Vanguard Group Inc. Has $18.85 Million Stock Position in The Pennant Group, Inc. (NASDAQ:PNTG)

Vanguard Group Inc. boosted its stake in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,693,196 shares of the company’s stock after acquiring an additional 14,138 shares during the quarter. Vanguard Group Inc. owned approximately 5.66% of The Pennant Group worth $18,845,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in shares of The Pennant Group by 217.0% during the third quarter. Tower Research Capital LLC TRC now owns 4,464 shares of the company’s stock valued at $46,000 after acquiring an additional 3,056 shares during the period. Allspring Global Investments Holdings LLC grew its stake in The Pennant Group by 21.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,443 shares of the company’s stock valued at $61,000 after acquiring an additional 944 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of The Pennant Group by 23.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,210 shares of the company’s stock worth $68,000 after acquiring an additional 1,162 shares in the last quarter. Captrust Financial Advisors raised its position in shares of The Pennant Group by 34.8% during the first quarter. Captrust Financial Advisors now owns 4,098 shares of the company’s stock worth $76,000 after purchasing an additional 1,057 shares during the period. Finally, UBS Group AG lifted its holdings in shares of The Pennant Group by 101.0% during the 4th quarter. UBS Group AG now owns 6,956 shares of the company’s stock valued at $76,000 after purchasing an additional 3,495 shares in the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on PNTG shares. Stephens upgraded shares of The Pennant Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $14.00 to $18.00 in a report on Friday, January 5th. Truist Financial boosted their price objective on shares of The Pennant Group from $16.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Finally, Oppenheimer increased their target price on The Pennant Group from $18.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, March 1st.

The Pennant Group Stock Performance

Shares of NASDAQ PNTG opened at $20.20 on Monday. The company has a market capitalization of $606.20 million, a P/E ratio of 45.91, a P/E/G ratio of 2.13 and a beta of 2.06. The Pennant Group, Inc. has a 12 month low of $10.31 and a 12 month high of $20.89. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average of $18.28 and a 200-day moving average of $15.02.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The Pennant Group had a net margin of 2.46% and a return on equity of 12.78%. The firm had revenue of $145.95 million during the quarter, compared to analyst estimates of $136.79 million. During the same period last year, the business posted $0.15 EPS. As a group, equities research analysts predict that The Pennant Group, Inc. will post 0.73 EPS for the current year.

The Pennant Group 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.