The Pennant Group, Inc. $PNTG Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC lessened its holdings in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 426,848 shares of the company’s stock after selling 4,500 shares during the period. First Eagle Investment Management LLC’s holdings in The Pennant Group were worth $12,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Wyoming raised its stake in shares of The Pennant Group by 41.3% during the 1st quarter. State of Wyoming now owns 6,170 shares of the company’s stock valued at $155,000 after buying an additional 1,803 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in The Pennant Group during the second quarter worth about $211,000. Bosun Asset Management LLC acquired a new stake in The Pennant Group during the first quarter worth about $249,000. AQR Capital Management LLC raised its position in The Pennant Group by 32.6% during the first quarter. AQR Capital Management LLC now owns 10,255 shares of the company’s stock valued at $258,000 after acquiring an additional 2,524 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in The Pennant Group in the first quarter valued at approximately $285,000. 85.88% of the stock is currently owned by institutional investors and hedge funds.

The Pennant Group Trading Up 7.5%

Shares of The Pennant Group stock opened at $25.54 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.04 and a quick ratio of 1.21. The stock’s 50 day simple moving average is $24.77 and its 200-day simple moving average is $25.82. The stock has a market cap of $883.43 million, a P/E ratio of 34.05, a P/E/G ratio of 1.95 and a beta of 1.39. The Pennant Group, Inc. has a 1-year low of $21.18 and a 1-year high of $34.27.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. The firm had revenue of $229.04 million during the quarter, compared to analysts’ expectations 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. Analysts predict that The Pennant Group, Inc. will post 0.75 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of The Pennant Group in a research note on Wednesday. Truist Financial cut their price objective on shares of The Pennant Group from $32.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, July 16th. Wall Street Zen upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday. Stephens reissued an “overweight” rating and set a $40.00 target price on shares of The Pennant Group in a research note on Thursday, October 9th. Finally, Jefferies Financial Group began coverage on The Pennant Group in a research report on Friday, October 24th. They set a “buy” rating and a $30.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.