The Pennant Group’s (PNTG) Overweight Rating Reiterated at Stephens

The Pennant Group (NASDAQ:PNTG)‘s stock had its “overweight” rating restated by research analysts at Stephens in a note issued to investors on Tuesday, Benzinga reports. They presently have a $23.00 price objective on the stock. Stephens’ target price points to a potential upside of 3.88% from the stock’s previous close.

Several other research analysts have also recently commented on PNTG. Oppenheimer raised their target price on shares of The Pennant Group from $18.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Truist Financial lifted their price objective on shares of The Pennant Group from $16.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, March 1st.

The Pennant Group Price Performance

Shares of NASDAQ:PNTG opened at $22.14 on Tuesday. The company has a market capitalization of $664.42 million, a PE ratio of 50.32, a price-to-earnings-growth ratio of 2.26 and a beta of 2.01. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a fifty day moving average of $19.87 and a 200-day moving average of $16.18. The Pennant Group has a one year low of $10.31 and a one year high of $22.19.

The Pennant Group (NASDAQ:PNTG) last announced its earnings results on Wednesday, February 28th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The Pennant Group had a net margin of 2.46% and a return on equity of 12.78%. The company had revenue of $145.95 million for the quarter, compared to analysts’ expectations of $136.79 million. During the same period in the prior year, the company earned $0.15 earnings per share. As a group, equities analysts anticipate that The Pennant Group will post 0.73 EPS for the current fiscal year.

Institutional Trading of The Pennant Group

Several institutional investors have recently made changes to their positions in PNTG. Sei Investments Co. increased its stake in The Pennant Group by 679.7% in the 1st quarter. Sei Investments Co. now owns 136,026 shares of the company’s stock valued at $2,670,000 after buying an additional 118,581 shares during the period. ClariVest Asset Management LLC grew its holdings in shares of The Pennant Group by 14.9% during the 1st quarter. ClariVest Asset Management LLC now owns 87,850 shares of the company’s stock valued at $1,724,000 after acquiring an additional 11,359 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of The Pennant Group by 101.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,908 shares of the company’s stock worth $450,000 after acquiring an additional 11,536 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of The Pennant Group during the first quarter worth $197,000. Finally, Peregrine Capital Management LLC acquired a new stake in The Pennant Group during the first quarter valued at $6,403,000. 85.88% of the stock is currently owned by institutional investors and hedge funds.

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.