The Pennant Group (NASDAQ:PNTG) Receives Overweight Rating from Stephens

Stephens restated their overweight rating on shares of The Pennant Group (NASDAQ:PNTG) in a research report released on Tuesday, Benzinga reports. The brokerage currently has a $23.00 price objective on the stock.

PNTG has been the subject of several other research reports. Truist Financial lifted their price objective on The Pennant Group from $16.00 to $21.00 and gave the company a hold rating in a research note on Friday, March 1st. Oppenheimer boosted their price objective on The Pennant Group from $18.00 to $22.00 and gave the stock an outperform rating in a report on Friday, March 1st.

The Pennant Group Trading Down 3.1 %

Shares of PNTG opened at $20.91 on Tuesday. The Pennant Group has a twelve month low of $10.31 and a twelve month high of $22.00. The stock has a market cap of $627.51 million, a PE ratio of 47.52, a P/E/G ratio of 2.26 and a beta of 2.01. 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 business’s 50-day moving average price is $19.87 and its 200-day moving average price is $16.18.

The Pennant Group (NASDAQ:PNTG) last issued 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 for the quarter, compared to analysts’ expectations of $136.79 million. During the same period in the prior year, the firm posted $0.15 EPS. On average, equities analysts forecast that The Pennant Group will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On The Pennant Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. 8 Knots Management LLC bought a new position in shares of The Pennant Group during the 4th quarter valued at $25,578,000. Paradigm Capital Management Inc. NY grew its stake in shares of The Pennant Group by 79.1% during the third quarter. Paradigm Capital Management Inc. NY now owns 1,196,500 shares of the company’s stock valued at $13,317,000 after buying an additional 528,612 shares during the last quarter. Boone Capital Management LLC purchased a new position in shares of The Pennant Group in the fourth quarter worth about $4,589,000. Peregrine Capital Management LLC purchased a new position in shares of The Pennant Group in the first quarter worth about $6,403,000. Finally, Allianz Asset Management GmbH bought a new stake in shares of The Pennant Group in the 4th quarter valued at about $2,351,000. 85.88% of the stock is currently owned by hedge funds and other institutional investors.

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.