The Pennant Group (NASDAQ:PNTG) Sets New 1-Year High at $22.00

The Pennant Group, Inc. (NASDAQ:PNTG) reached a new 52-week high on Tuesday . The company traded as high as $22.00 and last traded at $21.81, with a volume of 12281 shares. The stock had previously closed at $21.57.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Stephens reissued an “overweight” rating and issued a $23.00 price objective on shares of The Pennant Group in a report on Tuesday. Truist Financial lifted their price target on shares of The Pennant Group from $16.00 to $21.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Finally, Oppenheimer upped their price objective on shares of The Pennant Group from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st.

The Pennant Group Stock Performance

The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $19.78 and a two-hundred day moving average price of $16.11. The firm has a market cap of $631.71 million, a PE ratio of 47.41, a P/E/G ratio of 2.26 and a beta of 2.01.

The Pennant Group (NASDAQ:PNTG) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The Pennant Group had a net margin of 2.46% and a return on equity of 12.78%. The firm had revenue of $145.95 million during the quarter, compared to analyst estimates of $136.79 million. During the same period in the prior year, the company posted $0.15 earnings per share. Research analysts forecast that The Pennant Group, Inc. will post 0.73 EPS for the current fiscal year.

Institutional Trading of The Pennant Group

Several large investors have recently bought and sold shares of the business. AJOVista LLC acquired a new position in shares of The Pennant Group during the 4th quarter worth approximately $35,000. DekaBank Deutsche Girozentrale purchased a new position in The Pennant Group during the fourth quarter worth approximately $52,000. Allspring Global Investments Holdings LLC boosted its stake in The Pennant Group by 21.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,443 shares of the company’s stock worth $61,000 after buying an additional 944 shares during the last quarter. SG Americas Securities LLC purchased a new stake in The Pennant Group in the 4th quarter valued at $107,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of The Pennant Group in the 4th quarter worth $155,000. Hedge funds and other institutional investors own 85.88% of the company’s stock.

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.