The Pennant Group, Inc. (NASDAQ:PNTG) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 36.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,923 shares of the company’s stock after purchasing an additional 3,997 shares during the quarter. SG Americas Securities LLC’s holdings in The Pennant Group were worth $396,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. boosted its stake in The Pennant Group by 26.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,347 shares of the company’s stock worth $638,000 after buying an additional 3,859 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of The Pennant Group by 68.4% in the third quarter. JPMorgan Chase & Co. now owns 205,922 shares of the company’s stock worth $7,351,000 after acquiring an additional 83,664 shares during the last quarter. FMR LLC grew its holdings in The Pennant Group by 51.3% in 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 during the period. Barclays PLC grew its holdings in The Pennant Group by 375.0% in 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. Finally, Point72 Asset Management L.P. acquired a new position in The Pennant Group during the third quarter worth approximately $685,000. Hedge funds and other institutional investors own 85.88% of the company’s stock.

The Pennant Group Stock Performance

The Pennant Group stock opened at $26.47 on Monday. The Pennant Group, Inc. has a 52 week low of $14.84 and a 52 week 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 stock has a market cap of $909.24 million, a P/E ratio of 38.93, a price-to-earnings-growth ratio of 2.44 and a beta of 1.93. The stock has a 50 day moving average of $28.12 and a 200-day moving average of $30.93.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PNTG shares. Oppenheimer boosted their price objective on shares of The Pennant Group from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Royal Bank of Canada upped their price target on shares of The Pennant Group from $26.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company began coverage on shares of The Pennant Group in a research note on Thursday, December 19th. They set an “equal weight” rating and a $33.00 price objective on the stock. Truist Financial decreased their target price on shares of The Pennant Group from $38.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Finally, Stephens reaffirmed an “overweight” rating and set a $40.00 price target on shares of The Pennant Group in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.00.

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.