Van Berkom & Associates Inc. Purchases 284,856 Shares of The Pennant Group, Inc. $PNTG

Van Berkom & Associates Inc. boosted its holdings in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 10.1% during the third quarter, Holdings Channel.com reports. The firm owned 3,112,812 shares of the company’s stock after acquiring an additional 284,856 shares during the period. The Pennant Group accounts for about 2.3% of Van Berkom & Associates Inc.’s portfolio, making the stock its 17th largest position. Van Berkom & Associates Inc. owned approximately 0.09% of The Pennant Group worth $78,505,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of PNTG. WCM Investment Management LLC bought a new stake in shares of The Pennant Group in the 3rd quarter worth about $16,100,000. Principal Financial Group Inc. lifted its holdings in shares of The Pennant Group by 68.3% in the 3rd quarter. Principal Financial Group Inc. now owns 23,624 shares of the company’s stock valued at $596,000 after acquiring an additional 9,583 shares during the last quarter. AlphaQuest LLC purchased a new position in The Pennant Group in the third quarter worth about $137,000. Belpointe Asset Management LLC increased its stake in The Pennant Group by 43.9% during the third quarter. Belpointe Asset Management LLC now owns 10,169 shares of the company’s stock worth $256,000 after acquiring an additional 3,104 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in The Pennant Group by 30.8% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 13,522 shares of the company’s stock worth $341,000 after acquiring an additional 3,181 shares during the last quarter. Institutional investors own 85.88% of the company’s stock.

Wall Street Analyst Weigh In

PNTG has been the subject of a number of recent research reports. Zacks Research cut The Pennant Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Stephens restated an “overweight” rating and issued a $40.00 price target on shares of The Pennant Group in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of The Pennant Group in a research note on Monday, December 29th. Wall Street Zen downgraded shares of The Pennant Group from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Wells Fargo & Company lifted their price target on shares of The Pennant Group from $31.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.20.

The Pennant Group Stock Performance

Shares of The Pennant Group stock opened at $29.22 on Wednesday. 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 stock’s fifty day moving average is $28.95 and its two-hundred day moving average is $26.18. The Pennant Group, Inc. has a 52 week low of $21.18 and a 52 week high of $31.94. The company has a market capitalization of $1.01 billion, a PE ratio of 38.96, a price-to-earnings-growth ratio of 1.96 and a beta of 1.27.

The Pennant Group (NASDAQ:PNTG) last issued its earnings results 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 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%. As a group, analysts expect that The Pennant Group, Inc. will post 0.75 earnings per share for the current year.

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.