The Pennant Group (NASDAQ:PNTG) Shares Down 8.2% – Here’s What Happened

Posted by George Bondi on Jun 3rd, 2026

The Pennant Group, Inc. (NASDAQ:PNTG – Get Free Report)’s share price dropped 8.2% during trading on Monday . The company traded as low as $31.42 and last traded at $31.4560. Approximately 230,260 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 272,840 shares. The stock had previously closed at $34.25.

Wall Street Analyst Weigh In

PNTG has been the subject of a number of recent analyst reports. Weiss Ratings upgraded The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 22nd. Wells Fargo & Company boosted their price target on The Pennant Group from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Royal Bank Of Canada boosted their price target on The Pennant Group from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Wall Street Zen upgraded The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Truist Financial boosted 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. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, The Pennant Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Read Our Latest Analysis on PNTG

The Pennant Group Price Performance

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.07 billion, a PE ratio of 36.31, a PEG ratio of 2.15 and a beta of 1.29. The company has a 50-day moving average of $32.09 and a 200 day moving average of $30.63.

The Pennant Group (NASDAQ:PNTG – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The Pennant Group had a return on equity of 10.07% and a net margin of 2.96%.The firm had revenue of $285.36 million during the quarter, compared to analysts’ expectations of $280.75 million. Sell-side analysts predict that The Pennant Group, Inc. will post 1.14 EPS for the current year.

Institutional Trading of The Pennant Group

Several large investors have recently added to or reduced their stakes in PNTG. Turtle Creek Asset Management Inc. grew its holdings in The Pennant Group by 12,075.6% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,582,823 shares of the company’s stock valued at $48,244,000 after buying an additional 1,569,823 shares in the last quarter. Wasatch Advisors LP grew its holdings in The Pennant Group by 143.2% in the 1st quarter. Wasatch Advisors LP now owns 1,418,687 shares of the company’s stock valued at $43,242,000 after buying an additional 835,227 shares in the last quarter. WCM Investment Management LLC purchased a new stake in The Pennant Group in the 3rd quarter valued at $16,100,000. Ameriprise Financial Inc. purchased a new stake in The Pennant Group in the 2nd quarter valued at $14,356,000. Finally, Provident Investment Management Inc. grew its holdings in The Pennant Group by 161.0% in the 4th quarter. Provident Investment Management Inc. now owns 691,862 shares of the company’s stock valued at $19,476,000 after buying an additional 426,797 shares in the last quarter. 85.88% of the stock is currently owned by hedge funds and other institutional investors.

The Pennant Group Company Profile

(Get Free Report)

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.