Riverbridge Partners LLC Has $19.83 Million Position in The Pennant Group, Inc. $PNTG

Riverbridge Partners LLC cut its stake in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 704,535 shares of the company’s stock after selling 37,519 shares during the quarter. Riverbridge Partners LLC owned approximately 2.04% of The Pennant Group worth $19,833,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Geode Capital Management LLC boosted its position in shares of The Pennant Group by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 832,481 shares of the company’s stock worth $24,853,000 after purchasing an additional 36,357 shares in the last quarter. Provident Investment Management Inc. bought a new stake in The Pennant Group in the 3rd quarter valued at about $6,685,000. Gallagher Capital Advisors LLC bought a new stake in The Pennant Group in the 3rd quarter valued at about $1,786,000. Algert Global LLC raised its stake in The Pennant Group by 392.5% during the 3rd quarter. Algert Global LLC now owns 421,702 shares of the company’s stock worth $10,635,000 after buying an additional 336,072 shares during the period. Finally, Tudor Investment Corp ET AL raised its stake in The Pennant Group by 317.4% during the 3rd quarter. Tudor Investment Corp ET AL now owns 207,220 shares of the company’s stock worth $5,226,000 after buying an additional 157,574 shares during the period. 85.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wells Fargo & Company raised their price objective on The Pennant Group from $31.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Wall Street Zen upgraded The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Truist Financial raised shares of The Pennant Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $28.00 to $34.00 in a research report on Tuesday, December 2nd. Zacks Research lowered shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Weiss Ratings upgraded shares of The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, The Pennant Group presently has an average rating of “Moderate Buy” and an average target price of $36.60.

The Pennant Group Stock Performance

Shares of PNTG opened at $30.56 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a 50 day moving average price of $31.40 and a two-hundred day moving average price of $28.25. The firm has a market capitalization of $1.06 billion, a P/E ratio of 36.82, a P/E/G ratio of 2.16 and a beta of 1.23. The Pennant Group, Inc. has a 52 week low of $21.73 and a 52 week high of $35.00.

The Pennant Group (NASDAQ:PNTG) last posted its earnings results on Wednesday, February 25th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $289.32 million for the quarter, compared to analyst estimates of $275.20 million. The Pennant Group had a return on equity of 10.10% and a net margin of 3.12%.The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. Equities analysts forecast 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.