Shares of The Pennant Group, Inc. (NASDAQ:PNTG – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $38.00 and last traded at $37.38, with a volume of 16429 shares traded. The stock had previously closed at $36.95.
Analyst Ratings Changes
A number of research analysts have recently commented on PNTG shares. Wall Street Zen upgraded The Pennant Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Wells Fargo & Company increased their price objective on The Pennant Group from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Truist Financial boosted their target price on shares of The Pennant Group from $36.00 to $42.00 and gave the company a “buy” rating in a report on Friday, May 8th. Weiss Ratings downgraded shares of The Pennant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Finally, Royal Bank Of Canada increased their price target 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. 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.
View Our Latest Stock Analysis on The Pennant Group
The Pennant Group Stock Up 2.7%
The Pennant Group (NASDAQ:PNTG – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $285.36 million during the quarter, compared to the consensus estimate of $280.75 million. The Pennant Group had a return on equity of 10.07% and a net margin of 2.96%. On average, equities analysts expect that The Pennant Group, Inc. will post 1.14 EPS for the current fiscal year.
Institutional Trading of The Pennant Group
A number of institutional investors and hedge funds have recently bought and sold shares of PNTG. SG Americas Securities LLC raised its holdings in The Pennant Group by 3.9% in the fourth quarter. SG Americas Securities LLC now owns 15,926 shares of the company’s stock worth $448,000 after buying an additional 600 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of The Pennant Group by 154.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock valued at $33,000 after buying an additional 717 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of The Pennant Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company’s stock valued at $488,000 after buying an additional 857 shares during the last quarter. Parallel Advisors LLC increased its position in shares of The Pennant Group by 1,186.8% during the first quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock valued at $42,000 after acquiring an additional 1,258 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of The Pennant Group by 11.3% during the second quarter. The Manufacturers Life Insurance Company now owns 12,400 shares of the company’s stock valued at $370,000 after acquiring an additional 1,263 shares in the last quarter. 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.
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