Teacher Retirement System of Texas Sells 55,705 Shares of The Pennant Group, Inc. $PNTG

Teacher Retirement System of Texas decreased its holdings in The Pennant Group, Inc. (NASDAQ:PNTG) by 59.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,251 shares of the company’s stock after selling 55,705 shares during the period. Teacher Retirement System of Texas owned about 0.11% of The Pennant Group worth $965,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Ophir Asset Management Pty Ltd increased its holdings in shares of The Pennant Group by 403.9% in the 2nd quarter. Ophir Asset Management Pty Ltd now owns 1,048,759 shares of the company’s stock valued at $31,305,000 after acquiring an additional 840,642 shares during the period. Geode Capital Management LLC lifted its position in shares of The Pennant Group by 4.6% during the second quarter. Geode Capital Management LLC now owns 832,481 shares of the company’s stock valued at $24,853,000 after buying an additional 36,357 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of The Pennant Group in the 2nd quarter valued at about $14,356,000. Kent Lake PR LLC grew its position in shares of The Pennant Group by 16.3% in the 2nd quarter. Kent Lake PR LLC now owns 465,100 shares of the company’s stock worth $13,883,000 after buying an additional 65,100 shares during the last quarter. Finally, De Lisle Partners LLP raised its stake in shares of The Pennant Group by 8.0% during the 2nd quarter. De Lisle Partners LLP now owns 440,591 shares of the company’s stock worth $13,149,000 after acquiring an additional 32,790 shares in the last quarter. Hedge funds and other institutional investors own 85.88% of the company’s stock.

The Pennant Group Stock Up 2.2%

PNTG stock opened at $28.22 on Tuesday. The company has a market capitalization of $976.13 million, a P/E ratio of 37.63, a price-to-earnings-growth ratio of 1.92 and a beta of 1.27. The Pennant Group, Inc. has a 12 month low of $21.18 and a 12 month high of $31.94. The firm’s fifty day simple moving average is $28.93 and its 200-day simple moving average is $26.14. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.04 and a quick ratio of 1.04.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PNTG shares. Zacks Research downgraded shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of The Pennant Group in a report on Monday, December 29th. Stephens restated an “overweight” rating and set a $40.00 target price on shares of The Pennant Group in a research note on Thursday, October 9th. Wall Street Zen lowered The Pennant Group from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Wells Fargo & Company raised their price target 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 investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.20.

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.