Semanteon Capital Management LP Buys Shares of 15,993 The Pennant Group, Inc. (NASDAQ:PNTG)

Semanteon Capital Management LP bought a new stake in The Pennant Group, Inc. (NASDAQ:PNTG) in the fourth quarter, HoldingsChannel reports. The fund bought 15,993 shares of the company’s stock, valued at approximately $223,000.

Other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new stake in shares of The Pennant Group in the fourth quarter valued at about $52,000. Allspring Global Investments Holdings LLC raised its holdings in The Pennant Group by 21.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,443 shares of the company’s stock worth $61,000 after acquiring an additional 944 shares in the last quarter. SG Americas Securities LLC bought a new stake in The Pennant Group during the fourth quarter worth about $107,000. Mackenzie Financial Corp bought a new stake in The Pennant Group during the fourth quarter worth about $155,000. Finally, Corton Capital Inc. raised its holdings in The Pennant Group by 21.6% during the third quarter. Corton Capital Inc. now owns 14,032 shares of the company’s stock worth $156,000 after acquiring an additional 2,497 shares in the last quarter. 85.88% of the stock is currently owned by institutional investors.

The Pennant Group Price Performance

The Pennant Group stock opened at $20.78 on Friday. The Pennant Group, Inc. has a 12 month low of $10.31 and a 12 month high of $21.45. The stock’s 50 day moving average is $19.24 and its 200-day moving average is $15.61. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $623.61 million, a price-to-earnings ratio of 47.23, a PEG ratio of 2.14 and a beta of 2.06.

The Pennant Group (NASDAQ:PNTG) last posted its earnings results on Wednesday, February 28th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $145.95 million during the quarter, compared to analyst estimates 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 in the previous year, the company posted $0.15 EPS. Equities research analysts expect that The Pennant Group, Inc. will post 0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

PNTG has been the topic of several analyst reports. Stephens upgraded The Pennant Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $14.00 to $18.00 in a report on Friday, January 5th. Oppenheimer boosted their price target on The Pennant Group from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Finally, Truist Financial boosted their price target on The Pennant Group from $16.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, March 1st.

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.