Semanteon Capital Management LP Invests $223,000 in The Pennant Group, Inc. (NASDAQ:PNTG)

Semanteon Capital Management LP bought a new stake in shares of The Pennant Group, Inc. (NASDAQ:PNTG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,993 shares of the company’s stock, valued at approximately $223,000. Semanteon Capital Management LP owned about 0.05% of The Pennant Group as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of The Pennant Group by 0.8% during the third quarter. Vanguard Group Inc. now owns 1,693,196 shares of the company’s stock valued at $18,845,000 after purchasing an additional 14,138 shares during the last quarter. Paradigm Capital Management Inc. NY lifted its stake in The Pennant Group by 79.1% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,196,500 shares of the company’s stock worth $13,317,000 after acquiring an additional 528,612 shares in the last quarter. Kent Lake Capital LLC lifted its stake in The Pennant Group by 34.6% in the 3rd quarter. Kent Lake Capital LLC now owns 583,631 shares of the company’s stock worth $6,496,000 after acquiring an additional 150,187 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in The Pennant Group by 16.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 397,900 shares of the company’s stock worth $4,429,000 after acquiring an additional 56,893 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its stake in The Pennant Group by 0.5% in the 3rd quarter. Rice Hall James & Associates LLC now owns 252,958 shares of the company’s stock worth $2,815,000 after acquiring an additional 1,295 shares in the last quarter. 85.88% of the stock is owned by hedge funds and other institutional investors.

The Pennant Group Stock Up 2.3 %

PNTG opened at $20.78 on Friday. The Pennant Group, Inc. has a fifty-two week low of $10.31 and a fifty-two week high of $21.45. The business has a 50-day moving average of $19.24 and a 200-day moving average of $15.61. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $623.61 million, a PE ratio of 47.23, a price-to-earnings-growth ratio of 2.14 and a beta of 2.06.

The Pennant Group (NASDAQ:PNTG) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The Pennant Group had a return on equity of 12.78% and a net margin of 2.46%. The firm had revenue of $145.95 million for the quarter, compared to analysts’ expectations of $136.79 million. During the same period last year, the business earned $0.15 earnings per share. Equities research analysts forecast that The Pennant Group, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

PNTG has been the subject of several research analyst reports. Stephens raised The Pennant Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $14.00 to $18.00 in a research note on Friday, January 5th. Truist Financial increased their price objective on The Pennant Group from $16.00 to $21.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. Finally, Oppenheimer increased their price objective on The Pennant Group from $18.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st.

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.