The Pennant Group (NASDAQ:PNTG) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of The Pennant Group (NASDAQ:PNTG) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company raised their target price on shares of The Pennant Group from $31.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Royal Bank Of Canada boosted 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. Weiss Ratings raised shares of The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 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. Finally, William Blair assumed coverage on shares of The Pennant Group in a research report on Monday, December 8th. They set an “outperform” rating for the company. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, The Pennant Group presently has an average rating of “Moderate Buy” and an average target price of $36.60.

The Pennant Group Trading Up 1.0%

PNTG stock opened at $30.14 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. The Pennant Group has a twelve month low of $21.73 and a twelve month high of $35.00. The company has a market cap of $1.04 billion, a P/E ratio of 36.31, a PEG ratio of 2.07 and a beta of 1.23. The business has a fifty day moving average of $31.43 and a 200-day moving average of $28.37.

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, beating the consensus estimate of $0.31 by $0.03. The business had revenue of $289.32 million for the quarter, compared to analysts’ expectations of $275.20 million. The Pennant Group had a return on equity of 10.10% and a net margin of 3.12%.The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. As a group, equities research analysts expect that The Pennant Group will post 0.75 EPS for the current year.

Institutional Trading of The Pennant Group

A number of hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its holdings in The Pennant Group by 154.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock valued at $33,000 after purchasing an additional 717 shares during the period. Quarry LP acquired a new position in shares of The Pennant Group in the 3rd quarter valued at $37,000. State of Alaska Department of Revenue bought a new stake in shares of The Pennant Group in the 3rd quarter valued at $54,000. CIBC Private Wealth Group LLC increased its position 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. Finally, Quadrant Capital Group LLC raised its stake in The Pennant Group by 608.7% during the 4th quarter. Quadrant Capital Group LLC now owns 3,182 shares of the company’s stock worth $90,000 after buying an additional 2,733 shares during the period. 85.88% of the stock is currently owned by institutional investors and hedge funds.

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.