The Pennant Group (NASDAQ:PNTG) Stock Rating Upgraded by Wall Street Zen

The Pennant Group (NASDAQ:PNTG) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other research analysts have also issued reports on the stock. Weiss Ratings lowered shares of The Pennant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Truist Financial increased their price target on The Pennant Group from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Wells Fargo & Company raised their price objective on The Pennant Group from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada upped their target price on The Pennant Group from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

The Pennant Group Price Performance

Shares of PNTG opened at $35.55 on Friday. The Pennant Group has a fifty-two week low of $21.73 and a fifty-two week high of $37.54. The firm has a market capitalization of $1.24 billion, a PE ratio of 41.82, a PEG ratio of 2.39 and a beta of 1.28. The company’s 50-day moving average is $31.92 and its 200-day moving average is $29.91. 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 issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $285.36 million during the quarter, compared to analysts’ expectations of $280.75 million. The Pennant Group had a return on equity of 10.07% and a net margin of 2.96%. Equities analysts forecast that The Pennant Group will post 1.14 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP grew its stake in shares of The Pennant Group by 143.2% during the first quarter. Wasatch Advisors LP now owns 1,418,687 shares of the company’s stock worth $43,242,000 after buying an additional 835,227 shares during the last quarter. WCM Investment Management LLC acquired a new stake in shares of The Pennant Group during the 3rd quarter valued at $16,100,000. Ameriprise Financial Inc. bought a new stake in The Pennant Group during the 2nd quarter worth $14,356,000. Provident Investment Management Inc. grew its position in The Pennant Group by 161.0% during the 4th quarter. Provident Investment Management Inc. now owns 691,862 shares of the company’s stock worth $19,476,000 after acquiring an additional 426,797 shares during the last quarter. Finally, Loomis Sayles & Co. L P bought a new position in The Pennant Group in the fourth quarter valued at about $11,023,000. Institutional investors and hedge funds 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.