The Pennant Group, Inc. (NASDAQ:PNTG) Shares Sold by Ancora Advisors LLC

Ancora Advisors LLC decreased its position 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 disclosure with the Securities & Exchange Commission. The firm owned 195,474 shares of the company's stock after selling 34,055 shares during the period. 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 and hedge funds also recently added to or reduced their stakes in the company. Freestone Grove Partners LP purchased a new position in The Pennant Group during the 4th quarter worth $305,000. 8 Knots Management LLC grew its stake in shares of The Pennant Group by 1.5% in the 4th quarter. 8 Knots Management LLC now owns 2,432,710 shares of the company's stock valued at $64,515,000 after purchasing an additional 35,975 shares during the last quarter. Northern Trust Corp increased its holdings in shares of The Pennant Group by 22.5% in the fourth quarter. Northern Trust Corp now owns 424,880 shares of the company's stock valued at $11,268,000 after purchasing an additional 77,980 shares during the period. Public Employees Retirement Association of Colorado purchased a new stake in shares of The Pennant Group during the fourth quarter worth approximately $122,000. Finally, Quarry LP lifted its holdings in shares of The Pennant Group by 166.8% during the fourth quarter. Quarry LP now owns 2,705 shares of the company's stock worth $72,000 after purchasing an additional 1,691 shares during the period. Hedge funds and other institutional investors own 85.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PNTG. Truist Financial cut their price objective on shares of The Pennant Group from $32.00 to $28.00 and set a "hold" rating for the company in a research report on Friday, March 7th. Stephens restated an "overweight" rating and issued a $38.00 price objective on shares of The Pennant Group in a research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.80.

The Pennant Group Price Performance

Shares of NASDAQ:PNTG traded up $0.23 during trading on Friday, hitting $28.40. 266,426 shares of the stock were exchanged, compared to its average volume of 225,542. The company has a market cap of $986.10 million, a PE ratio of 41.77, a P/E/G ratio of 2.24 and a beta of 1.56. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average price of $24.92 and a two-hundred day moving average price of $27.45. The Pennant Group, Inc. has a 12-month low of $21.18 and a 12-month high of $37.13.

About The Pennant Group

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.