The Pennant Group (NASDAQ:PNTG) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of The Pennant Group (NASDAQ:PNTG) from a buy rating to a hold rating in a research note published on Friday morning.

Other equities research analysts also recently issued research reports about the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of The Pennant Group in a research report on Friday, December 19th. William Blair assumed coverage on The Pennant Group in a research report on Monday, December 8th. They set an “outperform” rating for the company. Zacks Research lowered The Pennant Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of The Pennant Group in a report on Monday, December 29th. Finally, Wells Fargo & Company increased their price objective on The Pennant Group from $31.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, The Pennant Group has a consensus rating of “Moderate Buy” and an average target price of $36.20.

The Pennant Group Price Performance

PNTG opened at $30.53 on Friday. The stock has a fifty day moving average of $28.69 and a 200-day moving average of $25.99. The firm has a market capitalization of $1.06 billion, a P/E ratio of 40.71, a PEG ratio of 2.11 and a beta of 1.28. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.08. The Pennant Group has a 12-month low of $21.18 and a 12-month high of $31.94.

The Pennant Group (NASDAQ:PNTG) last released its earnings results on Wednesday, November 5th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $229.04 million for the quarter, compared to analysts’ expectations of $221.96 million. The Pennant Group had a return on equity of 9.37% and a net margin of 3.15%.The Pennant Group has set its FY 2025 guidance at 1.140-1.180 EPS. Equities analysts forecast that The Pennant Group will post 0.75 EPS for the current fiscal year.

Institutional Investors Weigh In On The Pennant Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in PNTG. Quarry LP acquired a new position in The Pennant Group during the third quarter valued at approximately $37,000. State of Alaska Department of Revenue acquired a new position in The Pennant Group in the 3rd quarter valued at $54,000. CIBC Private Wealth Group LLC raised its holdings in The Pennant Group by 651.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock worth $86,000 after acquiring an additional 2,946 shares during the period. Tower Research Capital LLC TRC lifted its position in The Pennant Group by 161.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,987 shares of the company’s stock worth $119,000 after acquiring an additional 2,463 shares during the last quarter. Finally, AlphaQuest LLC bought a new stake in The Pennant Group during the third quarter valued at about $137,000. 85.88% of the stock is currently owned by institutional investors and hedge funds.

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.