Principal Financial Group Inc. Buys 1,597 Shares of The Pennant Group, Inc. (NASDAQ:PNTG)

Principal Financial Group Inc. boosted its position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 14.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,626 shares of the company’s stock after acquiring an additional 1,597 shares during the period. Principal Financial Group Inc.’s holdings in The Pennant Group were worth $451,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC grew its position in shares of The Pennant Group by 51.3% during the third quarter. FMR LLC now owns 2,528,512 shares of the company’s stock valued at $90,268,000 after purchasing an additional 856,838 shares in the last quarter. Atom Investors LP bought a new stake in The Pennant Group in the third quarter worth $3,981,000. Federated Hermes Inc. lifted its stake in The Pennant Group by 600.0% in the second quarter. Federated Hermes Inc. now owns 54,045 shares of the company’s stock worth $1,253,000 after purchasing an additional 46,324 shares during the last quarter. Renaissance Technologies LLC grew its position in The Pennant Group by 17.1% in the 2nd quarter. Renaissance Technologies LLC now owns 267,300 shares of the company’s stock valued at $6,199,000 after acquiring an additional 39,000 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of The Pennant Group by 375.0% during the third quarter. Barclays PLC now owns 49,101 shares of the company’s stock valued at $1,753,000 after purchasing an additional 38,763 shares during the period. 85.88% of the stock is owned by institutional investors.

The Pennant Group Trading Up 0.3 %

PNTG opened at $26.54 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.58. The firm has a market cap of $911.60 million, a P/E ratio of 39.03, a P/E/G ratio of 2.99 and a beta of 1.93. The business has a fifty day simple moving average of $30.28 and a 200-day simple moving average of $30.56. The Pennant Group, Inc. has a 52 week low of $14.12 and a 52 week high of $37.13.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Truist Financial lifted their price objective on shares of The Pennant Group from $34.00 to $38.00 and gave the company a “hold” rating in a report on Monday, October 7th. Royal Bank of Canada raised their price objective on The Pennant Group from $26.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Stephens reissued an “overweight” rating and set a $40.00 target price on shares of The Pennant Group in a report on Wednesday, October 9th. Wells Fargo & Company initiated coverage on The Pennant Group in a research report on Thursday, December 19th. They set an “equal weight” rating and a $33.00 price target for the company. Finally, Oppenheimer lifted their price objective on shares of The Pennant Group from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.20.

The Pennant Group Company 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.