GSA Capital Partners LLP Sells 34,590 Shares of The Pennant Group, Inc. (NASDAQ:PNTG)

GSA Capital Partners LLP lowered its holdings in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 81.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,105 shares of the company’s stock after selling 34,590 shares during the quarter. GSA Capital Partners LLP’s holdings in The Pennant Group were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of The Pennant Group by 292.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,738 shares of the company’s stock worth $504,000 after acquiring an additional 16,200 shares during the last quarter. Bailard Inc. bought a new stake in shares of The Pennant Group in the 2nd quarter worth about $253,000. Renaissance Technologies LLC lifted its holdings in shares of The Pennant Group by 17.1% in the 2nd quarter. Renaissance Technologies LLC now owns 267,300 shares of the company’s stock worth $6,199,000 after acquiring an additional 39,000 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of The Pennant Group by 600.0% in the 2nd quarter. Federated Hermes Inc. now owns 54,045 shares of the company’s stock worth $1,253,000 after acquiring an additional 46,324 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of The Pennant Group by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 1,859,679 shares of the company’s stock worth $36,505,000 after acquiring an additional 77,052 shares during the last quarter. Institutional investors own 85.88% of the company’s stock.

Analyst Ratings Changes

PNTG has been the subject of several analyst reports. Stephens restated an “overweight” rating and issued a $40.00 target price on shares of The Pennant Group in a report on Wednesday, October 9th. Royal Bank of Canada raised their target price on shares of The Pennant Group from $26.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Oppenheimer raised their target price on shares of The Pennant Group from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Truist Financial raised their price target on shares of The Pennant Group from $34.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, October 7th.

The Pennant Group Trading Up 2.1 %

PNTG stock opened at $31.14 on Friday. The company has a market capitalization of $1.07 billion, a PE ratio of 45.79, a P/E/G ratio of 3.25 and a beta of 2.02. The Pennant Group, Inc. has a 12 month low of $13.24 and a 12 month high of $37.13. The firm’s 50-day moving average is $33.56 and its 200 day moving average is $29.21. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.12 and a quick ratio of 1.12.

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.