The Pennant Group, Inc. (NASDAQ:PNTG – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $42.69 and last traded at $42.52, with a volume of 85285 shares changing hands. The stock had previously closed at $41.34.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on PNTG. Truist Financial increased their price target on shares of The Pennant Group from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Wells Fargo & Company lifted their price objective on shares of The Pennant Group from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Wall Street Zen raised shares of The Pennant Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Royal Bank Of Canada upped their target price on shares of The Pennant Group from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Weiss Ratings lowered shares of The Pennant Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, The Pennant Group has a consensus rating of “Moderate Buy” and an average target price of $41.00.
View Our Latest Stock Analysis on The Pennant Group
The Pennant Group Stock Up 0.4%
The Pennant Group (NASDAQ:PNTG – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $285.36 million during the quarter, compared to the consensus estimate of $280.75 million. On average, equities analysts anticipate that The Pennant Group, Inc. will post 1.14 earnings per share for the current fiscal year.
Institutional Investors Weigh In On The Pennant Group
A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of The Pennant Group by 288.4% during the third quarter. JPMorgan Chase & Co. now owns 130,721 shares of the company’s stock worth $3,297,000 after purchasing an additional 97,061 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in The Pennant Group by 317.4% in the third quarter. Tudor Investment Corp ET AL now owns 207,220 shares of the company’s stock valued at $5,226,000 after buying an additional 157,574 shares in the last quarter. Vanguard Group Inc. raised 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 buying an additional 82,071 shares in the last quarter. Turtle Creek Asset Management Inc. lifted its holdings in The Pennant Group by 12,075.6% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,582,823 shares of the company’s stock worth $48,244,000 after buying an additional 1,569,823 shares during the last quarter. Finally, Rice Hall James & Associates LLC lifted its holdings in The Pennant Group by 14.2% during the 4th quarter. Rice Hall James & Associates LLC now owns 257,510 shares of the company’s stock worth $7,249,000 after buying an additional 31,932 shares during the last quarter. 85.88% of the stock is owned by hedge funds and other institutional investors.
About The Pennant Group
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.
Featured Articles
- Five stocks we like better than The Pennant Group
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Receive News & Ratings for The Pennant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Pennant Group and related companies with MarketBeat.com's FREE daily email newsletter.
