Wall Street Zen Downgrades The Pennant Group (NASDAQ:PNTG) to Hold

The Pennant Group (NASDAQ:PNTG) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other research firms also recently commented on PNTG. Zacks Research downgraded The Pennant Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Royal Bank Of Canada raised their target price on The Pennant Group from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. William Blair assumed coverage on The Pennant Group in a research note on Monday, December 8th. They issued an “outperform” rating for the company. Weiss Ratings upgraded shares of The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Finally, Truist Financial raised shares of The Pennant Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $28.00 to $34.00 in a research note on Tuesday, December 2nd. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.60.

The Pennant Group Price Performance

Shares of PNTG stock opened at $29.84 on Friday. The firm’s 50 day moving average price is $31.41 and its two-hundred day moving average price is $28.29. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14. The Pennant Group has a 52-week low of $21.73 and a 52-week high of $35.00. The stock has a market cap of $1.03 billion, a PE ratio of 35.95, a PEG ratio of 2.12 and a beta of 1.23.

The Pennant Group (NASDAQ:PNTG) last issued its earnings results on Wednesday, February 25th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The Pennant Group had a net margin of 3.12% and a return on equity of 10.10%. The company had revenue of $289.32 million during the quarter, compared to analysts’ expectations of $275.20 million. The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. As a group, analysts forecast that The Pennant Group will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its position in shares of The Pennant Group by 3.9% during the fourth quarter. SG Americas Securities LLC now owns 15,926 shares of the company’s stock worth $448,000 after purchasing an additional 600 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of The Pennant Group by 154.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock valued at $33,000 after purchasing an additional 717 shares during the period. Quantum Portfolio Management LLC increased its stake in The Pennant Group by 4.7% during the 2nd quarter. Quantum Portfolio Management LLC now owns 16,049 shares of the company’s stock worth $479,000 after purchasing an additional 721 shares in the last quarter. Intech Investment Management LLC raised its holdings in The Pennant Group by 4.8% during the 2nd quarter. Intech Investment Management LLC now owns 17,800 shares of the company’s stock worth $531,000 after buying an additional 822 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in The Pennant Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company’s stock worth $488,000 after buying an additional 857 shares during the period. 85.88% of the stock is owned by institutional investors and hedge funds.

About The Pennant Group

The Pennant Group (NASDAQ: PNTG) is a publicly traded holding company that provides specialized services to the asset management industry. Through its operating subsidiaries, the company delivers outsourced fund administration, securities lending, prime brokerage, and capital markets solutions designed to support hedge funds, private equity firms, mutual funds and other institutional investors. By leveraging a combination of technology platforms and industry expertise, The Pennant Group helps clients streamline middle- and back-office processes, enhance operational efficiency and manage regulatory requirements.

Key service offerings include fund accounting and reporting, trade settlement and reconciliation, risk monitoring, securities lending programs and execution support across a range of asset classes.