Analysts Set The Pennant Group, Inc. (NASDAQ:PNTG) PT at $34.40

The Pennant Group, Inc. (NASDAQ:PNTGGet Free Report) has been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $34.40.

A number of equities analysts have recently commented on PNTG shares. Wells Fargo & Company reduced their target price on shares of The Pennant Group from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Pennant Group in a research report on Saturday, September 27th. Stephens reaffirmed an “overweight” rating and set a $40.00 target price on shares of The Pennant Group in a research report on Thursday, September 4th. Wall Street Zen lowered shares of The Pennant Group from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Truist Financial reduced their target price on shares of The Pennant Group from $32.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 16th.

Check Out Our Latest Stock Report on The Pennant Group

The Pennant Group Stock Performance

Shares of NASDAQ:PNTG opened at $25.86 on Friday. The firm has a market cap of $893.72 million, a PE ratio of 33.15, a price-to-earnings-growth ratio of 2.13 and a beta of 1.35. The firm’s 50 day simple moving average is $24.52 and its 200-day simple moving average is $25.88. The Pennant Group has a one year low of $21.18 and a one year high of $36.20. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 1.21.

Hedge Funds Weigh In On The Pennant Group

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its holdings in The Pennant Group by 56.9% during the first quarter. SG Americas Securities LLC now owns 23,413 shares of the company’s stock valued at $589,000 after buying an additional 8,490 shares during the period. GAMMA Investing LLC increased its holdings in The Pennant Group by 7,124.5% during the first quarter. GAMMA Investing LLC now owns 7,947 shares of the company’s stock valued at $200,000 after buying an additional 7,837 shares during the period. Cubist Systematic Strategies LLC increased its holdings in The Pennant Group by 205.9% during the first quarter. Cubist Systematic Strategies LLC now owns 97,527 shares of the company’s stock valued at $2,453,000 after buying an additional 65,640 shares during the period. Rhumbline Advisers increased its holdings in The Pennant Group by 8.6% during the first quarter. Rhumbline Advisers now owns 47,423 shares of the company’s stock valued at $1,193,000 after buying an additional 3,750 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in The Pennant Group by 22.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,885 shares of the company’s stock valued at $2,066,000 after buying an additional 14,020 shares during the period. 85.88% of the stock is owned by hedge funds and other institutional investors.

The Pennant Group Company Profile

(Get Free Report)

The Pennant Group, Inc provides healthcare services in the United States. It operates in two segments, Home Health and Hospice Services, and Senior Living Services. The company offers home health services, including clinical services, such as nursing, speech, occupational and physical therapy, medical social work, and home health aide services; and hospice services comprising clinical care, education, and counseling services for the physical, spiritual, and psychosocial needs of terminally ill patients and their families.

Featured Stories

Analyst Recommendations for The Pennant Group (NASDAQ:PNTG)

Receive News & Ratings for The Pennant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Pennant Group and related companies with MarketBeat.com's FREE daily email newsletter.