Manatuck Hill Partners LLC Makes New $2.22 Million Investment in The Pennant Group, Inc. $PNTG

Manatuck Hill Partners LLC purchased a new stake in The Pennant Group, Inc. (NASDAQ:PNTG) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 60,000 shares of the company’s stock, valued at approximately $2,217,000.

Other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of The Pennant Group by 154.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock worth $33,000 after buying an additional 717 shares during the last quarter. Quarry LP acquired a new position in The Pennant Group in the third quarter valued at $37,000. Parallel Advisors LLC boosted its holdings in The Pennant Group by 1,186.8% in the first quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock valued at $42,000 after acquiring an additional 1,258 shares during the last quarter. GAMMA Investing LLC grew its position in The Pennant Group by 34.6% during the second quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock valued at $58,000 after acquiring an additional 403 shares during the period. Finally, CIBC Private Wealth Group LLC grew 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 acquiring an additional 2,946 shares during the period. 85.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PNTG. Truist Financial lifted their price objective on The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Wells Fargo & Company increased their target price on shares of The Pennant Group from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Royal Bank Of Canada lifted their price target on shares of The Pennant Group from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Finally, Weiss Ratings upgraded shares of The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

The Pennant Group Stock Performance

The Pennant Group stock opened at $38.25 on Wednesday. The Pennant Group, Inc. has a 12-month low of $22.25 and a 12-month high of $42.69. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 42.50, a price-to-earnings-growth ratio of 2.54 and a beta of 1.26. The firm’s fifty day moving average price is $38.78 and its 200 day moving average price is $34.53.

The Pennant Group (NASDAQ:PNTG) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The Pennant Group had a net margin of 2.93% and a return on equity of 10.33%. The company had revenue of $297.98 million during the quarter, compared to analysts’ expectations of $288.71 million. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. On average, research analysts forecast that The Pennant Group, Inc. will post 1.18 EPS 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.