The Pennant Group (NASDAQ:PNTG) Receives “Overweight” Rating from Stephens

Stephens reaffirmed their overweight rating on shares of The Pennant Group (NASDAQ:PNTG) in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a $35.00 target price on the stock.

A number of other research analysts have also issued reports on the stock. Truist Financial increased their target price on shares of The Pennant Group from $28.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, May 12th. Wells Fargo & Company increased their target price on shares of The Pennant Group from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, The Pennant Group currently has an average rating of “Moderate Buy” and an average target price of $34.60.

The Pennant Group Stock Performance

Shares of NASDAQ:PNTG opened at $28.35 on Tuesday. The company’s 50 day moving average price is $27.15 and its two-hundred day moving average price is $26.82. The Pennant Group has a 12-month low of $21.18 and a 12-month high of $37.13. The firm has a market cap of $977.20 million, a PE ratio of 41.69, a PEG ratio of 2.24 and a beta of 1.51. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.58.

Insider Buying and Selling

In other The Pennant Group news, Director Joanne Stringfield sold 5,000 shares of The Pennant Group stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $29.47, for a total value of $147,350.00. Following the transaction, the director now owns 30,275 shares in the company, valued at $892,204.25. The trade was a 14.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. NBC Securities Inc. acquired a new stake in The Pennant Group in the first quarter valued at approximately $25,000. Turtle Creek Asset Management Inc. boosted its position in The Pennant Group by 150.0% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,500 shares of the company’s stock valued at $66,000 after buying an additional 1,500 shares in the last quarter. Quarry LP boosted its position in The Pennant Group by 166.8% in the fourth quarter. Quarry LP now owns 2,705 shares of the company’s stock valued at $72,000 after buying an additional 1,691 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in The Pennant Group by 20.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,414 shares of the company’s stock valued at $91,000 after buying an additional 575 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado acquired a new stake in The Pennant Group in the fourth quarter valued at approximately $122,000. Institutional investors own 85.88% of the company’s stock.

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.