First Eagle Investment Management LLC Increases Stake in The Pennant Group, Inc. (NASDAQ:PNTG)

First Eagle Investment Management LLC lifted its holdings in The Pennant Group, Inc. (NASDAQ:PNTG) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 391,748 shares of the company’s stock after buying an additional 8,000 shares during the period. First Eagle Investment Management LLC owned approximately 1.30% of The Pennant Group worth $9,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PNTG. Principal Financial Group Inc. increased its position in The Pennant Group by 9.9% during the second quarter. Principal Financial Group Inc. now owns 11,029 shares of the company’s stock worth $256,000 after purchasing an additional 991 shares during the last quarter. Covestor Ltd increased its holdings in shares of The Pennant Group by 3,805.6% during the 1st quarter. Covestor Ltd now owns 1,406 shares of the company’s stock worth $28,000 after buying an additional 1,370 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of The Pennant Group by 17.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 17,486 shares of the company’s stock valued at $406,000 after buying an additional 2,549 shares during the period. Rhumbline Advisers lifted its holdings in The Pennant Group by 8.9% in the second quarter. Rhumbline Advisers now owns 44,239 shares of the company’s stock valued at $1,026,000 after acquiring an additional 3,611 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its position in The Pennant Group by 16.1% in the first quarter. Los Angeles Capital Management LLC now owns 68,421 shares of the company’s stock worth $1,343,000 after acquiring an additional 9,480 shares during the period. Institutional investors and hedge funds own 85.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PNTG shares. Truist Financial upped their price target on The Pennant Group from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Oppenheimer upped their target price on shares of The Pennant Group from $28.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Finally, Stephens increased their target price on shares of The Pennant Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th.

The Pennant Group Trading Up 1.8 %

Shares of NASDAQ PNTG opened at $35.61 on Friday. 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 capitalization of $1.07 billion, a PE ratio of 65.94, a PEG ratio of 3.42 and a beta of 2.01. The Pennant Group, Inc. has a twelve month low of $10.31 and a twelve month high of $36.25. The stock has a fifty day simple moving average of $31.17 and a 200-day simple moving average of $24.91.

The Pennant Group (NASDAQ:PNTG) last released its earnings results on Tuesday, August 6th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $168.75 million during the quarter, compared to the consensus estimate of $156.71 million. The Pennant Group had a return on equity of 13.74% and a net margin of 3.16%. On average, equities analysts forecast that The Pennant Group, Inc. will post 0.75 earnings per share for the current 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.