Teacher Retirement System of Texas Lowers Position in The Pennant Group, Inc. $PNTG

Teacher Retirement System of Texas decreased its position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 59.3% during the third quarter, Holdings Channel.com reports. The firm owned 38,251 shares of the company’s stock after selling 55,705 shares during the period. Teacher Retirement System of Texas’ holdings in The Pennant Group were worth $965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in The Pennant Group during the third quarter worth $54,000. Tower Research Capital LLC TRC raised its position in shares of The Pennant Group by 161.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,987 shares of the company’s stock worth $119,000 after acquiring an additional 2,463 shares during the period. ProShare Advisors LLC purchased a new stake in shares of The Pennant Group during the 2nd quarter worth about $207,000. Belpointe Asset Management LLC acquired a new stake in shares of The Pennant Group during the 2nd quarter valued at about $211,000. Finally, Police & Firemen s Retirement System of New Jersey grew its position in shares of The Pennant Group by 13.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,922 shares of the company’s stock valued at $236,000 after acquiring an additional 953 shares during the period. 85.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Jefferies Financial Group began coverage on The Pennant Group in a report on Friday, October 24th. They issued a “buy” rating and a $30.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of The Pennant Group in a research note on Monday, December 29th. Wall Street Zen lowered The Pennant Group from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Zacks Research cut shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of The Pennant Group in a research report on Friday, December 19th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $36.20.

The Pennant Group Stock Performance

Shares of NASDAQ:PNTG opened at $28.22 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.04 and a quick ratio of 1.04. The Pennant Group, Inc. has a 1 year low of $21.18 and a 1 year high of $31.94. The firm has a market capitalization of $976.13 million, a PE ratio of 37.63, a P/E/G ratio of 1.92 and a beta of 1.27. The business’s 50 day moving average price is $28.93 and its 200-day moving average price is $26.14.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The Pennant Group had a return on equity of 9.37% and a net margin of 3.15%.The company had revenue of $229.04 million for the quarter, compared to analyst estimates of $221.96 million. The Pennant Group has set its FY 2025 guidance at 1.140-1.180 EPS. As a group, equities research analysts expect that The Pennant Group, Inc. will post 0.75 earnings per share for the current fiscal year.

The Pennant Group Profile

The Pennant Group (NASDAQ: PNTG) is a publicly traded holding company that provides specialized services to the asset management industry. Through its operating subsidiaries, the company delivers outsourced fund administration, securities lending, prime brokerage, and capital markets solutions designed to support hedge funds, private equity firms, mutual funds and other institutional investors. By leveraging a combination of technology platforms and industry expertise, The Pennant Group helps clients streamline middle- and back-office processes, enhance operational efficiency and manage regulatory requirements.

Key service offerings include fund accounting and reporting, trade settlement and reconciliation, risk monitoring, securities lending programs and execution support across a range of asset classes.