The Pennant Group (NASDAQ:PNTG) Given “Overweight” Rating at Stephens

The Pennant Group (NASDAQ:PNTG)‘s stock had its “overweight” rating reiterated by equities research analysts at Stephens in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $40.00 price objective on the stock. Stephens’ target price would suggest a potential upside of 20.12% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Truist Financial increased their price target on shares of The Pennant Group from $34.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday. Oppenheimer increased their target price on The Pennant Group from $28.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th.

The Pennant Group Stock Down 0.4 %

Shares of PNTG traded down $0.12 during trading on Wednesday, reaching $33.30. The company’s stock had a trading volume of 20,607 shares, compared to its average volume of 192,729. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 61.67, a P/E/G ratio of 3.33 and a beta of 2.01. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average of $32.80 and a two-hundred day moving average of $26.40. The Pennant Group has a twelve month low of $10.31 and a twelve month high of $37.13.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Covestor Ltd raised its stake in The Pennant Group by 3,805.6% during the first quarter. Covestor Ltd now owns 1,406 shares of the company’s stock worth $28,000 after acquiring an additional 1,370 shares during the period. USA Financial Formulas acquired a new stake in shares of The Pennant Group during the 3rd quarter worth approximately $121,000. Principal Financial Group Inc. bought a new stake in shares of The Pennant Group in the 1st quarter worth approximately $197,000. Acadian Asset Management LLC acquired a new position in The Pennant Group during the 1st quarter valued at approximately $218,000. Finally, Bailard Inc. bought a new position in The Pennant Group during the 2nd quarter worth $253,000. 85.88% of the stock is owned by institutional investors and hedge funds.

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.