The Pennant Group (NASDAQ:PNTG) Upgraded by Wall Street Zen to “Buy” Rating

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

PNTG has been the topic of a number of other reports. Zacks Research downgraded shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Truist Financial raised The Pennant Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $28.00 to $34.00 in a report on Tuesday, December 2nd. William Blair began coverage on The Pennant Group in a research note on Monday, December 8th. They set an “outperform” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of The Pennant Group in a report on Monday, December 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of The Pennant Group in a report on Friday, December 19th. Six research 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.20.

The Pennant Group Trading Down 0.1%

The Pennant Group stock opened at $32.32 on Friday. The stock has a market cap of $1.12 billion, a P/E ratio of 43.09, a PEG ratio of 2.25 and a beta of 1.27. 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 has a 1 year low of $21.18 and a 1 year high of $33.04. The firm’s 50 day moving average price is $29.60 and its 200-day moving average price is $26.93.

Institutional Investors Weigh In On The Pennant Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its stake in shares of The Pennant Group by 3.9% in the 4th quarter. SG Americas Securities LLC now owns 15,926 shares of the company’s stock valued at $448,000 after purchasing an additional 600 shares during the last quarter. Quantum Portfolio Management LLC raised its holdings in The Pennant Group by 4.7% during the 2nd 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 period. Intech Investment Management LLC lifted its position in The Pennant Group by 4.8% in the second quarter. Intech Investment Management LLC now owns 17,800 shares of the company’s stock worth $531,000 after buying an additional 822 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in The Pennant Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company’s stock worth $488,000 after buying an additional 857 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in The Pennant Group by 13.7% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 7,922 shares of the company’s stock worth $236,000 after buying an additional 953 shares during the period. 85.88% of the stock is currently owned by hedge funds and other institutional investors.

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.