UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 13,627 Shares of The Pennant Group, Inc. $PNTG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 18.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,773 shares of the company’s stock after selling 13,627 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of The Pennant Group worth $2,172,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of The Pennant Group during the 2nd quarter worth approximately $109,340,000. Turtle Creek Asset Management Inc. lifted its holdings in The Pennant Group by 12,075.6% in the first quarter. Turtle Creek Asset Management Inc. now owns 1,582,823 shares of the company’s stock valued at $48,244,000 after buying an additional 1,569,823 shares during the period. Paradigm Capital Management Inc. NY acquired a new position in The Pennant Group in the second quarter valued at approximately $51,833,000. Wasatch Advisors LP lifted its holdings in The Pennant Group by 143.2% in the first quarter. Wasatch Advisors LP now owns 1,418,687 shares of the company’s stock valued at $43,242,000 after buying an additional 835,227 shares during the period. Finally, Boone Capital Management LLC bought a new position in The Pennant Group in the second quarter valued at approximately $19,059,000. 85.88% of the stock is currently owned by institutional investors and hedge funds.

The Pennant Group Stock Down 0.3%

Shares of NASDAQ PNTG opened at $39.20 on Friday. The stock has a market cap of $1.37 billion, a P/E ratio of 43.56, a P/E/G ratio of 2.56 and a beta of 1.27. The firm has a 50 day moving average price of $39.46 and a 200 day moving average price of $35.13. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.20 and a current ratio of 1.20. The Pennant Group, Inc. has a 52-week low of $22.25 and a 52-week high of $42.69.

The Pennant Group (NASDAQ:PNTG) last issued its earnings results on Wednesday, August 5th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The firm had revenue of $297.98 million during the quarter, compared to the consensus estimate of $288.71 million. The Pennant Group had a net margin of 2.93% and a return on equity of 10.33%. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. Analysts expect that The Pennant Group, Inc. will post 1.18 EPS for the current year.

Analysts Set New Price Targets

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

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.