The Pennant Group (NASDAQ:PNTG) Stock Rating Upgraded by Wall Street Zen

The Pennant Group (NASDAQ:PNTG) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other research analysts have also recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of The Pennant Group in a research report on Monday, December 29th. Truist Financial raised The Pennant Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $28.00 to $34.00 in a report on Tuesday, December 2nd. Wells Fargo & Company raised their price target on The Pennant Group from $31.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada restated an “outperform” rating on shares of The Pennant Group in a research report on Friday, December 19th. Finally, William Blair began coverage on shares of The Pennant Group in a report on Monday, December 8th. They set an “outperform” rating for the company. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.20.

The Pennant Group Stock Performance

Shares of The Pennant Group stock opened at $32.32 on Friday. The Pennant Group has a one year low of $21.18 and a one year high of $33.04. 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 stock’s 50-day moving average is $29.60 and its 200-day moving average is $26.97. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 43.09, a price-to-earnings-growth ratio of 2.25 and a beta of 1.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd bought a new position in shares of The Pennant Group during the 4th quarter valued at approximately $243,000. Wellington Management Group LLP lifted its position in The Pennant Group by 71.1% during the fourth quarter. Wellington Management Group LLP now owns 817,914 shares of the company’s stock valued at $23,024,000 after purchasing an additional 339,870 shares during the last quarter. Ophir Asset Management Pty Ltd raised its position in The Pennant Group by 24.1% during the fourth quarter. Ophir Asset Management Pty Ltd now owns 1,326,850 shares of the company’s stock valued at $37,351,000 after purchasing an additional 257,840 shares in the last quarter. Millennium Management LLC lifted its position in The Pennant Group by 69.6% in the 4th quarter. Millennium Management LLC now owns 203,414 shares of the company’s stock worth $5,726,000 after buying an additional 83,457 shares during the last quarter. Finally, Eversept Partners LP raised its position in The Pennant Group by 674.0% in the 4th quarter. Eversept Partners LP now owns 293,960 shares of the company’s stock worth $8,275,000 after purchasing an additional 255,980 shares during the period. Hedge funds and other institutional investors own 85.88% of the company’s stock.

The Pennant Group Company 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.