Tudor Investment Corp ET AL Purchases 157,574 Shares of The Pennant Group, Inc. $PNTG

Tudor Investment Corp ET AL grew its holdings in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 317.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 207,220 shares of the company’s stock after buying an additional 157,574 shares during the period. Tudor Investment Corp ET AL’s holdings in The Pennant Group were worth $5,226,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP purchased a new position in The Pennant Group during the 3rd quarter valued at $37,000. State of Alaska Department of Revenue purchased a new stake in The Pennant Group in the third quarter worth $54,000. CIBC Private Wealth Group LLC lifted its position in shares of The Pennant Group by 651.8% during the third 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 during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of The Pennant Group by 161.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,987 shares of the company’s stock worth $119,000 after purchasing an additional 2,463 shares during the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of The Pennant Group during the third quarter valued at $137,000. 85.88% of the stock is currently owned by hedge funds and other institutional investors.

The Pennant Group Stock Down 1.1%

NASDAQ:PNTG opened at $31.02 on Wednesday. The company’s 50-day simple moving average is $31.34 and its 200-day simple moving average is $28.21. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14. The Pennant Group, Inc. has a fifty-two week low of $21.73 and a fifty-two week high of $35.00. The stock has a market capitalization of $1.08 billion, a P/E ratio of 37.37, a P/E/G ratio of 2.17 and a beta of 1.23.

The Pennant Group (NASDAQ:PNTG) last posted its earnings results on Wednesday, February 25th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $289.32 million during the quarter, compared to analysts’ expectations of $275.20 million. The Pennant Group had a net margin of 3.12% and a return on equity of 10.10%. The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. On average, equities analysts anticipate that The Pennant Group, Inc. will post 0.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PNTG shares. William Blair began coverage on shares of The Pennant Group in a research note on Monday, December 8th. They issued an “outperform” rating on the stock. Wall Street Zen upgraded The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Weiss Ratings upgraded The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. 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. Finally, Truist Financial raised shares of The Pennant Group from a “hold” rating to a “buy” rating and raised their target price for the company from $28.00 to $34.00 in a research report on Tuesday, December 2nd. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.60.

The Pennant Group 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.