The Pennant Group, Inc. $PNTG Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its stake in The Pennant Group, Inc. (NASDAQ:PNTG) by 43.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,186 shares of the company’s stock after selling 51,514 shares during the quarter. Renaissance Technologies LLC’s holdings in The Pennant Group were worth $2,017,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in The Pennant Group by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 2,049,968 shares of the company’s stock valued at $57,707,000 after acquiring an additional 82,071 shares in the last quarter. Wasatch Advisors LP lifted its holdings in The Pennant Group by 143.2% in the first quarter. Wasatch Advisors LP now owns 1,418,687 shares of the company’s stock valued at $43,242,000 after acquiring an additional 835,227 shares during the period. Ophir Asset Management Pty Ltd boosted its position in The Pennant Group by 24.1% in the 4th quarter. Ophir Asset Management Pty Ltd now owns 1,326,850 shares of the company’s stock worth $37,351,000 after purchasing an additional 257,840 shares in the last quarter. Geode Capital Management LLC boosted its position in The Pennant Group by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 820,048 shares of the company’s stock worth $23,089,000 after purchasing an additional 3,875 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in The Pennant Group by 71.1% in the 4th quarter. Wellington Management Group LLP now owns 817,914 shares of the company’s stock worth $23,024,000 after purchasing an additional 339,870 shares in the last quarter. Hedge funds and other institutional investors own 85.88% of the company’s stock.

The Pennant Group Price Performance

PNTG stock opened at $38.17 on Wednesday. The Pennant Group, Inc. has a 1 year low of $22.25 and a 1 year 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 firm has a market capitalization of $1.33 billion, a PE ratio of 42.41, a price-to-earnings-growth ratio of 2.66 and a beta of 1.26. The business has a 50 day simple moving average of $37.42 and a 200-day simple moving average of $33.83.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $297.98 million for the quarter, compared to the consensus estimate of $288.71 million. The Pennant Group had a return on equity of 10.33% and a net margin of 2.93%.The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. Equities research analysts anticipate that The Pennant Group, Inc. will post 1.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on PNTG. Wells Fargo & Company lifted their target price on shares of The Pennant Group from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday. Wall Street Zen raised shares of The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Weiss Ratings raised shares of The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Truist Financial raised their price target on shares of The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada lifted their price objective on shares of The Pennant Group from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.20.

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.