The Pennant Group (NASDAQ:PNTG) Sets New 1-Year High at $24.07

The Pennant Group, Inc. (NASDAQ:PNTGGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $24.07 and last traded at $24.03, with a volume of 48201 shares traded. The stock had previously closed at $23.95.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Truist Financial raised their price objective on The Pennant Group from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Wednesday, May 15th. Oppenheimer increased their target price on The Pennant Group from $18.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Royal Bank of Canada lifted their price target on shares of The Pennant Group from $21.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Finally, Stephens reaffirmed an “overweight” rating and issued a $23.00 price objective on shares of The Pennant Group in a research note on Tuesday, May 7th.

Get Our Latest Report on The Pennant Group

The Pennant Group Stock Performance

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’s 50 day moving average is $21.29 and its 200-day moving average is $17.48. The firm has a market capitalization of $699.86 million, a P/E ratio of 43.13, a price-to-earnings-growth ratio of 2.43 and a beta of 2.01.

The Pennant Group (NASDAQ:PNTGGet Free Report) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The Pennant Group had a net margin of 2.86% and a return on equity of 13.42%. The business had revenue of $156.92 million during the quarter, compared to analyst estimates of $146.01 million. As a group, equities analysts anticipate that The Pennant Group, Inc. will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of The Pennant Group by 21.0% in 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 in the last quarter. Covestor Ltd boosted its stake in shares of The Pennant Group by 3,805.6% in the 1st quarter. Covestor Ltd now owns 1,406 shares of the company’s stock valued at $28,000 after purchasing an additional 1,370 shares in the last quarter. Corton Capital Inc. grew its stake in shares of The Pennant Group by 21.6% during the third quarter. Corton Capital Inc. now owns 14,032 shares of the company’s stock valued at $156,000 after buying an additional 2,497 shares during the last quarter. AJOVista LLC bought a new position in The Pennant Group during the 4th quarter worth approximately $35,000. Finally, Teacher Retirement System of Texas increased its stake in shares of The Pennant Group by 9.7% in the third quarter. Teacher Retirement System of Texas now owns 37,836 shares of the company’s stock worth $421,000 after buying an additional 3,347 shares during the period. Hedge funds and other institutional investors own 85.88% of the company’s stock.

The Pennant Group Company Profile

(Get Free Report)

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.

Further Reading

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