The Pennant Group, Inc. $PNTG Stock Holdings Reduced by Persistent Asset Partners Ltd

Persistent Asset Partners Ltd cut its position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 17.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,906 shares of the company’s stock after selling 29,303 shares during the period. The Pennant Group accounts for about 3.1% of Persistent Asset Partners Ltd’s investment portfolio, making the stock its 4th largest position. Persistent Asset Partners Ltd owned approximately 0.40% of The Pennant Group worth $4,176,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. State of Wyoming increased its holdings in The Pennant Group by 41.3% in the first quarter. State of Wyoming now owns 6,170 shares of the company’s stock worth $155,000 after buying an additional 1,803 shares during the last quarter. ProShare Advisors LLC bought a new stake in The Pennant Group in the second quarter worth approximately $207,000. Belpointe Asset Management LLC acquired a new position in shares of The Pennant Group during the 2nd quarter worth $211,000. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of The Pennant Group by 13.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,922 shares of the company’s stock valued at $236,000 after purchasing an additional 953 shares in the last quarter. Finally, Bailard Inc. bought a new position in shares of The Pennant Group during the 2nd quarter valued at $260,000. Institutional investors own 85.88% of the company’s stock.

The Pennant Group Trading Up 0.0%

The Pennant Group stock opened at $24.90 on Friday. The Pennant Group, Inc. has a 52 week low of $21.18 and a 52 week high of $32.28. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $861.29 million, a PE ratio of 33.20, a PEG ratio of 2.02 and a beta of 1.39. The business’s 50-day simple moving average is $24.85 and its 200-day simple moving average is $25.80.

The Pennant Group (NASDAQ:PNTG) last released 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 Pennant Group had a return on equity of 9.37% and a net margin of 3.15%.The firm had revenue of $229.04 million for the quarter, compared to analyst estimates of $221.96 million. The Pennant Group has set its FY 2025 guidance at 1.140-1.180 EPS. Equities research analysts forecast that The Pennant Group, Inc. will post 0.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PNTG. Weiss Ratings reiterated a “hold (c+)” rating on shares of The Pennant Group in a report on Wednesday, November 5th. Wall Street Zen cut The Pennant Group from a “buy” rating to a “hold” rating in a research report on Sunday. Wells Fargo & Company lowered their price objective on The Pennant Group from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Thursday, August 14th. Jefferies Financial Group initiated coverage on The Pennant Group in a research note on Friday, October 24th. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, Stephens reaffirmed an “overweight” rating and set a $40.00 target price on shares of The Pennant Group in a research report on Thursday, October 9th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $31.75.

The Pennant Group Company Profile

The Pennant Group, Inc provides healthcare services in the United States. It operates in two segments, Home Health and Hospice Services, and Senior Living Services. The company offers home health services, including clinical services, such as nursing, speech, occupational and physical therapy, medical social work, and home health aide services; and hospice services comprising clinical care, education, and counseling services for the physical, spiritual, and psychosocial needs of terminally ill patients and their families.