The Pennant Group (NASDAQ:PNTG) Earns Overweight Rating from Stephens

The Pennant Group (NASDAQ:PNTG)‘s stock had its “overweight” rating reaffirmed by research analysts at Stephens in a research note issued to investors on Thursday,Benzinga reports. They presently have a $40.00 price target on the stock. Stephens’ price objective suggests a potential upside of 64.27% from the company’s previous close.

A number of other analysts also recently commented on PNTG. Weiss Ratings restated a “hold (c+)” rating on shares of The Pennant Group in a report on Saturday, September 27th. Truist Financial dropped their price objective on The Pennant Group from $32.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, July 16th. Wall Street Zen downgraded The Pennant Group from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Wells Fargo & Company dropped their price objective on The Pennant Group from $31.00 to $29.00 and set an “equal weight” rating for the company in a report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.40.

The Pennant Group Trading Down 2.8%

Shares of PNTG opened at $24.35 on Thursday. The company has a market capitalization of $841.54 million, a PE ratio of 31.22, a price-to-earnings-growth ratio of 2.06 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a fifty day moving average of $24.77 and a two-hundred day moving average of $25.89. The Pennant Group has a fifty-two week low of $21.18 and a fifty-two week high of $36.20.

Institutional Trading of The Pennant Group

Institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. purchased a new stake in The Pennant Group during the 1st quarter worth $25,000. Tower Research Capital LLC TRC boosted its position in The Pennant Group by 161.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,987 shares of the company’s stock worth $119,000 after purchasing an additional 2,463 shares during the period. State of Wyoming boosted its position in The Pennant Group by 41.3% in the 1st quarter. State of Wyoming now owns 6,170 shares of the company’s stock valued at $155,000 after buying an additional 1,803 shares during the last quarter. GAMMA Investing LLC boosted its position in The Pennant Group by 7,124.5% in the 1st 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 last quarter. Finally, ProShare Advisors LLC purchased a new position in The Pennant Group in the 2nd quarter valued at about $207,000. 85.88% of the stock is owned by hedge funds and other institutional investors.

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.