SG Americas Securities LLC Invests $107,000 in The Pennant Group, Inc. (NASDAQ:PNTG)

SG Americas Securities LLC bought a new stake in The Pennant Group, Inc. (NASDAQ:PNTG) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 7,670 shares of the company’s stock, valued at approximately $107,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its position in shares of The Pennant Group by 34.8% in the first quarter. Captrust Financial Advisors now owns 4,098 shares of the company’s stock worth $76,000 after acquiring an additional 1,057 shares during the period. Quantbot Technologies LP purchased a new position in The Pennant Group during the first quarter worth approximately $79,000. Tower Research Capital LLC TRC grew its holdings in The Pennant Group by 217.0% in the third quarter. Tower Research Capital LLC TRC now owns 4,464 shares of the company’s stock valued at $46,000 after purchasing an additional 3,056 shares during the period. Allspring Global Investments Holdings LLC increased its position 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 valued at $61,000 after buying an additional 944 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of The Pennant Group by 23.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,210 shares of the company’s stock valued at $68,000 after buying an additional 1,162 shares in the last quarter. 85.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. 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. Truist Financial lifted their target price on shares of The Pennant Group from $16.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Finally, Stephens upgraded shares of The Pennant Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $14.00 to $18.00 in a research report on Friday, January 5th.

The Pennant Group Stock Performance

Shares of NASDAQ:PNTG opened at $20.30 on Friday. The business’s 50 day moving average price is $18.75 and its 200-day moving average price is $15.28. The Pennant Group, Inc. has a 1 year low of $10.31 and a 1 year high of $20.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $616.92 million, a PE ratio of 46.14, a P/E/G ratio of 2.11 and a beta of 2.06.

The Pennant Group (NASDAQ:PNTG) last announced its earnings results on Wednesday, February 28th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $145.95 million for the quarter, compared to analyst estimates 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 period last year, the firm earned $0.15 EPS. As a group, equities research analysts expect 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.