Algert Global LLC Buys 336,072 Shares of The Pennant Group, Inc. $PNTG

Algert Global LLC lifted its stake in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 392.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 421,702 shares of the company’s stock after acquiring an additional 336,072 shares during the quarter. Algert Global LLC owned about 1.22% of The Pennant Group worth $10,635,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in shares of The Pennant Group during the 3rd quarter worth about $54,000. Tower Research Capital LLC TRC lifted its holdings in shares of The Pennant Group by 161.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,987 shares of the company’s stock valued at $119,000 after acquiring an additional 2,463 shares during the period. AlphaQuest LLC acquired a new stake in shares of The Pennant Group in the 3rd quarter valued at $137,000. ProShare Advisors LLC acquired a new stake in shares of The Pennant Group in the 2nd quarter valued at $207,000. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in shares of The Pennant Group by 13.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,922 shares of the company’s stock worth $236,000 after purchasing an additional 953 shares during the last quarter. 85.88% of the stock is currently owned by institutional investors and hedge funds.

The Pennant Group Stock Down 3.5%

Shares of NASDAQ:PNTG opened at $32.89 on Monday. The company has a 50 day moving average price of $30.85 and a two-hundred day moving average price of $27.82. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $1.14 billion, a PE ratio of 39.63, a PEG ratio of 2.28 and a beta of 1.23. The Pennant Group, Inc. has a 52 week low of $21.73 and a 52 week high of $35.00.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. The Pennant Group had a return on equity of 10.10% and a net margin of 3.12%.The company had revenue of $289.32 million during the quarter, compared to the consensus estimate of $275.20 million. The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. Analysts forecast that The Pennant Group, Inc. will post 0.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PNTG shares. Wells Fargo & Company boosted their price target on shares of The Pennant Group from $31.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Wall Street Zen raised The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Weiss Ratings upgraded The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. William Blair assumed coverage on The Pennant Group in a research note on Monday, December 8th. They issued an “outperform” rating for the company. Finally, Zacks Research cut The Pennant Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.60.

The Pennant Group 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.