JPMorgan Chase & Co. Has $3.30 Million Stock Holdings in The Pennant Group, Inc. $PNTG

JPMorgan Chase & Co. boosted its position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 288.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,721 shares of the company’s stock after purchasing an additional 97,061 shares during the period. JPMorgan Chase & Co. owned 0.38% of The Pennant Group worth $3,297,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PNTG. Quarry LP acquired a new position in The Pennant Group in the 3rd quarter worth about $37,000. State of Alaska Department of Revenue acquired a new stake in shares of The Pennant Group during the 3rd quarter valued at about $54,000. CIBC Private Wealth Group LLC grew its stake in shares of The Pennant Group by 651.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock valued at $86,000 after buying an additional 2,946 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in The Pennant Group by 161.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,987 shares of the company’s stock worth $119,000 after buying an additional 2,463 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in The Pennant Group in the third quarter worth approximately $137,000. Hedge funds and other institutional investors own 85.88% of the company’s stock.

The Pennant Group Price Performance

NASDAQ:PNTG opened at $29.66 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.14. The Pennant Group, Inc. has a one year low of $21.73 and a one year high of $35.00. The company has a fifty day moving average price of $31.41 and a 200 day moving average price of $28.48. The stock has a market cap of $1.04 billion, a P/E ratio of 35.73, a PEG ratio of 2.06 and a beta of 1.30.

The Pennant Group (NASDAQ:PNTG) last posted 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 company had revenue of $289.32 million for the quarter, compared to analyst estimates of $275.20 million. The Pennant Group had a net margin of 3.12% and a return on equity of 10.10%. The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. Analysts anticipate that The Pennant Group, Inc. will post 0.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PNTG has been the subject of a number of analyst reports. William Blair started coverage on shares of The Pennant Group in a research note on Monday, December 8th. They issued an “outperform” rating for the company. Royal Bank Of Canada increased their price target on shares of The Pennant Group from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Wells Fargo & Company raised their price target on shares of The Pennant Group from $31.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Wall Street Zen raised shares of The Pennant Group from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings raised shares of The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.60.

About The Pennant Group

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.