The Pennant Group (NASDAQ:PNTG) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

The Pennant Group (NASDAQ:PNTG) released its earnings results on Wednesday. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03, FiscalAI reports. The firm had revenue of $297.98 million for the quarter, compared to the consensus estimate of $288.71 million. The Pennant Group had a return on equity of 10.07% and a net margin of 2.96%. The Pennant Group updated its FY 2026 guidance to 1.340-1.410 EPS.

The Pennant Group Stock Performance

PNTG traded up $0.20 during midday trading on Wednesday, hitting $38.81. 684,556 shares of the company were exchanged, compared to its average volume of 259,656. The company’s 50 day simple moving average is $36.93 and its 200 day simple moving average is $33.56. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 45.66, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.42. The Pennant Group has a 1-year low of $21.83 and a 1-year high of $42.69.

Hedge Funds Weigh In On The Pennant Group

Several institutional investors and hedge funds have recently modified their holdings of PNTG. XTX Topco Ltd purchased a new stake in shares of The Pennant Group in the fourth quarter worth about $243,000. Wellington Management Group LLP raised its position in The Pennant Group by 71.1% during the fourth quarter. Wellington Management Group LLP now owns 817,914 shares of the company’s stock valued at $23,024,000 after acquiring an additional 339,870 shares in the last quarter. Ophir Asset Management Pty Ltd raised its position in The Pennant Group by 24.1% during the fourth quarter. Ophir Asset Management Pty Ltd now owns 1,326,850 shares of the company’s stock valued at $37,351,000 after acquiring an additional 257,840 shares in the last quarter. Millennium Management LLC lifted its holdings in The Pennant Group by 69.6% in the fourth quarter. Millennium Management LLC now owns 203,414 shares of the company’s stock valued at $5,726,000 after acquiring an additional 83,457 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in The Pennant Group by 84.7% in the fourth quarter. AQR Capital Management LLC now owns 20,595 shares of the company’s stock valued at $580,000 after acquiring an additional 9,447 shares during the period. Institutional investors and hedge funds own 85.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PNTG shares. Truist Financial boosted their price target on The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Wells Fargo & Company raised their price objective on The Pennant Group from $41.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Wall Street Zen raised The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Royal Bank Of Canada lifted their target price on The Pennant Group from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Weiss Ratings lowered The Pennant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, The Pennant Group has an average rating of “Moderate Buy” and a consensus target price of $41.00.

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.