The Pennant Group, Inc. (NASDAQ:PNTG) Shares Purchased by Creative Planning

Creative Planning grew its stake in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 2.0% in the second quarter, Holdings Channel.com reports. The fund owned 19,152 shares of the company’s stock after buying an additional 373 shares during the quarter. Creative Planning’s holdings in The Pennant Group were worth $444,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of PNTG. Quadrature Capital Ltd acquired a new stake in The Pennant Group during the 4th quarter worth about $288,000. Los Angeles Capital Management LLC boosted its stake in shares of The Pennant Group by 16.1% during the 1st quarter. Los Angeles Capital Management LLC now owns 68,421 shares of the company’s stock valued at $1,343,000 after buying an additional 9,480 shares during the period. Principal Financial Group Inc. purchased a new position in The Pennant Group in the first quarter valued at about $197,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of The Pennant Group by 101.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,908 shares of the company’s stock valued at $450,000 after buying an additional 11,536 shares in the last quarter. Finally, ClariVest Asset Management LLC grew its position in The Pennant Group by 14.9% in the first quarter. ClariVest Asset Management LLC now owns 87,850 shares of the company’s stock worth $1,724,000 after acquiring an additional 11,359 shares in the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Stephens reiterated an “overweight” rating and set a $40.00 price target on shares of The Pennant Group in a research note on Wednesday, October 9th. Oppenheimer boosted their target price on shares of The Pennant Group from $28.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Finally, Truist Financial upped their price target on The Pennant Group from $34.00 to $38.00 and gave the company a “hold” rating in a report on Monday, October 7th.

The Pennant Group Trading Up 0.6 %

Shares of PNTG opened at $35.01 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.05 billion, a PE ratio of 64.83, a PEG ratio of 3.48 and a beta of 2.01. The Pennant Group, Inc. has a 1 year low of $10.46 and a 1 year high of $37.13. The stock has a 50 day simple moving average of $33.30 and a 200-day simple moving average of $26.91.

The Pennant Group (NASDAQ:PNTG) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The Pennant Group had a return on equity of 13.74% and a net margin of 3.16%. The company had revenue of $168.75 million during the quarter, compared to analysts’ expectations of $156.71 million. On average, sell-side analysts predict that The Pennant Group, Inc. will post 0.75 EPS for the current fiscal year.

About The Pennant Group

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.