The Pennant Group (NASDAQ:PNTG) Earns Outperform Rating from Analysts at William Blair

William Blair began coverage on shares of The Pennant Group (NASDAQ:PNTG) in a research report sent to investors on Monday, Marketbeat reports. The firm issued an outperform rating on the stock.

Several other research firms have also recently weighed in on PNTG. Royal Bank Of Canada upped their price target on shares of The Pennant Group from $34.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, November 17th. Jefferies Financial Group assumed coverage on The Pennant Group in a research report on Friday, October 24th. They set a “buy” rating and a $30.00 target price for the company. Truist Financial raised The Pennant Group from a “hold” rating to a “buy” rating and raised their price target for the company from $28.00 to $34.00 in a report on Tuesday, December 2nd. Stephens reissued an “overweight” rating and set a $40.00 price objective on shares of The Pennant Group in a report on Thursday, October 9th. Finally, Wall Street Zen upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $34.80.

The Pennant Group Trading Up 0.6%

Shares of PNTG opened at $29.07 on Monday. The Pennant Group has a twelve month low of $21.18 and a twelve month high of $30.83. The stock has a market cap of $1.01 billion, a PE ratio of 38.76, a P/E/G ratio of 2.34 and a beta of 1.31. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.08. The business’s 50-day moving average price is $25.90 and its 200-day moving average price is $25.76.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $229.04 million during the quarter, compared to analyst estimates of $221.96 million. The Pennant Group had a net margin of 3.15% and a return on equity of 9.37%. The Pennant Group has set its FY 2025 guidance at 1.140-1.180 EPS. On average, equities analysts forecast that The Pennant Group will post 0.75 EPS for the current fiscal year.

Institutional Trading of The Pennant Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Van Berkom & Associates Inc. raised its stake in shares of The Pennant Group by 10.1% during the third quarter. Van Berkom & Associates Inc. now owns 3,112,812 shares of the company’s stock worth $78,505,000 after acquiring an additional 284,856 shares in the last quarter. 8 Knots Management LLC grew its holdings in shares of The Pennant Group by 23.9% during the 1st quarter. 8 Knots Management LLC now owns 3,014,023 shares of the company’s stock valued at $75,803,000 after purchasing an additional 581,313 shares during the last quarter. Ophir Asset Management Pty Ltd grew its holdings in shares of The Pennant Group by 403.9% during the 2nd quarter. Ophir Asset Management Pty Ltd now owns 1,048,759 shares of the company’s stock valued at $31,305,000 after purchasing an additional 840,642 shares during the last quarter. Paradigm Capital Management Inc. NY raised its position in The Pennant Group by 1.7% in the 1st quarter. Paradigm Capital Management Inc. NY now owns 955,000 shares of the company’s stock worth $24,018,000 after purchasing an additional 16,000 shares during the period. Finally, Geode Capital Management LLC lifted its stake in The Pennant Group by 4.6% in the second quarter. Geode Capital Management LLC now owns 832,481 shares of the company’s stock worth $24,853,000 after purchasing an additional 36,357 shares during the last quarter. Hedge funds and other institutional investors own 85.88% of the company’s stock.

About The Pennant Group

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.