The Pennant Group (NASDAQ:PNTG) Sees Large Volume Increase – Still a Buy?

The Pennant Group, Inc. (NASDAQ:PNTG) saw an uptick in trading volume on Wednesday . 630,424 shares traded hands during trading, an increase of 127% from the previous session’s volume of 278,020 shares.The stock last traded at $41.4210 and had previously closed at $39.97.

Analyst Upgrades and Downgrades

PNTG has been the subject of several recent research reports. 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. Royal Bank Of Canada upped their price objective on The Pennant Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Weiss Ratings upgraded The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Truist Financial increased their price objective on The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Wells Fargo & Company lifted their target price on The Pennant Group from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.60.

The Pennant Group Trading Down 5.8%

The company’s fifty day moving average is $39.53 and its two-hundred day moving average is $35.38. 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 stock has a market cap of $1.40 billion, a price-to-earnings ratio of 44.48, a PEG ratio of 2.77 and a beta of 1.27.

The Pennant Group (NASDAQ:PNTG) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.36 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $288.71 million. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. On average, research analysts predict that The Pennant Group, Inc. will post 1.18 EPS for the current fiscal year.

Hedge Funds Weigh In On The Pennant Group

Large investors have recently bought and sold shares of the business. Nykredit A S purchased a new position in shares of The Pennant Group in the 2nd quarter valued at about $29,000. Caitong International Asset Management Co. Ltd lifted its stake 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. Parallel Advisors LLC lifted its stake 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 purchasing an additional 1,258 shares during the last quarter. GAMMA Investing LLC boosted its holdings in 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, Fifth Third Bancorp boosted its holdings in The Pennant Group by 548.9% in the first quarter. Fifth Third Bancorp now owns 6,807 shares of the company’s stock valued at $207,000 after purchasing an additional 5,758 shares in the last quarter. Hedge funds and other institutional investors own 85.88% of the company’s stock.

The Pennant Group Company Profile

The Pennant Group, Inc is a healthcare services company that operates home health, hospice and personal care businesses, as well as senior living communities. Its services are designed to support older adults and other patients in their homes, residential settings and communities, with offerings that may include skilled nursing, therapy, hospice care, assisted living and memory care.

The company serves patients and residents through a network of affiliated operating companies and communities across multiple U.S.