The Pennant Group (NASDAQ:PNTG) Rating Lowered to “Hold” at Zacks Research

The Pennant Group (NASDAQ:PNTG) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other analysts have also recently issued reports on PNTG. Wells Fargo & Company upped their price target on shares of The Pennant Group from $31.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. William Blair assumed coverage on The Pennant Group in a report on Monday, December 8th. They issued an “outperform” rating for the company. Wall Street Zen upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Stephens restated an “overweight” rating and set a $40.00 target price on shares of The Pennant Group in a report on Thursday, October 9th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of The Pennant Group in a report on Friday, December 19th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, The Pennant Group has a consensus rating of “Moderate Buy” and a consensus target price of $36.20.

The Pennant Group Price Performance

The Pennant Group stock traded down $0.30 during mid-day trading on Monday, reaching $28.45. The company had a trading volume of 40,822 shares, compared to its average volume of 182,504. The Pennant Group has a 1 year low of $21.18 and a 1 year high of $30.46. The company has a market capitalization of $984.09 million, a P/E ratio of 37.91, a P/E/G ratio of 1.96 and a beta of 1.28. The stock’s 50-day simple moving average is $27.92 and its 200-day simple moving average is $25.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.04 and a quick ratio of 1.04.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $229.04 million during 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. On average, equities analysts predict that The Pennant Group will post 0.75 EPS for the current year.

Institutional Trading of The Pennant Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC boosted its position in shares of The Pennant Group by 3.9% in the 4th 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 last quarter. JPMorgan Chase & Co. lifted its holdings in shares of The Pennant Group by 288.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 130,721 shares of the company’s stock valued at $3,297,000 after purchasing an additional 97,061 shares in the last quarter. Tudor Investment Corp ET AL grew its position in shares of The Pennant Group by 317.4% in the 3rd quarter. Tudor Investment Corp ET AL now owns 207,220 shares of the company’s stock valued at $5,226,000 after purchasing an additional 157,574 shares during the period. CIBC Private Wealth Group LLC increased its stake in The Pennant Group by 651.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock worth $86,000 after purchasing an additional 2,946 shares in the last quarter. Finally, Provident Investment Management Inc. bought a new stake in The Pennant Group during the 3rd quarter worth approximately $6,685,000. 85.88% of the stock is currently 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.