US Bancorp DE Has $207,000 Stock Holdings in The Pennant Group, Inc. (NASDAQ:PNTG)

US Bancorp DE lowered its position in The Pennant Group, Inc. (NASDAQ:PNTG) by 8.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,806 shares of the company’s stock after selling 523 shares during the quarter. US Bancorp DE’s holdings in The Pennant Group were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. 8 Knots Management LLC increased its holdings in The Pennant Group by 34.0% in the first quarter. 8 Knots Management LLC now owns 2,462,553 shares of the company’s stock valued at $48,340,000 after purchasing an additional 625,061 shares during the period. Vanguard Group Inc. lifted its stake in shares of The Pennant Group by 4.3% in the first quarter. Vanguard Group Inc. now owns 1,859,679 shares of the company’s stock worth $36,505,000 after acquiring an additional 77,052 shares during the period. First Eagle Investment Management LLC increased its position in The Pennant Group by 2.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 391,748 shares of the company’s stock valued at $9,085,000 after purchasing an additional 8,000 shares during the period. Hillsdale Investment Management Inc. lifted its position in shares of The Pennant Group by 8.2% in the 1st quarter. Hillsdale Investment Management Inc. now owns 352,292 shares of the company’s stock worth $6,915,000 after purchasing an additional 26,670 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of The Pennant Group by 17.1% during the second quarter. Renaissance Technologies LLC now owns 267,300 shares of the company’s stock worth $6,199,000 after buying an additional 39,000 shares during the period. 85.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PNTG. Royal Bank of Canada lifted their price objective on The Pennant Group from $26.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Stephens reissued an “overweight” rating and issued a $40.00 price target on shares of The Pennant Group in a research note on Wednesday, October 9th. 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 research note on Monday, October 7th. Finally, Oppenheimer increased their target price on shares of The Pennant Group from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

The Pennant Group Stock Down 2.7 %

The Pennant Group stock opened at $31.90 on Friday. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 46.99, a price-to-earnings-growth ratio of 3.47 and a beta of 2.02. The firm’s fifty day moving average price is $33.79 and its two-hundred day moving average price is $28.77. The Pennant Group, Inc. has a 1-year low of $12.65 and a 1-year high of $37.13. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.58.

The Pennant Group 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.