Deutsche Bank AG Invests $5.13 Million in The Pennant Group, Inc. $PNTG

Deutsche Bank AG purchased a new position in The Pennant Group, Inc. (NASDAQ:PNTG) during the second quarter, HoldingsChannel reports. The fund purchased 138,877 shares of the company’s stock, valued at approximately $5,132,000.

Several other hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised 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 worth $33,000 after purchasing an additional 717 shares during the last quarter. Quarry LP acquired a new stake in The Pennant Group in the 3rd quarter valued at about $37,000. Parallel Advisors LLC raised its position in The Pennant Group by 1,186.8% during the first quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock worth $42,000 after acquiring an additional 1,258 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of The Pennant Group by 34.6% in the second quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock valued at $58,000 after purchasing an additional 403 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of The Pennant Group by 651.8% in the third quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock valued at $86,000 after purchasing an additional 2,946 shares in the last quarter. 85.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

The Pennant Group Trading Up 0.0%

NASDAQ PNTG opened at $38.89 on Tuesday. The company has a market cap of $1.36 billion, a P/E ratio of 43.21, a P/E/G ratio of 2.53 and a beta of 1.26. The Pennant Group, Inc. has a 12 month low of $22.25 and a 12 month high of $42.69. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.20 and a quick ratio of 1.20. The company has a 50-day moving average of $38.69 and a 200-day moving average of $34.47.

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

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.