Manatuck Hill Partners LLC Invests $2.22 Million in The Pennant Group, Inc. $PNTG

Manatuck Hill Partners LLC purchased a new stake in The Pennant Group, Inc. (NASDAQ:PNTG) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 60,000 shares of the company’s stock, valued at approximately $2,217,000. Manatuck Hill Partners LLC owned 0.17% of The Pennant Group at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its position in The Pennant Group by 154.2% in the fourth 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 in the last quarter. Quarry LP purchased a new stake in shares of The Pennant Group during the 3rd quarter worth $37,000. Parallel Advisors LLC grew its stake in shares of 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 period. GAMMA Investing LLC grew its stake in shares of The Pennant Group by 34.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock worth $58,000 after purchasing an additional 403 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in shares of 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 worth $86,000 after purchasing an additional 2,946 shares during the period. 85.88% of the stock is currently owned by hedge funds and other institutional investors.

The Pennant Group Stock Performance

Shares of NASDAQ PNTG opened at $38.25 on Wednesday. The company has a market cap of $1.34 billion, a PE ratio of 42.50, a price-to-earnings-growth ratio of 2.54 and a beta of 1.26. The Pennant Group, Inc. has a 12 month low of $22.25 and a 12 month high of $42.69. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.20 and a quick ratio of 1.20. The company has a 50-day simple moving average of $38.78 and a 200-day simple moving average of $34.53.

The Pennant Group (NASDAQ:PNTG) last announced its earnings results on Wednesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $297.98 million for the quarter, compared to analyst estimates 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, equities analysts anticipate that The Pennant Group, Inc. will post 1.18 earnings per share for the current year.

Wall Street Analyst Weigh In

PNTG has been the topic of a number of research analyst reports. Weiss Ratings raised shares of The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 19th. Wells Fargo & Company increased their target price 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. Truist Financial lifted their price target on shares of The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Wall Street Zen raised The Pennant Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, Royal Bank Of Canada upped their price target on The Pennant Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, The Pennant Group has a consensus rating of “Moderate Buy” and a consensus price target of $41.60.

The Pennant Group 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.