares of The Pennant Group in a research report on Thursday, October 9th. Zacks Research upgraded The Pennant Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 20th. Royal Bank Of Canada boosted their price objective on The Pennant Group from $34.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, November 17th. Finally, Wells Fargo & Company raised The Pennant Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $29.00 to $31.00 in a research note on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, The Pennant Group currently has an average rating of “Moderate Buy” and a consensus price target of $33.60.

The Pennant Group 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.