Y Intercept Hong Kong Ltd Reduces Position in The Pennant Group, Inc. $PNTG

Y Intercept Hong Kong Ltd decreased its position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 46.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,630 shares of the company’s stock after selling 24,944 shares during the period. Y Intercept Hong Kong Ltd’s holdings in The Pennant Group were worth $873,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of The Pennant Group by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 2,049,968 shares of the company’s stock worth $57,707,000 after acquiring an additional 82,071 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of The Pennant Group by 143.2% in the 1st quarter. Wasatch Advisors LP now owns 1,418,687 shares of the company’s stock valued at $43,242,000 after acquiring an additional 835,227 shares during the period. Ophir Asset Management Pty Ltd raised its position in The Pennant Group by 24.1% in the 4th quarter. Ophir Asset Management Pty Ltd now owns 1,326,850 shares of the company’s stock valued at $37,351,000 after purchasing an additional 257,840 shares during the last quarter. Geode Capital Management LLC raised its position in The Pennant Group by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 820,048 shares of the company’s stock valued at $23,089,000 after purchasing an additional 3,875 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in The Pennant Group by 71.1% during the 4th quarter. Wellington Management Group LLP now owns 817,914 shares of the company’s stock worth $23,024,000 after purchasing an additional 339,870 shares during the period. Hedge funds and other institutional investors own 85.88% of the company’s stock.

The Pennant Group Stock Performance

NASDAQ:PNTG opened at $40.50 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.42. The Pennant Group, Inc. has a fifty-two week low of $21.73 and a fifty-two week high of $41.61. The stock has a market cap of $1.41 billion, a PE ratio of 47.65, a price-to-earnings-growth ratio of 2.72 and a beta of 1.25. The firm’s fifty day simple moving average is $34.73 and its 200-day simple moving average is $32.06.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The Pennant Group had a net margin of 2.96% and a return on equity of 10.07%. The business had revenue of $285.36 million during the quarter, compared to the consensus estimate of $280.75 million. Analysts expect that The Pennant Group, Inc. will post 1.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on PNTG shares. Truist Financial raised their price objective on shares of The Pennant Group from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Wall Street Zen upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Weiss Ratings raised The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Wells Fargo & Company raised their price target on The Pennant Group from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada boosted their price target on The Pennant Group from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

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.