UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.17 Million Position in The Pennant Group, Inc. $PNTG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 18.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 58,773 shares of the company’s stock after selling 13,627 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in The Pennant Group were worth $2,172,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PNTG. GAMMA Investing LLC grew its position in shares of The Pennant Group by 34.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock valued at $58,000 after purchasing an additional 403 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in The Pennant Group by 154.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock valued at $33,000 after buying an additional 717 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in The Pennant Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company’s stock valued at $488,000 after buying an additional 857 shares in the last quarter. Parallel Advisors LLC lifted its stake in The Pennant Group by 1,186.8% in the first quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock valued at $42,000 after buying an additional 1,258 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of The Pennant Group by 11.3% in the second quarter. The Manufacturers Life Insurance Company now owns 12,400 shares of the company’s stock valued at $370,000 after buying an additional 1,263 shares during the period. 85.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

The Pennant Group Stock Performance

Shares of PNTG stock opened at $39.20 on Friday. The company’s fifty day simple moving average is $39.46 and its 200-day simple moving average is $35.13. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.37 billion, a PE ratio of 43.56, a P/E/G ratio of 2.56 and a beta of 1.27. The Pennant Group, Inc. has a 12 month low of $22.25 and a 12 month high of $42.69.

The Pennant Group (NASDAQ:PNTG) last released its 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 business had revenue of $297.98 million during the quarter, compared to the consensus estimate of $288.71 million. The Pennant Group had a net margin of 2.93% and a return on equity of 10.33%. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. Equities research analysts expect that The Pennant Group, Inc. will post 1.18 EPS for the current fiscal 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.