The Pennant Group, Inc. (NASDAQ:PNTG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of The Pennant Group, Inc. (NASDAQ:PNTG) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $39.00.

A number of analysts recently issued reports on PNTG shares. Wells Fargo & Company lifted their target price on The Pennant Group from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Truist Financial lifted their target price on The Pennant Group from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Weiss Ratings cut The Pennant Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Wall Street Zen upgraded The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Royal Bank Of Canada lifted their price target on The Pennant Group from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 8th.

Hedge Funds Weigh In On The Pennant Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in The Pennant Group during the first quarter worth about $1,445,000. Arrowstreet Capital Limited Partnership grew its holdings in The Pennant Group by 34.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 28,124 shares of the company’s stock worth $857,000 after purchasing an additional 7,204 shares during the period. Sei Investments Co. grew its holdings in The Pennant Group by 33.7% during the first quarter. Sei Investments Co. now owns 153,546 shares of the company’s stock worth $4,680,000 after purchasing an additional 38,735 shares during the period. Dimensional Fund Advisors LP grew its holdings in The Pennant Group by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 815,660 shares of the company’s stock worth $24,861,000 after purchasing an additional 11,943 shares during the period. Finally, Parallel Advisors LLC grew its holdings in The Pennant Group by 1,186.8% during the first 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. Institutional investors own 85.88% of the company’s stock.

The Pennant Group Stock Performance

PNTG opened at $35.55 on Monday. The business’s 50-day moving average price is $31.92 and its two-hundred day moving average price is $29.88. The Pennant Group has a 1 year low of $21.73 and a 1 year high of $37.54. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 41.82, a P/E/G ratio of 2.52 and a beta of 1.28. 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 released its quarterly 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 firm had revenue of $285.36 million for the quarter, compared to the consensus estimate of $280.75 million. The Pennant Group had a return on equity of 10.07% and a net margin of 2.96%. Equities analysts expect that The Pennant Group will post 1.13 EPS for the current fiscal 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.