The Pennant Group, Inc. (NASDAQ:PNTG) Receives Average Rating of “Moderate Buy” from Analysts

The Pennant Group, Inc. (NASDAQ:PNTG) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $39.00.

Several analysts have weighed in on the company. Wall Street Zen downgraded The Pennant Group from a “buy” rating to a “hold” rating in a research note on Saturday. 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 note on Friday, May 8th. Truist Financial boosted their price target on The Pennant Group from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Wells Fargo & Company boosted their price target on The Pennant Group from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd.

The Pennant Group Trading Up 4.4%

Shares of NASDAQ:PNTG opened at $32.77 on Friday. The business’s 50-day moving average is $32.13 and its 200 day moving average is $30.87. The Pennant Group has a 1 year low of $21.73 and a 1 year high of $37.54. The firm has a market capitalization of $1.14 billion, a P/E ratio of 38.55, a P/E/G ratio of 2.11 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.19 and a quick ratio of 1.19.

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

Institutional Trading of The Pennant Group

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in The Pennant Group by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 2,049,968 shares of the company’s stock valued at $57,707,000 after purchasing an additional 82,071 shares during the last quarter. Turtle Creek Asset Management Inc. lifted its holdings in shares of The Pennant Group by 12,075.6% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,582,823 shares of the company’s stock valued at $48,244,000 after buying an additional 1,569,823 shares during the period. Wasatch Advisors LP lifted 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 buying an additional 835,227 shares during the period. Ophir Asset Management Pty Ltd lifted its holdings in shares of 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 buying an additional 257,840 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 3,875 shares during the period. Hedge funds and other institutional investors own 85.88% of the company’s stock.

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.