The Pennant Group (NASDAQ:PNTG) Shares Gap Up to $28.60

The Pennant Group, Inc. (NASDAQ:PNTG) shares gapped up before the market opened on Wednesday . The stock had previously closed at $28.60, but opened at $30.92. The Pennant Group shares last traded at $28.17, with a volume of 24,604 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PNTG. Stephens restated an “overweight” rating and set a $25.00 target price on shares of The Pennant Group in a research report on Thursday, June 20th. Truist Financial raised their target price on shares of The Pennant Group from $25.00 to $28.00 and gave the stock a “hold” rating in a research report on Monday, July 15th. Finally, Royal Bank of Canada increased their price target on The Pennant Group from $21.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th.

The Pennant Group Trading Up 2.7 %

The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average of $25.12 and a two-hundred day moving average of $21.29. The stock has a market capitalization of $882.45 million, a price-to-earnings ratio of 52.96, a P/E/G ratio of 3.17 and a beta of 2.00.

The Pennant Group (NASDAQ:PNTG) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The Pennant Group had a return on equity of 13.42% and a net margin of 2.86%. The firm had revenue of $156.92 million during the quarter, compared to the consensus estimate of $146.01 million. On average, research analysts expect that The Pennant Group, Inc. will post 0.73 EPS for the current year.

Institutional Investors Weigh In On The Pennant Group

A number of hedge funds and other institutional investors have recently bought and sold shares of PNTG. Vanguard Group Inc. grew its holdings in The Pennant Group by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,693,196 shares of the company’s stock valued at $18,845,000 after buying an additional 14,138 shares during the period. SG Americas Securities LLC acquired a new position in The Pennant Group during the 4th quarter worth approximately $107,000. DekaBank Deutsche Girozentrale acquired a new position in The Pennant Group during the 4th quarter worth approximately $52,000. Cornercap Investment Counsel Inc. acquired a new position in The Pennant Group during the 4th quarter worth approximately $596,000. Finally, Mackenzie Financial Corp acquired a new position in The Pennant Group during the 4th quarter worth approximately $155,000. Institutional investors and hedge funds 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.