Royal Bank of Canada Sells 45,026 Shares of The Pennant Group, Inc. $PNTG

Royal Bank of Canada lowered its position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 67.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 21,866 shares of the company’s stock after selling 45,026 shares during the period. Royal Bank of Canada’s holdings in The Pennant Group were worth $667,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its stake in The Pennant Group by 154.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock worth $33,000 after purchasing an additional 717 shares in the last quarter. Parallel Advisors LLC boosted its holdings in The Pennant Group by 1,186.8% in the 1st quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock valued at $42,000 after purchasing an additional 1,258 shares during the period. Quarry LP purchased a new position in shares of The Pennant Group during the 3rd quarter valued at $37,000. Quadrant Capital Group LLC grew its position in shares of The Pennant Group by 608.7% during the 4th quarter. Quadrant Capital Group LLC now owns 3,182 shares of the company’s stock valued at $90,000 after purchasing an additional 2,733 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its position 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 valued at $86,000 after purchasing an additional 2,946 shares in the last quarter. Institutional investors own 85.88% of the company’s stock.

The Pennant Group Price Performance

PNTG stock opened at $38.88 on Monday. The firm has a 50 day simple moving average of $38.57 and a two-hundred day simple moving average of $34.40. The stock has a market cap of $1.36 billion, a PE ratio of 43.20, a P/E/G ratio of 2.53 and a beta of 1.26. The Pennant Group, Inc. has a one year low of $22.25 and a one year 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 Pennant Group (NASDAQ:PNTG) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. The Pennant Group had a net margin of 2.93% and a return on equity of 10.33%. The firm had revenue of $297.98 million for the quarter, compared to analysts’ expectations of $288.71 million. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. On average, analysts predict that The Pennant Group, Inc. will post 1.18 EPS for the current fiscal year.

Analyst Ratings Changes

PNTG has been the topic of a number of recent analyst reports. Weiss Ratings upgraded The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Truist Financial boosted their target price on The Pennant Group from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Wells Fargo & Company upped their target price on The Pennant Group from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded The Pennant Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, Royal Bank Of Canada raised their price target on The Pennant Group from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

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.