Gallagher Capital Advisors LLC Acquires Shares of 70,826 The Pennant Group, Inc. $PNTG

Gallagher Capital Advisors LLC bought a new position in The Pennant Group, Inc. (NASDAQ:PNTG) in the third quarter, HoldingsChannel reports. The fund bought 70,826 shares of the company’s stock, valued at approximately $1,786,000. The Pennant Group makes up approximately 1.1% of Gallagher Capital Advisors LLC’s portfolio, making the stock its 27th biggest position.

A number of other institutional investors also recently modified their holdings of PNTG. Van Berkom & Associates Inc. increased its stake in shares of The Pennant Group by 10.1% in the third quarter. Van Berkom & Associates Inc. now owns 3,112,812 shares of the company’s stock worth $78,505,000 after acquiring an additional 284,856 shares during the last quarter. Ophir Asset Management Pty Ltd increased its position in The Pennant Group by 403.9% in the 2nd quarter. Ophir Asset Management Pty Ltd now owns 1,048,759 shares of the company’s stock worth $31,305,000 after purchasing an additional 840,642 shares during the last quarter. Geode Capital Management LLC increased its position in The Pennant Group by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 832,481 shares of the company’s stock worth $24,853,000 after purchasing an additional 36,357 shares during the last quarter. WCM Investment Management LLC purchased a new stake in shares of The Pennant Group during the 3rd quarter worth about $16,100,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of The Pennant Group during the 2nd quarter valued at about $14,356,000. Institutional investors and hedge funds own 85.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on PNTG shares. Truist Financial upgraded The Pennant Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $28.00 to $34.00 in a report on Tuesday, December 2nd. Jefferies Financial Group started coverage on shares of The Pennant Group in a research report on Friday, October 24th. They issued a “buy” rating and a $30.00 target price for the company. Wall Street Zen lowered shares of The Pennant Group from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Wells Fargo & Company lifted 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 note on Wednesday, January 7th. Finally, Zacks Research downgraded shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.20.

The Pennant Group Price Performance

NASDAQ PNTG opened at $30.80 on Tuesday. The Pennant Group, Inc. has a 1 year low of $21.18 and a 1 year high of $31.94. The company has a fifty day simple moving average of $29.11 and a 200 day simple moving average of $26.38. 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 company has a market cap of $1.07 billion, a P/E ratio of 41.07, a P/E/G ratio of 2.11 and a beta of 1.27.

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.