The Pennant Group, Inc. (NASDAQ:PNTG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

The Pennant Group, Inc. (NASDAQ:PNTG) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $36.20.

Several research firms have recently weighed in on PNTG. William Blair initiated coverage on The Pennant Group in a research report on Monday, December 8th. They issued an “outperform” rating on the stock. Zacks Research downgraded The Pennant Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of The Pennant Group in a research note on Friday, December 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of The Pennant Group in a research report on Monday, December 29th. Finally, Truist Financial raised shares of The Pennant Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $28.00 to $34.00 in a research note on Tuesday, December 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new position in The Pennant Group during the third quarter worth $37,000. State of Alaska Department of Revenue purchased a new position in shares of The Pennant Group during the 3rd quarter worth $54,000. CIBC Private Wealth Group LLC boosted its position in shares of The Pennant Group by 651.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock valued at $86,000 after acquiring an additional 2,946 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of The Pennant Group by 608.7% in the fourth quarter. Quadrant Capital Group LLC now owns 3,182 shares of the company’s stock valued at $90,000 after purchasing an additional 2,733 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in 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 worth $119,000 after purchasing an additional 2,463 shares during the last quarter. 85.88% of the stock is currently owned by institutional investors and hedge funds.

The Pennant Group Stock Down 1.8%

PNTG stock opened at $31.98 on Wednesday. The Pennant Group has a 52 week low of $21.18 and a 52 week high of $33.04. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.08. The firm has a 50-day simple moving average of $29.70 and a 200-day simple moving average of $27.07. The stock has a market capitalization of $1.11 billion, a P/E ratio of 42.64, a P/E/G ratio of 2.26 and a beta of 1.27.

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.