The Pennant Group, Inc. (NASDAQ:PNTG) Given Consensus Rating of “Moderate Buy” by Analysts

The Pennant Group, Inc. (NASDAQ:PNTG) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $39.00.

PNTG has been the subject of several recent analyst reports. Weiss Ratings raised shares of The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Wells Fargo & Company increased their price target on shares of The Pennant Group from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Wall Street Zen upgraded The Pennant Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Truist Financial lifted their price target on The Pennant Group from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada boosted their price objective on The Pennant Group from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, May 8th.

The Pennant Group Stock Performance

NASDAQ:PNTG opened at $38.52 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a 50-day moving average of $33.78 and a two-hundred day moving average of $31.68. The stock has a market cap of $1.34 billion, a P/E ratio of 45.32, a PEG ratio of 2.59 and a beta of 1.25. The Pennant Group has a 1-year low of $21.73 and a 1-year high of $39.42.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $285.36 million for the quarter, compared to analysts’ expectations of $280.75 million. The Pennant Group had a return on equity of 10.07% and a net margin of 2.96%. On average, research analysts expect that The Pennant Group will post 1.14 earnings per share for the current fiscal year.

Institutional Trading of The Pennant Group

A number of institutional investors and hedge funds have recently modified their holdings of PNTG. Turtle Creek Asset Management Inc. grew its position in shares of The Pennant Group by 12,075.6% during the 1st 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 last quarter. Wasatch Advisors LP grew its position in The Pennant Group by 143.2% during the 1st quarter. Wasatch Advisors LP now owns 1,418,687 shares of the company’s stock worth $43,242,000 after purchasing an additional 835,227 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in The Pennant Group during the 2nd quarter valued at $14,356,000. Provident Investment Management Inc. raised its stake in The Pennant Group by 161.0% during the 4th quarter. Provident Investment Management Inc. now owns 691,862 shares of the company’s stock valued at $19,476,000 after purchasing an additional 426,797 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of The Pennant Group in the fourth quarter valued at $11,023,000. 85.88% of the stock is owned by institutional investors and hedge funds.

The Pennant Group Company 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.