The Pennant Group (NASDAQ:PNTG) Trading Down 11% – Should You Sell?

The Pennant Group, Inc. (NASDAQ:PNTG) fell 11% on Tuesday . The stock traded as low as $28.71 and last traded at $27.1760. 241,528 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 268,156 shares. The stock had previously closed at $30.54.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PNTG. Royal Bank Of Canada restated an “outperform” rating on shares of The Pennant Group in a report on Friday, December 19th. Zacks Research lowered shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Stephens reaffirmed an “overweight” rating and issued a $40.00 price target on shares of The Pennant Group in a research note on Thursday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of The Pennant Group in a report on Monday, December 29th. Finally, Wells Fargo & Company boosted their price objective on shares of The Pennant Group from $31.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, The Pennant Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.20.

The Pennant Group Stock Down 9.6%

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.08. The firm has a market cap of $955.03 million, a PE ratio of 36.81, a P/E/G ratio of 2.12 and a beta of 1.28. The business’s 50-day simple moving average is $28.80 and its 200 day simple moving average is $26.03.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $229.04 million for the quarter, compared to the consensus estimate 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. As a group, equities research analysts expect that The Pennant Group, Inc. will post 0.75 earnings per share for the current year.

Institutional Trading of The Pennant Group

A number of institutional investors have recently modified their holdings of the company. Quarry LP purchased a new stake in The Pennant Group during the third quarter valued at approximately $37,000. State of Alaska Department of Revenue acquired a new position in shares of The Pennant Group during the third quarter worth $54,000. CIBC Private Wealth Group LLC raised its stake in The Pennant Group by 651.8% in the third quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock valued at $86,000 after buying an additional 2,946 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in The Pennant Group by 161.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,987 shares of the company’s stock valued at $119,000 after buying an additional 2,463 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in The Pennant Group in the third quarter worth about $137,000. 85.88% of the stock is currently owned by institutional investors.

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.