The Pennant Group, Inc. (NASDAQ:PNTG) Given Average Rating of “Moderate Buy” by Analysts

Shares of The Pennant Group, Inc. (NASDAQ:PNTG) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $41.00.

PNTG has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their price target on The Pennant Group from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Wall Street Zen upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Wells Fargo & Company upped their price objective on shares of The Pennant Group from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Truist Financial raised their target price on shares of The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings lowered shares of The Pennant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday.

Institutional Trading of The Pennant Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Turtle Creek Asset Management Inc. grew its position in The Pennant Group by 12,075.6% in the first quarter. Turtle Creek Asset Management Inc. now owns 1,582,823 shares of the company’s stock worth $48,244,000 after acquiring an additional 1,569,823 shares in the last quarter. Wasatch Advisors LP increased its stake in The Pennant Group by 143.2% in the first quarter. Wasatch Advisors LP now owns 1,418,687 shares of the company’s stock valued at $43,242,000 after acquiring an additional 835,227 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in The Pennant Group during the second quarter valued at about $14,356,000. Provident Investment Management Inc. raised its position in The Pennant Group by 161.0% during the fourth quarter. Provident Investment Management Inc. now owns 691,862 shares of the company’s stock valued at $19,476,000 after purchasing an additional 426,797 shares in the last quarter. Finally, Loomis Sayles & Co. L P bought a new stake in The Pennant Group during the fourth quarter worth about $11,023,000. Hedge funds and other institutional investors own 85.88% of the company’s stock.

The Pennant Group Stock Up 3.4%

PNTG opened at $41.16 on Friday. The firm has a market capitalization of $1.43 billion, a P/E ratio of 48.42, a price-to-earnings-growth ratio of 2.67 and a beta of 1.25. The Pennant Group has a one year low of $21.73 and a one year high of $42.55. The company has a fifty day moving average price of $35.98 and a 200-day moving average price of $32.87. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.19 and a quick ratio of 1.19.

The Pennant Group (NASDAQ:PNTG) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The Pennant Group had a return on equity of 10.07% and a net margin of 2.96%.The company had revenue of $285.36 million during the quarter, compared to analyst estimates of $280.75 million. Equities research analysts expect that The Pennant Group will post 1.14 earnings per share for the current fiscal year.

The Pennant Group Company Profile

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.