Persistent Asset Partners Ltd Sells 63,495 Shares of The Pennant Group, Inc. $PNTG

Persistent Asset Partners Ltd lowered its position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 45.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,411 shares of the company’s stock after selling 63,495 shares during the period. The Pennant Group comprises about 1.3% of Persistent Asset Partners Ltd’s investment portfolio, making the stock its 19th biggest holding. Persistent Asset Partners Ltd’s holdings in The Pennant Group were worth $1,927,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Quantum Portfolio Management LLC grew its stake in shares of The Pennant Group by 4.7% during the second quarter. Quantum Portfolio Management LLC now owns 16,049 shares of the company’s stock valued at $479,000 after buying an additional 721 shares during the last quarter. Intech Investment Management LLC raised its stake in The Pennant Group by 4.8% in the 2nd quarter. Intech Investment Management LLC now owns 17,800 shares of the company’s stock worth $531,000 after acquiring an additional 822 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in The Pennant Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company’s stock valued at $488,000 after acquiring an additional 857 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of The Pennant Group by 13.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,922 shares of the company’s stock valued at $236,000 after buying an additional 953 shares during the period. Finally, Bosun Asset Management LLC boosted its holdings in The Pennant Group by 10.7% during the second quarter. Bosun Asset Management LLC now owns 10,960 shares of the company’s stock worth $327,000 after buying an additional 1,057 shares in the last quarter. 85.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PNTG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of The Pennant Group in a research note on Monday, December 29th. Truist Financial raised shares of The Pennant Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $28.00 to $34.00 in a research report on Tuesday, December 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of The Pennant Group in a research report on Friday, December 19th. William Blair began coverage on The Pennant Group in a research report on Monday, December 8th. They set an “outperform” rating for the company. Finally, Wall Street Zen cut shares of The Pennant Group from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.20.

The Pennant Group Price Performance

Shares of NASDAQ PNTG opened at $32.35 on Friday. The company has a market cap of $1.12 billion, a PE ratio of 43.13, a P/E/G ratio of 2.27 and a beta of 1.27. The stock has a fifty day moving average price of $29.54 and a 200 day moving average price of $26.83. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.04 and a quick ratio of 1.04. The Pennant Group, Inc. has a 1-year low of $21.18 and a 1-year high of $33.04.

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.