Renaissance Technologies LLC lessened its holdings in The Pennant Group, Inc. (NASDAQ:PNTG – Free Report) by 43.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 66,186 shares of the company’s stock after selling 51,514 shares during the quarter. Renaissance Technologies LLC owned 0.19% of The Pennant Group worth $2,017,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in shares of The Pennant Group during the first quarter valued at about $1,445,000. Arrowstreet Capital Limited Partnership boosted its stake in The Pennant Group by 34.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 28,124 shares of the company’s stock worth $857,000 after purchasing an additional 7,204 shares in the last quarter. Sei Investments Co. grew its position in The Pennant Group by 33.7% during the 1st quarter. Sei Investments Co. now owns 153,546 shares of the company’s stock worth $4,680,000 after purchasing an additional 38,735 shares during the last quarter. Dimensional Fund Advisors LP grew its position in The Pennant Group by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 815,660 shares of the company’s stock worth $24,861,000 after purchasing an additional 11,943 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in The Pennant Group by 1,186.8% during the 1st 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 last quarter. Hedge funds and other institutional investors own 85.88% of the company’s stock.
Analyst Upgrades and Downgrades
PNTG has been the subject of a number of research analyst reports. Royal Bank Of Canada raised their price target on shares of The Pennant Group from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Truist Financial boosted their price objective on shares of The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Wall Street Zen raised The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company lifted their price target on The Pennant Group from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.20.
The Pennant Group Price Performance
Shares of NASDAQ:PNTG opened at $38.17 on Wednesday. The Pennant Group, Inc. has a twelve month low of $22.25 and a twelve month high of $42.69. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.33 billion, a PE ratio of 42.41, a price-to-earnings-growth ratio of 2.66 and a beta of 1.26. The company’s 50 day moving average is $37.42 and its 200 day moving average is $33.83.
The Pennant Group (NASDAQ:PNTG – Get Free Report) last announced 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 business had revenue of $297.98 million during the quarter, compared to analysts’ expectations of $288.71 million. The Pennant Group had a net margin of 2.93% and a return on equity of 10.33%. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. On average, sell-side analysts forecast that The Pennant Group, Inc. will post 1.14 EPS for the current year.
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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