252,658 Shares in The Pennant Group, Inc. $PNTG Purchased by Ranger Investment Management L.P.

Ranger Investment Management L.P. purchased a new stake in shares of The Pennant Group, Inc. (NASDAQ:PNTG) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 252,658 shares of the company’s stock, valued at approximately $9,336,000. Ranger Investment Management L.P. owned about 0.72% of The Pennant Group at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in The Pennant Group by 154.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock worth $33,000 after purchasing an additional 717 shares during the last quarter. Quarry LP bought a new position in shares of The Pennant Group during the third quarter valued at approximately $37,000. Parallel Advisors LLC grew its stake in shares of The Pennant Group by 1,186.8% during the first quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock valued at $42,000 after buying an additional 1,258 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of The Pennant Group by 34.6% during the second quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock valued at $58,000 after buying an additional 403 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of The Pennant Group by 651.8% in the third quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock worth $86,000 after buying an additional 2,946 shares during the period. 85.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PNTG has been the subject of a number of recent analyst reports. Wall Street Zen upgraded The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Royal Bank Of Canada upped their price objective on The Pennant Group from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday. Wells Fargo & Company increased their target price on The Pennant Group from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Truist Financial lifted their target price on The Pennant Group from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings raised shares of The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $41.60.

The Pennant Group Stock Performance

The Pennant Group stock opened at $38.88 on Monday. The company has a 50 day moving average price of $38.57 and a 200-day moving average price of $34.40. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.20 and a current ratio of 1.20. The Pennant Group, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $42.69. The company has a market capitalization of $1.36 billion, a PE ratio of 43.20, a P/E/G ratio of 2.53 and a beta of 1.26.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. The company had revenue of $297.98 million for the quarter, compared to analysts’ expectations of $288.71 million. The Pennant Group had a return on equity of 10.33% and a net margin of 2.93%.The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. As a group, equities analysts forecast that The Pennant Group, Inc. will post 1.18 earnings per share for the current year.

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.