The Pennant Group (NASDAQ:PNTG) Earns “Overweight” Rating from Stephens

Stephens restated their overweight rating on shares of The Pennant Group (NASDAQ:PNTG) in a research note published on Tuesday, Benzinga reports. The brokerage currently has a $23.00 price target on the stock.

A number of other equities research analysts also recently weighed in on the company. Oppenheimer raised their price objective on The Pennant Group from $18.00 to $22.00 and gave the company an outperform rating in a research report on Friday, March 1st. Truist Financial raised their price target on shares of The Pennant Group from $16.00 to $21.00 and gave the company a hold rating in a report on Friday, March 1st.

The Pennant Group Stock Performance

Shares of The Pennant Group stock opened at $20.91 on Tuesday. The Pennant Group has a 12 month low of $10.31 and a 12 month high of $22.00. The stock’s fifty day moving average price is $19.87 and its 200-day moving average price is $16.18. The firm has a market cap of $627.51 million, a P/E ratio of 47.52, a P/E/G ratio of 2.26 and a beta of 2.01. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.44.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business had revenue of $145.95 million for the quarter, compared to the consensus estimate of $136.79 million. The Pennant Group had a net margin of 2.46% and a return on equity of 12.78%. During the same quarter in the prior year, the business posted $0.15 earnings per share. On average, equities research analysts expect that The Pennant Group will post 0.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in The Pennant Group by 21.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,443 shares of the company’s stock worth $61,000 after buying an additional 944 shares during the last quarter. Rice Hall James & Associates LLC lifted its position in The Pennant Group by 0.5% during the third quarter. Rice Hall James & Associates LLC now owns 252,958 shares of the company’s stock valued at $2,815,000 after purchasing an additional 1,295 shares during the period. Corton Capital Inc. boosted its holdings in The Pennant Group by 21.6% in the third quarter. Corton Capital Inc. now owns 14,032 shares of the company’s stock valued at $156,000 after purchasing an additional 2,497 shares during the last quarter. AJOVista LLC acquired a new stake in The Pennant Group during the 4th quarter worth about $35,000. Finally, Teacher Retirement System of Texas grew its holdings in The Pennant Group by 9.7% during the third quarter. Teacher Retirement System of Texas now owns 37,836 shares of the company’s stock worth $421,000 after acquiring an additional 3,347 shares during the period. 85.88% of the stock is owned by institutional investors and hedge funds.

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.