18,352 Shares in The Pennant Group, Inc. (NASDAQ:PNTG) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,352 shares of the company’s stock, valued at approximately $487,000. Proficio Capital Partners LLC owned approximately 0.05% of The Pennant Group as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in The Pennant Group by 3.0% during the fourth quarter. Bank of New York Mellon Corp now owns 110,963 shares of the company’s stock worth $2,943,000 after acquiring an additional 3,233 shares in the last quarter. Navellier & Associates Inc. raised its holdings in shares of The Pennant Group by 86.3% in the 4th quarter. Navellier & Associates Inc. now owns 45,627 shares of the company’s stock valued at $1,210,000 after purchasing an additional 21,141 shares during the period. Van Berkom & Associates Inc. raised its holdings in shares of The Pennant Group by 2,635.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 2,198,216 shares of the company’s stock valued at $58,297,000 after purchasing an additional 2,117,859 shares during the period. Hussman Strategic Advisors Inc. acquired a new stake in The Pennant Group in the 4th quarter valued at about $1,114,000. Finally, Principal Financial Group Inc. grew its holdings in The Pennant Group by 10.9% during the fourth quarter. Principal Financial Group Inc. now owns 14,000 shares of the company’s stock worth $371,000 after purchasing an additional 1,374 shares during the period. Institutional investors and hedge funds own 85.88% of the company’s stock.

Wall Street Analysts Forecast Growth

PNTG has been the subject of a number of recent analyst reports. Wells Fargo & Company began coverage on The Pennant Group in a research report on Thursday, December 19th. They issued an “equal weight” rating and a $33.00 price objective for the company. Truist Financial dropped their price target on The Pennant Group from $32.00 to $28.00 and set a “hold” rating on the stock in a research note on Friday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.20.

The Pennant Group Stock Down 3.9 %

The Pennant Group stock opened at $22.21 on Monday. The Pennant Group, Inc. has a twelve month low of $18.21 and a twelve month high of $37.13. The stock has a market cap of $764.69 million, a P/E ratio of 32.66, a P/E/G ratio of 2.24 and a beta of 2.06. The company’s 50-day moving average price is $26.18 and its two-hundred day moving average price is $30.22. The company has a quick ratio of 1.12, a current 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.