The Pennant Group, Inc. (NASDAQ:PNTG) Receives $33.80 Consensus PT from Analysts

The Pennant Group, Inc. (NASDAQ:PNTG) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $33.80.

PNTG has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of The Pennant Group from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 3rd. Stephens restated an “overweight” rating and set a $35.00 target price on shares of The Pennant Group in a research report on Tuesday, June 10th. Truist Financial lowered 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. Finally, Wall Street Zen upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th.

Insider Buying and Selling at The Pennant Group

In related news, Director Joanne Stringfield sold 5,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $29.47, for a total transaction of $147,350.00. Following the completion of the sale, the director directly owned 30,275 shares of the company’s stock, valued at $892,204.25. This trade represents a 14.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Pennant Group

Several hedge funds have recently modified their holdings of the stock. Summit Investment Advisors Inc. lifted its holdings in The Pennant Group by 20.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,414 shares of the company’s stock valued at $91,000 after acquiring an additional 575 shares during the period. Versor Investments LP lifted its holdings in The Pennant Group by 6.2% in the first quarter. Versor Investments LP now owns 12,000 shares of the company’s stock valued at $302,000 after acquiring an additional 700 shares during the period. Quantum Portfolio Management LLC lifted its holdings in The Pennant Group by 4.7% in the second quarter. Quantum Portfolio Management LLC now owns 16,049 shares of the company’s stock valued at $479,000 after acquiring an additional 721 shares during the period. Intech Investment Management LLC lifted its holdings in The Pennant Group by 4.8% in the second quarter. Intech Investment Management LLC now owns 17,800 shares of the company’s stock valued at $531,000 after acquiring an additional 822 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in The Pennant Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company’s stock valued at $488,000 after acquiring an additional 857 shares during the period. 85.88% of the stock is owned by institutional investors and hedge funds.

The Pennant Group Stock Performance

Shares of The Pennant Group stock opened at $26.08 on Friday. The firm has a market capitalization of $901.32 million, a P/E ratio of 33.44, a P/E/G ratio of 2.28 and a beta of 1.48. The Pennant Group has a 52 week low of $21.18 and a 52 week high of $37.13. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $25.89 and its two-hundred day moving average is $26.00.

The Pennant Group Company Profile

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.