Ancora Advisors LLC Has $5.18 Million Stock Position in The Pennant Group, Inc. (NASDAQ:PNTG)

Ancora Advisors LLC reduced its stake in shares of The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 195,474 shares of the company's stock after selling 34,055 shares during the quarter. Ancora Advisors LLC owned 0.57% of The Pennant Group worth $5,184,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Summit Investment Advisors Inc. grew its holdings in The Pennant Group by 20.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,414 shares of the company's stock valued at $91,000 after buying an additional 575 shares in the last quarter. Corebridge Financial Inc. boosted its holdings in The Pennant Group by 6.2% in the fourth quarter. Corebridge Financial Inc. now owns 16,227 shares of the company's stock worth $430,000 after acquiring an additional 954 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of The Pennant Group by 13.0% in the 4th quarter. Arizona State Retirement System now owns 9,773 shares of the company's stock worth $259,000 after buying an additional 1,121 shares during the last quarter. Hillsdale Investment Management Inc. lifted its holdings in The Pennant Group by 0.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 190,882 shares of the company's stock valued at $5,062,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of The Pennant Group by 10.9% during the fourth quarter. Principal Financial Group Inc. now owns 14,000 shares of the company's stock valued at $371,000 after purchasing an additional 1,374 shares in the last quarter. Institutional investors and hedge funds own 85.88% of the company's stock.

The Pennant Group Trading Up 3.4 %

The Pennant Group stock traded up $0.92 during midday trading on Wednesday, reaching $27.76. The stock had a trading volume of 404,752 shares, compared to its average volume of 225,274. The firm has a market cap of $963.88 million, a price-to-earnings ratio of 40.82, a PEG ratio of 2.24 and a beta of 1.56. The Pennant Group, Inc. has a twelve month low of $20.91 and a twelve month high of $37.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.12 and a quick ratio of 1.12. The firm's fifty day simple moving average is $24.71 and its two-hundred day simple moving average is $27.48.

Analyst Ratings Changes

PNTG has been the subject of a number of recent research reports. Truist Financial reduced their target price on shares of The Pennant Group from $32.00 to $28.00 and set a "hold" rating for the company in a report on Friday, March 7th. Stephens reiterated an "overweight" rating and set a $38.00 price target on shares of The Pennant Group in a research note on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, The Pennant Group has an average rating of "Moderate Buy" and a consensus price target of $34.80.

The Pennant Group Profile

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.