The Pennant Group, Inc. (NASDAQ:PNTG) Stock Holdings Trimmed by Riverbridge Partners LLC

Riverbridge Partners LLC lessened its position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,010,194 shares of the company’s stock after selling 92,362 shares during the period. Riverbridge Partners LLC owned about 2.94% of The Pennant Group worth $26,790,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of The Pennant Group by 36.6% during the 4th quarter. SG Americas Securities LLC now owns 14,923 shares of the company’s stock valued at $396,000 after acquiring an additional 3,997 shares in the last quarter. Kings Path Partners LLC raised its holdings in shares of The Pennant Group by 152.9% during the fourth quarter. Kings Path Partners LLC now owns 19,610 shares of the company’s stock worth $520,000 after purchasing an additional 11,855 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of The Pennant Group by 68.4% during the third quarter. JPMorgan Chase & Co. now owns 205,922 shares of the company’s stock worth $7,351,000 after purchasing an additional 83,664 shares during the period. Principal Financial Group Inc. lifted its position in shares of The Pennant Group by 14.5% in the 3rd quarter. Principal Financial Group Inc. now owns 12,626 shares of the company’s stock worth $451,000 after buying an additional 1,597 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of The Pennant Group by 26.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,347 shares of the company’s stock valued at $638,000 after buying an additional 3,859 shares during the period. Institutional investors and hedge funds own 85.88% of the company’s stock.

Analysts Set New Price Targets

PNTG has been the topic of a number of recent research reports. Stephens reissued an “overweight” rating and issued a $40.00 target price on shares of The Pennant Group in a report on Wednesday, October 9th. Wells Fargo & Company started coverage on The Pennant Group in a report on Thursday, December 19th. They issued an “equal weight” rating and a $33.00 price target on the stock. Oppenheimer upped their price objective on The Pennant Group from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Royal Bank of Canada raised their target price on The Pennant Group from $26.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Truist Financial lowered their price target on shares of The Pennant Group from $38.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, The Pennant Group has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

The Pennant Group Stock Down 1.6 %

Shares of The Pennant Group stock opened at $27.47 on Thursday. The Pennant Group, Inc. has a 1-year low of $14.84 and a 1-year high of $37.13. The company has a market capitalization of $943.59 million, a P/E ratio of 40.40, a PEG ratio of 2.43 and a beta of 1.93. The business’s fifty day moving average price is $28.69 and its two-hundred day moving average price is $30.84. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.12 and a quick ratio of 1.12.

About The Pennant Group

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.