Susquehanna International Group LLP Has $634,000 Stake in The Pennant Group, Inc. $PNTG

Susquehanna International Group LLP trimmed its holdings in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 70.1% in the second quarter, HoldingsChannel reports. The firm owned 17,151 shares of the company’s stock after selling 40,215 shares during the period. Susquehanna International Group LLP’s holdings in The Pennant Group were worth $634,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of The Pennant Group during the second quarter valued at approximately $109,340,000. Turtle Creek Asset Management Inc. raised its position in The Pennant Group by 12,075.6% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,582,823 shares of the company’s stock worth $48,244,000 after purchasing an additional 1,569,823 shares during the last quarter. Paradigm Capital Management Inc. NY acquired a new position in The Pennant Group during the 2nd quarter worth $51,833,000. Wasatch Advisors LP boosted its position in The Pennant Group by 143.2% in the 1st quarter. Wasatch Advisors LP now owns 1,418,687 shares of the company’s stock valued at $43,242,000 after buying an additional 835,227 shares during the last quarter. Finally, Boone Capital Management LLC bought a new position in The Pennant Group in the 2nd quarter valued at $19,059,000. Institutional investors and hedge funds own 85.88% of the company’s stock.

The Pennant Group Price Performance

Shares of PNTG opened at $36.76 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.48. The Pennant Group, Inc. has a 1 year low of $22.25 and a 1 year high of $42.69. The stock has a market cap of $1.28 billion, a P/E ratio of 40.84, a price-to-earnings-growth ratio of 2.42 and a beta of 1.26. The stock’s 50-day moving average price is $39.08 and its two-hundred day moving average price is $34.73.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $297.98 million during the quarter, compared to analysts’ expectations of $288.71 million. The Pennant Group had a return on equity of 10.33% and a net margin of 2.93%.The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. On average, equities analysts predict that The Pennant Group, Inc. will post 1.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PNTG shares. Truist Financial boosted their target price on The Pennant Group from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Wells Fargo & Company lifted their price objective on The Pennant Group from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Weiss Ratings raised The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 19th. Royal Bank Of Canada raised their target price on shares of The Pennant Group from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

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.