Quantbot Technologies LP Boosts Stake in The Pennant Group, Inc. $PNTG

Quantbot Technologies LP lifted its holdings in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 104.1% during the third quarter, Holdings Channel reports. The fund owned 38,435 shares of the company’s stock after purchasing an additional 19,606 shares during the quarter. Quantbot Technologies LP’s holdings in The Pennant Group were worth $969,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Royal Bank of Canada boosted its holdings in The Pennant Group by 174.5% in the first quarter. Royal Bank of Canada now owns 27,290 shares of the company’s stock valued at $687,000 after purchasing an additional 17,347 shares during the last quarter. AQR Capital Management LLC raised its position in shares of The Pennant Group by 32.6% in the 1st quarter. AQR Capital Management LLC now owns 10,255 shares of the company’s stock valued at $258,000 after purchasing an additional 2,524 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of The Pennant Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company’s stock valued at $488,000 after buying an additional 857 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of The Pennant Group by 4.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 81,392 shares of the company’s stock valued at $2,047,000 after buying an additional 3,507 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of The Pennant Group during the first quarter worth approximately $297,000. Institutional investors and hedge funds own 85.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PNTG shares. Wall Street Zen upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Truist Financial upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating and upped their target price for the company from $28.00 to $34.00 in a research note on Tuesday, December 2nd. Wells Fargo & Company increased their price target on shares of The Pennant Group from $31.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. William Blair began coverage on The Pennant Group in a research note on Monday, December 8th. They issued an “outperform” rating for the company. Finally, Royal Bank Of Canada boosted their price objective on The Pennant Group from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, The Pennant Group has a consensus rating of “Moderate Buy” and an average price target of $36.60.

The Pennant Group Trading Up 1.1%

NASDAQ PNTG opened at $33.66 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.04 and a current ratio of 1.14. The Pennant Group, Inc. has a one year low of $21.73 and a one year high of $35.00. The company has a 50-day simple moving average of $30.30 and a 200-day simple moving average of $27.46. The firm has a market capitalization of $1.17 billion, a PE ratio of 40.55, a price-to-earnings-growth ratio of 2.31 and a beta of 1.23.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. The Pennant Group had a net margin of 3.12% and a return on equity of 10.10%. The firm had revenue of $289.32 million for the quarter, compared to analyst estimates of $275.20 million. The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. On average, equities analysts forecast that The Pennant Group, Inc. will post 0.75 earnings per share for the current year.

The Pennant Group 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.