Aquatic Capital Management LLC Purchases New Stake in The Pennant Group, Inc. (NASDAQ:PNTG)

Aquatic Capital Management LLC acquired a new position in The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 14,106 shares of the company's stock, valued at approximately $374,000.

Several other large investors also recently made changes to their positions in the business. Van Berkom & Associates Inc. boosted its position in shares of The Pennant Group by 2,635.6% during the 4th quarter. Van Berkom & Associates Inc. now owns 2,198,216 shares of the company's stock valued at $58,297,000 after acquiring an additional 2,117,859 shares in the last quarter. FMR LLC boosted its position in The Pennant Group by 54.5% during the 4th quarter. FMR LLC now owns 3,906,327 shares of the company's stock worth $103,596,000 after acquiring an additional 1,377,815 shares during the last quarter. Vanguard Group Inc. grew its stake in The Pennant Group by 11.0% in the fourth quarter. Vanguard Group Inc. now owns 2,261,564 shares of the company's stock valued at $59,977,000 after purchasing an additional 223,919 shares in the last quarter. Ranger Investment Management L.P. increased its stake in shares of The Pennant Group by 147.3% during the 4th quarter. Ranger Investment Management L.P. now owns 195,210 shares of the company's stock worth $5,177,000 after purchasing an additional 116,285 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in The Pennant Group in the 4th quarter valued at $2,570,000. Institutional investors own 85.88% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on PNTG shares. Truist Financial reduced their target price on The Pennant Group from $32.00 to $28.00 and set a "hold" rating on the stock in a report on Friday, March 7th. Stephens restated 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.80.

The Pennant Group Price Performance

Shares of NASDAQ PNTG traded up $0.01 during trading hours on Thursday, reaching $27.77. 33,574 shares of the stock traded hands, compared to its average volume of 224,586. The Pennant Group, Inc. has a 52-week low of $20.91 and a 52-week high of $37.13. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.58. The company's 50-day simple moving average is $24.81 and its two-hundred day simple moving average is $27.48. The company has a market capitalization of $964.23 million, a P/E ratio of 40.84, a price-to-earnings-growth ratio of 2.24 and a beta of 1.56.

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.