The Pennant Group, Inc. $PNTG Shares Acquired by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC increased its position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 14.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 257,510 shares of the company’s stock after purchasing an additional 31,932 shares during the quarter. Rice Hall James & Associates LLC owned 0.74% of The Pennant Group worth $7,249,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. bought a new position in shares of The Pennant Group in the 2nd quarter worth about $14,356,000. Provident Investment Management Inc. lifted its holdings in The Pennant Group by 161.0% in the fourth quarter. Provident Investment Management Inc. now owns 691,862 shares of the company’s stock worth $19,476,000 after acquiring an additional 426,797 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in The Pennant Group in the fourth quarter valued at approximately $11,023,000. Rhenman & Partners Asset Management AB bought a new position in shares of The Pennant Group during the fourth quarter valued at approximately $10,059,000. Finally, Algert Global LLC raised its position in shares of The Pennant Group by 392.5% during the 3rd quarter. Algert Global LLC now owns 421,702 shares of the company’s stock worth $10,635,000 after purchasing an additional 336,072 shares during the period. Institutional investors own 85.88% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PNTG shares. Wells Fargo & Company boosted their price objective on The Pennant Group from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Weiss Ratings cut The Pennant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Wall Street Zen downgraded shares of The Pennant Group from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Truist Financial upped their price target on shares of The Pennant Group from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. 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 research report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

The Pennant Group Price Performance

Shares of PNTG opened at $33.04 on Tuesday. The Pennant Group, Inc. has a one year low of $21.73 and a one year high of $37.54. The stock’s fifty day moving average is $32.34 and its 200-day moving average is $31.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 38.87, a price-to-earnings-growth ratio of 2.21 and a beta of 1.29.

The Pennant Group (NASDAQ:PNTG) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The Pennant Group had a net margin of 2.96% and a return on equity of 10.07%. The business had revenue of $285.36 million for the quarter, compared to analyst estimates of $280.75 million. Equities analysts anticipate that The Pennant Group, Inc. will post 1.14 EPS for the current year.

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.