1,402,800 Shares in The Pennant Group, Inc. $PNTG Bought by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY acquired a new position in The Pennant Group, Inc. (NASDAQ:PNTG) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 1,402,800 shares of the company’s stock, valued at approximately $51,833,000. The Pennant Group accounts for about 1.4% of Paradigm Capital Management Inc. NY’s portfolio, making the stock its 17th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its stake in The Pennant Group by 154.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock valued at $33,000 after purchasing an additional 717 shares during the period. Parallel Advisors LLC raised its stake in shares of The Pennant Group by 1,186.8% during the 1st quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock worth $42,000 after purchasing an additional 1,258 shares during the period. Quarry LP bought a new stake in shares of The Pennant Group during the 3rd quarter worth $37,000. GAMMA Investing LLC boosted its holdings in shares of The Pennant Group by 34.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock worth $58,000 after buying an additional 403 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in The Pennant Group by 608.7% during the fourth quarter. Quadrant Capital Group LLC now owns 3,182 shares of the company’s stock valued at $90,000 after buying an additional 2,733 shares during the period. Institutional investors own 85.88% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PNTG. Wells Fargo & Company raised their price objective on shares of The Pennant Group from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. 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. Truist Financial increased their target price on shares of The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded shares of The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Finally, Royal Bank Of Canada boosted their target price on The Pennant Group from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Seven investment 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 company currently 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 $38.89 on Tuesday. The firm’s 50 day simple moving average is $38.69 and its 200 day simple moving average is $34.47. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.36 billion, a PE ratio of 43.21, a price-to-earnings-growth ratio of 2.53 and a beta of 1.26. The Pennant Group, Inc. has a 1-year low of $22.25 and a 1-year high of $42.69.

The Pennant Group (NASDAQ:PNTG) last posted its earnings results 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 Pennant Group had a net margin of 2.93% and a return on equity of 10.33%. The business had revenue of $297.98 million for the quarter, compared to analysts’ expectations of $288.71 million. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. As a group, analysts expect that The Pennant Group, Inc. will post 1.18 earnings per share for the current fiscal 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.