The Pennant Group, Inc. (NASDAQ:PNTG) Receives Average Recommendation of “Moderate Buy” from Brokerages

The Pennant Group, Inc. (NASDAQ:PNTG – Get Rating) has earned an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $16.20.

A number of research analysts recently weighed in on PNTG shares. TheStreet raised The Pennant Group from a “d+” rating to a “c” rating in a research note on Tuesday, March 7th. Stifel Nicolaus raised The Pennant Group from a “hold” rating to a “buy” rating and raised their target price for the company from $15.00 to $16.00 in a report on Monday, February 27th. Truist Financial raised their target price on The Pennant Group from $12.00 to $15.00 and gave the company a “hold” rating in a report on Monday, February 27th. VNET Group reaffirmed a “maintains” rating on shares of The Pennant Group in a report on Tuesday, May 9th. Finally, Royal Bank of Canada lowered their target price on The Pennant Group from $18.00 to $14.00 in a report on Tuesday, May 9th.

Insider Buying and Selling at The Pennant Group

In other The Pennant Group news, Director Barry M. Smith acquired 25,536 shares of the business’s stock in a transaction on Monday, March 6th. The stock was purchased at an average price of $15.00 per share, for a total transaction of $383,040.00. Following the transaction, the director now owns 43,699 shares in the company, valued at approximately $655,485. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Barry M. Smith bought 25,536 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was bought at an average price of $15.00 per share, for a total transaction of $383,040.00. Following the completion of the transaction, the director now directly owns 43,699 shares in the company, valued at approximately $655,485. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barry M. Smith bought 4,464 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were purchased at an average price of $14.95 per share, with a total value of $66,736.80. Following the transaction, the director now owns 18,163 shares of the company’s stock, valued at $271,536.85. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 31,232 shares of company stock worth $463,378. 10.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On The Pennant Group

Institutional investors have recently made changes to their positions in the stock. Mutual of America Capital Management LLC grew its stake in The Pennant Group by 22.6% in the third quarter. Mutual of America Capital Management LLC now owns 5,584 shares of the company’s stock valued at $58,000 after acquiring an additional 1,031 shares during the period. Captrust Financial Advisors boosted its position in shares of The Pennant Group by 34.8% during the first quarter. Captrust Financial Advisors now owns 4,098 shares of the company’s stock worth $76,000 after buying an additional 1,057 shares during the period. Yousif Capital Management LLC boosted its position in shares of The Pennant Group by 4.6% during the first quarter. Yousif Capital Management LLC now owns 24,711 shares of the company’s stock worth $460,000 after buying an additional 1,095 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of The Pennant Group by 24.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,716 shares of the company’s stock worth $63,000 after buying an additional 1,136 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in The Pennant Group by 23.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,210 shares of the company’s stock worth $68,000 after acquiring an additional 1,162 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

The Pennant Group Trading Up 1.0 %

Shares of PNTG stock opened at $12.37 on Monday. The stock has a 50-day simple moving average of $12.96 and a 200 day simple moving average of $12.10. The Pennant Group has a fifty-two week low of $8.68 and a fifty-two week high of $19.48. The stock has a market capitalization of $367.88 million, a P/E ratio of 49.48, a P/E/G ratio of 1.65 and a beta of 2.08. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.44.

The Pennant Group (NASDAQ:PNTG – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $124.67 million during the quarter, compared to analyst estimates of $117.60 million. The Pennant Group had a return on equity of 13.16% and a net margin of 1.54%. On average, sell-side analysts expect that The Pennant Group will post 0.57 earnings per share for the current fiscal year.

The Pennant Group Company Profile

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The Pennant Group, Inc provides healthcare services in the United States. It operates in two segments, Home Health and Hospice Services, and Senior Living Services. The company offers home health services, including clinical services, such as nursing, speech, occupational and physical therapy, medical social work, and home health aide services; and hospice services comprising clinical care, education, and counseling services for the physical, spiritual, and psychosocial needs of terminally ill patients and their families.