Turtle Creek Asset Management Inc. Boosts Stock Position in The Pennant Group, Inc. (NASDAQ:PNTG)

Turtle Creek Asset Management Inc. boosted its position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 150.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,500 shares of the company’s stock after buying an additional 1,500 shares during the quarter. Turtle Creek Asset Management Inc.’s holdings in The Pennant Group were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. grew its stake in shares of The Pennant Group by 26.6% during the third quarter. Franklin Resources Inc. now owns 18,347 shares of the company’s stock worth $638,000 after acquiring an additional 3,859 shares during the last quarter. SG Americas Securities LLC boosted its position in The Pennant Group by 36.6% in the 4th quarter. SG Americas Securities LLC now owns 14,923 shares of the company’s stock worth $396,000 after purchasing an additional 3,997 shares in the last quarter. Rhumbline Advisers raised its stake in shares of The Pennant Group by 6.0% during the 4th quarter. Rhumbline Advisers now owns 43,673 shares of the company’s stock worth $1,158,000 after buying an additional 2,480 shares during the period. Principal Financial Group Inc. raised its stake in shares of The Pennant Group by 10.9% during the 4th quarter. Principal Financial Group Inc. now owns 14,000 shares of the company’s stock worth $371,000 after buying an additional 1,374 shares during the period. Finally, Hussman Strategic Advisors Inc. acquired a new position in shares of The Pennant Group during the 4th quarter worth approximately $1,114,000. 85.88% of the stock is owned by hedge funds and other institutional investors.

The Pennant Group Stock Performance

Shares of PNTG stock opened at $30.22 on Friday. The Pennant Group, Inc. has a 1 year low of $21.18 and a 1 year high of $37.13. The stock has a market cap of $1.04 billion, a PE ratio of 44.44, a P/E/G ratio of 2.24 and a beta of 1.56. The stock has a fifty day moving average price of $25.70 and a 200 day moving average price of $27.23. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.12 and a current ratio of 1.12.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PNTG. Stephens reaffirmed an “overweight” rating and issued a $38.00 target price on shares of The Pennant Group in a research note on Wednesday, April 2nd. Truist Financial raised their target price on The Pennant Group from $28.00 to $32.00 and gave the company a “hold” rating in a report on Monday, May 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.60.

The Pennant Group Profile

The Pennant Group, Inc provides healthcare services in the United States. It operates in two segments, Home Health and Hospice Services, and Senior Living Services. The company offers home health services, including clinical services, such as nursing, speech, occupational and physical therapy, medical social work, and home health aide services; and hospice services comprising clinical care, education, and counseling services for the physical, spiritual, and psychosocial needs of terminally ill patients and their families.