The Pennant Group (NASDAQ:PNTG – Get Free Report) had its price objective upped by investment analysts at Royal Bank Of Canada from $42.00 to $44.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 11.83% from the stock’s current price.
PNTG has been the subject of a number of other reports. Wells Fargo & Company lifted their price objective on shares of The Pennant Group from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Wall Street Zen raised The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Weiss Ratings upgraded The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Finally, Truist Financial lifted their target price on The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.60.
View Our Latest Analysis on PNTG
The Pennant Group Stock Up 0.5%
The Pennant Group (NASDAQ:PNTG – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The Pennant Group had a return on equity of 10.33% and a net margin of 2.93%.The firm had revenue of $297.98 million during the quarter, compared to the consensus estimate of $288.71 million. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. As a group, research analysts forecast that The Pennant Group will post 1.18 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in PNTG. Caitong International Asset Management Co. Ltd grew its stake in shares of The Pennant Group by 154.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock worth $33,000 after acquiring an additional 717 shares during the period. Quarry LP bought a new position in The Pennant Group during the third quarter worth about $37,000. Parallel Advisors LLC boosted its position in The Pennant Group by 1,186.8% during the first quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock worth $42,000 after purchasing an additional 1,258 shares during the period. GAMMA Investing LLC increased its stake in shares of The Pennant Group by 34.6% in the second quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock worth $58,000 after purchasing an additional 403 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in The Pennant Group by 651.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock valued at $86,000 after acquiring an additional 2,946 shares during the period. Hedge funds and other institutional investors own 85.88% of the company’s stock.
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.
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