The Pennant Group (NASDAQ:PNTG) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of The Pennant Group (NASDAQ:PNTG) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Several other research firms have also weighed in on PNTG. Zacks Research lowered shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Truist Financial raised shares of The Pennant Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $28.00 to $34.00 in a research report on Tuesday, December 2nd. Weiss Ratings raised shares of The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. William Blair initiated coverage on shares of The Pennant Group in a research note on Monday, December 8th. They set an “outperform” rating for the company. Finally, Wells Fargo & Company lifted their price target on shares of The Pennant Group from $31.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.60.

The Pennant Group Stock Performance

Shares of The Pennant Group stock opened at $29.84 on Friday. The business’s fifty day simple moving average is $31.41 and its 200 day simple moving average is $28.31. The firm has a market capitalization of $1.03 billion, a P/E ratio of 35.95, a price-to-earnings-growth ratio of 2.07 and a beta of 1.23. The Pennant Group has a 12 month low of $21.73 and a 12 month high of $35.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.45.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $289.32 million during the quarter, compared to the consensus estimate of $275.20 million. The Pennant Group had a return on equity of 10.10% and a net margin of 3.12%.The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. As a group, analysts anticipate that The Pennant Group will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd raised its holdings in The Pennant Group by 154.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock valued at $33,000 after acquiring an additional 717 shares during the period. Quarry LP bought a new position in shares of The Pennant Group in the third quarter worth $37,000. State of Alaska Department of Revenue purchased a new position in shares of The Pennant Group in the third quarter valued at $54,000. Quadrant Capital Group LLC grew its position in shares of The Pennant Group by 608.7% in the fourth 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 raised its stake 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 during the period. 85.88% of the stock is owned by institutional investors.

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.