The Pennant Group (NASDAQ:PNTG) Trading Down 11% – Here’s Why

Shares of The Pennant Group, Inc. (NASDAQ:PNTG) fell 11% during mid-day trading on Tuesday . The company traded as low as $28.71 and last traded at $27.1760. 241,528 shares were traded during mid-day trading, a decline of 10% from the average session volume of 268,156 shares. The stock had previously closed at $30.54.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PNTG shares. Wells Fargo & Company boosted their target price on The Pennant Group from $31.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Wall Street Zen lowered The Pennant Group from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. William Blair started coverage on shares of The Pennant Group in a research note on Monday, December 8th. They issued an “outperform” rating for the company. Jefferies Financial Group began coverage on The Pennant Group in a report on Friday, October 24th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Zacks Research lowered shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.20.

The Pennant Group Stock Performance

The firm’s fifty day moving average is $28.88 and its 200 day moving average is $26.06. The firm has a market capitalization of $945.69 million, a price-to-earnings ratio of 36.45, a PEG ratio of 1.91 and a beta of 1.28. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.04 and a quick ratio of 1.04.

The Pennant Group (NASDAQ:PNTG) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The Pennant Group had a return on equity of 9.37% and a net margin of 3.15%.The business had revenue of $229.04 million for the quarter, compared to analyst estimates of $221.96 million. The Pennant Group has set its FY 2025 guidance at 1.140-1.180 EPS. On average, analysts predict that The Pennant Group, Inc. will post 0.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Comerica Bank increased its position in shares of The Pennant Group by 1,185.6% during the 4th quarter. Comerica Bank now owns 6,055 shares of the company’s stock worth $170,000 after purchasing an additional 5,584 shares during the last quarter. Vanguard Group Inc. lifted its stake in The Pennant Group by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 2,049,968 shares of the company’s stock valued at $57,707,000 after acquiring an additional 82,071 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of The Pennant Group by 91.4% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 25,887 shares of the company’s stock valued at $738,000 after acquiring an additional 12,365 shares during the period. Evergreen Capital Management LLC acquired a new position in shares of The Pennant Group during the 4th quarter worth about $448,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in The Pennant Group in the 4th quarter valued at about $213,000. 85.88% of the stock is currently owned by institutional investors.

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.