70,826 Shares in The Pennant Group, Inc. $PNTG Purchased by Gallagher Capital Advisors LLC

Gallagher Capital Advisors LLC bought a new stake in The Pennant Group, Inc. (NASDAQ:PNTG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 70,826 shares of the company’s stock, valued at approximately $1,786,000. The Pennant Group makes up about 1.1% of Gallagher Capital Advisors LLC’s holdings, making the stock its 27th largest holding. Gallagher Capital Advisors LLC owned 0.20% of The Pennant Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PNTG. Ranger Investment Management L.P. boosted its holdings in shares of The Pennant Group by 0.7% in the third quarter. Ranger Investment Management L.P. now owns 307,095 shares of the company’s stock valued at $7,745,000 after acquiring an additional 2,170 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in The Pennant Group by 10.1% in the third quarter. Van Berkom & Associates Inc. now owns 3,112,812 shares of the company’s stock worth $78,505,000 after purchasing an additional 284,856 shares during the period. WCM Investment Management LLC acquired a new stake in The Pennant Group in the third quarter worth approximately $16,100,000. Principal Financial Group Inc. boosted its stake in The Pennant Group by 68.3% during the 3rd quarter. Principal Financial Group Inc. now owns 23,624 shares of the company’s stock valued at $596,000 after purchasing an additional 9,583 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of The Pennant Group during the 3rd quarter valued at $137,000. 85.88% of the stock is currently owned by institutional investors.

The Pennant Group Price Performance

Shares of NASDAQ:PNTG opened at $30.80 on Tuesday. The company’s fifty day moving average is $29.11 and its two-hundred day moving average is $26.38. The company has a market cap of $1.07 billion, a P/E ratio of 41.07, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The Pennant Group, Inc. has a 12-month low of $21.18 and a 12-month high of $31.94. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.08.

Wall Street Analysts Forecast Growth

PNTG has been the subject of several research analyst reports. Wall Street Zen lowered The Pennant Group from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Jefferies Financial Group began coverage on shares of The Pennant Group in a research report on Friday, October 24th. They issued a “buy” rating and a $30.00 price target on the stock. Zacks Research lowered shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. William Blair initiated coverage on shares of The Pennant Group in a research note on Monday, December 8th. They set an “outperform” rating for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of The Pennant Group in a research report on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, The Pennant Group currently has an average rating of “Moderate Buy” and a consensus target price of $36.20.

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.