The Pennant Group, Inc. $PNTG Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,049,968 shares of the company’s stock after purchasing an additional 82,071 shares during the period. Vanguard Group Inc. owned 0.06% of The Pennant Group worth $57,707,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PNTG. WCM Investment Management LLC acquired a new stake in shares of The Pennant Group during the 3rd quarter worth about $16,100,000. Ameriprise Financial Inc. acquired a new stake in shares of The Pennant Group during the 2nd quarter worth about $14,356,000. Algert Global LLC boosted its stake in shares of The Pennant Group by 392.5% during the 3rd quarter. Algert Global LLC now owns 421,702 shares of the company’s stock worth $10,635,000 after purchasing an additional 336,072 shares during the last quarter. Van Berkom & Associates Inc. boosted its stake in shares of The Pennant Group by 10.1% during the 3rd quarter. Van Berkom & Associates Inc. now owns 3,112,812 shares of the company’s stock worth $78,505,000 after purchasing an additional 284,856 shares during the last quarter. Finally, Provident Investment Management Inc. acquired a new stake in shares of The Pennant Group during the 3rd quarter worth about $6,685,000. 85.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PNTG has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of The Pennant Group from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Wall Street Zen raised shares of The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank Of Canada raised their target price on shares of The Pennant Group from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Weiss Ratings cut shares of The Pennant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Finally, Truist Financial raised their target price 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. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.00.

The Pennant Group Price Performance

PNTG opened at $35.55 on Friday. The company’s 50 day simple moving average is $31.92 and its 200 day simple moving average is $29.88. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.19 and a current ratio of 1.19. The Pennant Group, Inc. has a 1 year low of $21.73 and a 1 year high of $37.54. The stock has a market capitalization of $1.24 billion, a PE ratio of 41.82, a P/E/G ratio of 2.52 and a beta of 1.28.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $285.36 million for the quarter, compared to analysts’ expectations of $280.75 million. The Pennant Group had a net margin of 2.96% and a return on equity of 10.07%. As a group, sell-side analysts expect that The Pennant Group, Inc. will post 1.13 EPS for the current year.

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.