The Pennant Group (NASDAQ:PNTG) Sets New 12-Month High – Here’s What Happened

The Pennant Group, Inc. (NASDAQ:PNTG)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $31.00 and last traded at $30.11, with a volume of 100 shares changing hands. The stock had previously closed at $30.00.

Analysts Set New Price Targets

Several analysts have commented on PNTG shares. Truist Financial upgraded 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 report on Tuesday, December 2nd. Stephens reissued an “overweight” rating and issued a $40.00 target price on shares of The Pennant Group in a research report on Thursday, October 9th. Royal Bank Of Canada restated an “outperform” rating on shares of The Pennant Group in a report on Friday, December 19th. William Blair initiated coverage on shares of The Pennant Group in a research report on Monday, December 8th. They set an “outperform” rating for the company. Finally, Wells Fargo & Company lifted their price target on shares of The Pennant Group from $31.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.20.

The Pennant Group Price Performance

The stock has a market cap of $1.06 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 2.11 and a beta of 1.28. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.08. The company’s fifty day moving average is $28.69 and its 200 day moving average is $25.99.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. The Pennant Group had a net margin of 3.15% and a return on equity of 9.37%. The company had revenue of $229.04 million during 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, sell-side analysts anticipate that The Pennant Group, Inc. will post 0.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of The Pennant Group in the third quarter worth about $37,000. State of Alaska Department of Revenue acquired a new position in The Pennant Group during the 3rd quarter worth approximately $54,000. CIBC Private Wealth Group LLC boosted its holdings in The Pennant Group by 651.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock worth $86,000 after acquiring an additional 2,946 shares during the period. Tower Research Capital LLC TRC grew its position in 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 valued at $119,000 after acquiring an additional 2,463 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in The Pennant Group in the third quarter valued at approximately $137,000. 85.88% of the stock is owned by hedge funds and other institutional investors.

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.