Wall Street Zen Downgrades The Pennant Group (NASDAQ:PNTG) to Hold

The Pennant Group (NASDAQ:PNTG) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Friday.

PNTG has been the subject of a number of other reports. Jefferies Financial Group started coverage on shares of The Pennant Group in a research note on Friday, October 24th. They issued a “buy” rating and a $30.00 target price for the company. William Blair initiated coverage on shares of The Pennant Group in a report on Monday, December 8th. They issued an “outperform” rating for the company. Zacks Research cut shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Stephens reiterated an “overweight” rating and issued a $40.00 price objective on shares of The Pennant Group in a research report on Thursday, October 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of The Pennant Group in a research note on Monday, December 29th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.20.

The Pennant Group Trading Down 2.0%

Shares of PNTG opened at $30.53 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 2.11 and a beta of 1.28. The stock has a fifty day moving average price of $28.69 and a two-hundred day moving average price of $25.99. The Pennant Group has a 52-week low of $21.18 and a 52-week high of $31.94.

The Pennant Group (NASDAQ:PNTG) last announced its earnings results on Wednesday, November 5th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The Pennant Group had a return on equity of 9.37% and a net margin of 3.15%.The company had revenue of $229.04 million for the quarter, compared to analysts’ expectations of $221.96 million. The Pennant Group has set its FY 2025 guidance at 1.140-1.180 EPS. Analysts predict that The Pennant Group will post 0.75 EPS for the current fiscal year.

Institutional Trading of The Pennant Group

Several institutional investors and hedge funds have recently made changes to their positions in PNTG. Geode Capital Management LLC increased its position 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 buying an additional 36,357 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in The Pennant Group in the second quarter valued at about $211,000. Pinnacle Associates Ltd. bought a new stake in shares of The Pennant Group in the second quarter worth about $1,104,000. Yorktown Management & Research Co Inc acquired a new stake in shares of The Pennant Group during the second quarter worth about $293,000. Finally, Ranger Investment Management L.P. lifted its holdings in shares of The Pennant Group by 56.6% during the 2nd quarter. Ranger Investment Management L.P. now owns 304,925 shares of the company’s stock valued at $9,102,000 after purchasing an additional 110,175 shares in the last quarter. Institutional investors own 85.88% of the company’s stock.

The Pennant Group Company Profile

The Pennant Group (NASDAQ: PNTG) is a publicly traded holding company that provides specialized services to the asset management industry. Through its operating subsidiaries, the company delivers outsourced fund administration, securities lending, prime brokerage, and capital markets solutions designed to support hedge funds, private equity firms, mutual funds and other institutional investors. By leveraging a combination of technology platforms and industry expertise, The Pennant Group helps clients streamline middle- and back-office processes, enhance operational efficiency and manage regulatory requirements.

Key service offerings include fund accounting and reporting, trade settlement and reconciliation, risk monitoring, securities lending programs and execution support across a range of asset classes.