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

Stephens reissued their overweight rating on shares of The Pennant Group (NASDAQ:PNTG) in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a $40.00 price target on the stock.

A number of other equities analysts also recently weighed in on the company. Wall Street Zen downgraded The Pennant Group from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Wells Fargo & Company lowered their price target on The Pennant Group from $31.00 to $29.00 and set an “equal weight” rating for the company in a research note on Thursday, August 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of The Pennant Group in a research note on Saturday, September 27th. Finally, Truist Financial lowered their price target 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. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.40.

The Pennant Group Price Performance

Shares of PNTG opened at $24.35 on Thursday. The company has a market capitalization of $841.54 million, a price-to-earnings ratio of 31.22, a P/E/G ratio of 2.00 and a beta of 1.35. The Pennant Group has a fifty-two week low of $21.18 and a fifty-two week high of $36.20. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.21 and a quick ratio of 1.21. The business’s 50-day moving average is $24.77 and its 200-day moving average is $25.90.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. 8 Knots Management LLC raised its stake in shares of The Pennant Group by 23.9% in the 1st quarter. 8 Knots Management LLC now owns 3,014,023 shares of the company’s stock valued at $75,803,000 after acquiring an additional 581,313 shares in the last quarter. Van Berkom & Associates Inc. raised its stake in shares of The Pennant Group by 29.6% in the 1st quarter. Van Berkom & Associates Inc. now owns 2,849,562 shares of the company’s stock valued at $71,666,000 after acquiring an additional 651,346 shares in the last quarter. Ophir Asset Management Pty Ltd raised its stake in shares of The Pennant Group by 403.9% in the 2nd quarter. Ophir Asset Management Pty Ltd now owns 1,048,759 shares of the company’s stock valued at $31,305,000 after acquiring an additional 840,642 shares in the last quarter. Paradigm Capital Management Inc. NY raised its stake in shares of The Pennant Group by 1.7% in the 1st quarter. Paradigm Capital Management Inc. NY now owns 955,000 shares of the company’s stock valued at $24,018,000 after acquiring an additional 16,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of The Pennant Group by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 832,481 shares of the company’s stock valued at $24,853,000 after acquiring an additional 36,357 shares in the last quarter. 85.88% of the stock is owned by institutional investors.

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.