Deutsche Bank AG Trims Stock Holdings in The Pennant Group, Inc. $PNTG

Deutsche Bank AG decreased its stake in The Pennant Group, Inc. (NASDAQ:PNTG) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,700 shares of the company’s stock after selling 2,586 shares during the quarter. Deutsche Bank AG owned approximately 0.33% of The Pennant Group worth $2,860,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NBC Securities Inc. purchased a new stake in The Pennant Group in the first quarter worth about $25,000. Turtle Creek Asset Management Inc. increased 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 worth $66,000 after buying an additional 1,500 shares in the last quarter. Quarry LP increased 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 worth $72,000 after buying an additional 1,691 shares in the last quarter. Summit Investment Advisors Inc. increased 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 worth $91,000 after buying an additional 575 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado purchased a new stake in The Pennant Group in the fourth quarter worth about $122,000. Hedge funds and other institutional investors own 85.88% of the company’s stock.

Analyst Upgrades and Downgrades

PNTG has been the subject of several research analyst reports. Wells Fargo & Company cut their target price on The Pennant Group from $31.00 to $29.00 and set an “equal weight” rating for the company in a research report on Thursday, August 14th. Stephens reiterated an “overweight” rating and set a $35.00 target price on shares of The Pennant Group in a research report on Tuesday, June 10th. Truist Financial cut their target price on The Pennant Group from $32.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, July 16th. Finally, Wall Street Zen upgraded The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $33.40.

The Pennant Group Price Performance

Shares of The Pennant Group stock opened at $25.00 on Wednesday. The stock has a 50 day moving average of $25.56 and a 200 day moving average of $25.93. The Pennant Group, Inc. has a 12 month low of $21.18 and a 12 month high of $37.13. The firm has a market cap of $864 million, a PE ratio of 32.05, a PEG ratio of 2.07 and a beta of 1.48. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11.

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.