8 Knots Management LLC Sells 911,251 Shares of The Pennant Group, Inc. $PNTG

8 Knots Management LLC trimmed its holdings in The Pennant Group, Inc. (NASDAQ:PNTG) by 34.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,741,555 shares of the company’s stock after selling 911,251 shares during the period. The Pennant Group makes up about 5.0% of 8 Knots Management LLC’s holdings, making the stock its 10th largest holding. 8 Knots Management LLC owned approximately 5.03% of The Pennant Group worth $43,922,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van Berkom & Associates Inc. lifted its stake in shares of The Pennant Group by 10.1% in the 3rd quarter. Van Berkom & Associates Inc. now owns 3,112,812 shares of the company’s stock valued at $78,505,000 after purchasing an additional 284,856 shares during the last quarter. Ophir Asset Management Pty Ltd increased its position in shares of The Pennant Group by 403.9% during the 2nd quarter. Ophir Asset Management Pty Ltd now owns 1,048,759 shares of the company’s stock worth $31,305,000 after purchasing an additional 840,642 shares during the last quarter. Geode Capital Management LLC increased its position in shares of The Pennant Group by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 832,481 shares of the company’s stock worth $24,853,000 after purchasing an additional 36,357 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in The Pennant Group by 8.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 805,992 shares of the company’s stock valued at $20,327,000 after buying an additional 60,784 shares during the period. Finally, WCM Investment Management LLC acquired a new position in The Pennant Group in the third quarter valued at about $16,100,000. Institutional investors and hedge funds own 85.88% of the company’s stock.

The Pennant Group Trading Down 3.5%

NASDAQ PNTG opened at $32.89 on Friday. 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 firm has a market cap of $1.14 billion, a price-to-earnings ratio of 39.63, a PEG ratio of 2.28 and a beta of 1.23. The firm has a 50 day simple moving average of $30.85 and a 200-day simple moving average of $27.79. The Pennant Group, Inc. has a one year low of $21.73 and a one year high of $35.00.

The Pennant Group (NASDAQ:PNTG) last announced its earnings results on Wednesday, February 25th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. The Pennant Group had a net margin of 3.12% and a return on equity of 10.10%. The firm had revenue of $289.32 million for 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. Equities research analysts anticipate that The Pennant Group, Inc. will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on PNTG shares. Wells Fargo & Company increased their target price on shares of The Pennant Group from $31.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Truist Financial raised shares of The Pennant Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $28.00 to $34.00 in a research note on Tuesday, December 2nd. Zacks Research lowered shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Wall Street Zen raised shares of The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings upgraded shares of The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, The Pennant Group presently has a consensus 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.