The Pennant Group (NASDAQ:PNTG) Reaches New 12-Month High at $21.00

The Pennant Group, Inc. (NASDAQ:PNTG) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $21.00 and last traded at $20.94, with a volume of 144722 shares. The stock had previously closed at $20.30.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of The Pennant Group from $18.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Truist Financial increased their price target on shares of The Pennant Group from $16.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Finally, Stephens upgraded shares of The Pennant Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $14.00 to $18.00 in a research report on Friday, January 5th.

The Pennant Group Stock Performance

The firm has a market capitalization of $642.81 million, a PE ratio of 48.68, a P/E/G ratio of 2.20 and a beta of 2.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.12. The company’s fifty day simple moving average is $18.97 and its 200 day simple moving average is $15.48.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $145.95 million for the quarter, compared to analysts’ expectations of $136.79 million. The Pennant Group had a net margin of 2.46% and a return on equity of 12.78%. During the same period last year, the company earned $0.15 earnings per share. As a group, equities research analysts expect that The Pennant Group, Inc. will post 0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On The Pennant Group

Several institutional investors have recently added to or reduced their stakes in the business. AJOVista LLC purchased a new stake in shares of The Pennant Group in the fourth quarter worth about $35,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of The Pennant Group in the fourth quarter worth about $52,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of The Pennant Group by 21.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,443 shares of the company’s stock worth $61,000 after buying an additional 944 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of The Pennant Group in the fourth quarter worth about $107,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of The Pennant Group in the fourth quarter worth about $155,000. 85.88% of the stock is owned by hedge funds and other institutional investors.

The Pennant Group Company 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.