Susquehanna International Group LLP Sells 40,215 Shares of The Pennant Group, Inc. $PNTG

Susquehanna International Group LLP lowered its holdings in The Pennant Group, Inc. (NASDAQ:PNTG) by 70.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,151 shares of the company’s stock after selling 40,215 shares during the quarter. Susquehanna International Group LLP’s holdings in The Pennant Group were worth $634,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its position in shares of The Pennant Group by 154.2% in the fourth 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 stake in The Pennant Group in the 3rd quarter valued at $37,000. Parallel Advisors LLC boosted its holdings in The Pennant Group by 1,186.8% in the 1st quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock valued at $42,000 after purchasing an additional 1,258 shares during the period. GAMMA Investing LLC grew its position in The Pennant Group by 34.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock worth $58,000 after purchasing an additional 403 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings 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 worth $86,000 after purchasing an additional 2,946 shares during the period. 85.88% of the stock is currently owned by institutional investors and hedge funds.

The Pennant Group Stock Performance

NASDAQ:PNTG opened at $36.76 on Tuesday. The firm has a market capitalization of $1.28 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 2.42 and a beta of 1.26. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.48. The Pennant Group, Inc. has a 12-month low of $22.25 and a 12-month high of $42.69. The firm has a 50-day moving average price of $39.08 and a 200 day moving average price of $34.73.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The Pennant Group had a return on equity of 10.33% and a net margin of 2.93%.The company had revenue of $297.98 million for the quarter, compared to the consensus estimate of $288.71 million. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. Research analysts anticipate that The Pennant Group, Inc. will post 1.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PNTG. Weiss Ratings upgraded shares of The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Royal Bank Of Canada upped their price target on The Pennant Group from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Truist Financial raised their price objective on The Pennant Group from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Wells Fargo & Company lifted their price objective on The Pennant Group from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

The Pennant Group 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.