The Pennant Group (NASDAQ:PNTG) Stock Rating Lowered by Wall Street Zen

The Pennant Group (NASDAQ:PNTG) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other analysts have also recently commented on the stock. William Blair assumed coverage on shares of The Pennant Group in a report on Monday, December 8th. They set an “outperform” rating on the stock. 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. Weiss Ratings raised shares of The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Wells Fargo & Company boosted their price objective 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. Finally, Truist Financial raised shares of The Pennant Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $28.00 to $34.00 in a research note 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. Based on data from MarketBeat.com, The Pennant Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.60.

The Pennant Group Stock Performance

The Pennant Group stock opened at $29.84 on Friday. The Pennant Group has a fifty-two week low of $21.73 and a fifty-two week high of $35.00. The stock’s 50 day simple moving average is $31.41 and its two-hundred day simple moving average is $28.34. 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 stock has a market cap of $1.03 billion, a price-to-earnings ratio of 35.95, a PEG ratio of 2.07 and a beta of 1.23.

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

Institutional Trading of The Pennant Group

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in shares of The Pennant Group by 174.5% during the 1st quarter. Royal Bank of Canada now owns 27,290 shares of the company’s stock valued at $687,000 after buying an additional 17,347 shares during the period. AQR Capital Management LLC grew its holdings in shares of The Pennant Group by 32.6% in the first quarter. AQR Capital Management LLC now owns 10,255 shares of the company’s stock worth $258,000 after acquiring an additional 2,524 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in The Pennant Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company’s stock valued at $488,000 after acquiring an additional 857 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in The Pennant Group by 4.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 81,392 shares of the company’s stock valued at $2,047,000 after acquiring an additional 3,507 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in The Pennant Group in the first quarter valued at about $297,000. Institutional investors own 85.88% of the company’s stock.

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.