The Pennant Group (NASDAQ:PNTG) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of The Pennant Group (NASDAQ:PNTG) from a hold rating to a buy rating in a research report sent to investors on Sunday.

PNTG has been the subject of a number of other reports. 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. Royal Bank Of Canada raised their price target on shares of The Pennant Group from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Wells Fargo & Company boosted their price objective on shares of The Pennant Group from $31.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. William Blair started coverage on shares of The Pennant Group in a research note on Monday, December 8th. They set an “outperform” rating for the company. Finally, Zacks Research lowered shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.60.

The Pennant Group Stock Performance

Shares of PNTG stock opened at $29.66 on Friday. The business has a 50-day moving average of $31.41 and a 200 day moving average of $28.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.14. The Pennant Group has a 1-year low of $21.73 and a 1-year high of $35.00. The stock has a market capitalization of $1.04 billion, a PE ratio of 35.73, a P/E/G ratio of 2.06 and a beta of 1.30.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The Pennant Group had a return on equity of 10.10% and a net margin of 3.12%.The business had revenue of $289.32 million for the quarter, compared to analysts’ expectations of $275.20 million. The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. As a group, sell-side analysts anticipate that The Pennant Group will post 0.75 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its position in shares of The Pennant Group by 154.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock valued at $33,000 after purchasing an additional 717 shares in the last quarter. Quarry LP bought a new position in The Pennant Group in the third quarter worth $37,000. State of Alaska Department of Revenue purchased a new position in The Pennant Group during the third quarter valued at $54,000. CIBC Private Wealth Group LLC lifted its position in The Pennant Group by 651.8% during the third quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock valued at $86,000 after buying an additional 2,946 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in shares of The Pennant Group by 608.7% during the 4th quarter. Quadrant Capital Group LLC now owns 3,182 shares of the company’s stock valued at $90,000 after buying an additional 2,733 shares in the last quarter. Hedge funds and other institutional investors own 85.88% of the company’s stock.

About The Pennant Group

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.