XTX Topco Ltd Purchases New Shares in The Pennant Group, Inc. (NASDAQ:PNTG)

XTX Topco Ltd purchased a new stake in shares of The Pennant Group, Inc. (NASDAQ:PNTG) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,343 shares of the company’s stock, valued at approximately $285,000.

Several other hedge funds also recently made changes to their positions in the company. De Lisle Partners LLP boosted its holdings in The Pennant Group by 6.9% in the first quarter. De Lisle Partners LLP now owns 407,801 shares of the company’s stock worth $10,260,000 after acquiring an additional 26,339 shares in the last quarter. Premier Fund Managers Ltd bought a new stake in The Pennant Group in the first quarter worth $535,000. Mackenzie Financial Corp boosted its holdings in The Pennant Group by 25.2% in the first quarter. Mackenzie Financial Corp now owns 22,446 shares of the company’s stock worth $565,000 after acquiring an additional 4,522 shares in the last quarter. Van Berkom & Associates Inc. boosted its holdings in The Pennant Group by 29.6% in the first quarter. Van Berkom & Associates Inc. now owns 2,849,562 shares of the company’s stock worth $71,666,000 after acquiring an additional 651,346 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in The Pennant Group in the first quarter worth $428,000. 85.88% of the stock is currently owned by institutional investors.

Insider Transactions at The Pennant Group

In other The Pennant Group news, Director Joanne Stringfield sold 5,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $29.47, for a total transaction of $147,350.00. Following the sale, the director owned 30,275 shares of the company’s stock, valued at approximately $892,204.25. This trade represents a 14.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.40% of the company’s stock.

The Pennant Group Trading Up 7.8%

PNTG opened at $26.00 on Monday. The stock’s fifty day moving average is $26.04 and its two-hundred day moving average is $26.00. The company has a market capitalization of $898.56 million, a P/E ratio of 33.33, a PEG ratio of 2.21 and a beta of 1.48. The Pennant Group, Inc. has a 52 week low of $21.18 and a 52 week high of $37.13. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.11.

Analyst Ratings Changes

A number of brokerages have commented on PNTG. Wall Street Zen upgraded The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday. Truist Financial dropped their price objective on The Pennant Group from $32.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, July 16th. Stephens reaffirmed an “overweight” rating and issued a $35.00 price objective on shares of The Pennant Group in a research note on Tuesday, June 10th. Finally, Wells Fargo & Company upped their price objective on The Pennant Group from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, The Pennant Group presently has an average rating of “Moderate Buy” and a consensus price target of $33.80.

About The Pennant Group

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.