3,738 Shares in The Pennant Group, Inc. (NASDAQ:PNTG) Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale acquired a new position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 3,738 shares of the company’s stock, valued at approximately $52,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. acquired a new position in shares of The Pennant Group during the 1st quarter worth $293,000. Swiss National Bank raised its stake in shares of The Pennant Group by 8.1% during the 1st quarter. Swiss National Bank now owns 64,000 shares of the company’s stock worth $1,192,000 after buying an additional 4,800 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of The Pennant Group by 20.0% during the 1st quarter. JPMorgan Chase & Co. now owns 18,482 shares of the company’s stock worth $344,000 after buying an additional 3,084 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of The Pennant Group by 5.6% during the 1st quarter. Bank of New York Mellon Corp now owns 262,481 shares of the company’s stock worth $4,890,000 after buying an additional 13,814 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of The Pennant Group by 19.5% during the 1st quarter. US Bancorp DE now owns 12,249 shares of the company’s stock worth $229,000 after buying an additional 1,999 shares during the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.

Wall Street Analysts Forecast Growth

PNTG has been the subject of several research reports. Stephens raised The Pennant Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $14.00 to $18.00 in a research note on Friday, January 5th. Oppenheimer lifted their price target on The Pennant Group from $18.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Finally, Truist Financial lifted their price target on The Pennant Group from $16.00 to $21.00 and gave the stock a “hold” rating in a research note on Friday, March 1st.

The Pennant Group Stock Performance

The Pennant Group stock opened at $20.01 on Thursday. The stock has a market cap of $608.10 million, a PE ratio of 45.48, a P/E/G ratio of 2.10 and a beta of 2.06. The stock has a 50-day moving average price of $18.57 and a 200 day moving average price of $15.18. The Pennant Group, Inc. has a 52 week low of $10.31 and a 52 week high of $20.89. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.44.

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 analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $145.95 million for the quarter, compared to analysts’ expectations of $136.79 million. The Pennant Group had a return on equity of 12.78% and a net margin of 2.46%. During the same quarter in the prior year, the business posted $0.15 EPS. Equities research analysts predict that The Pennant Group, Inc. will post 0.73 earnings per share for the current fiscal year.

The Pennant Group 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.