D. E. Shaw & Co. Inc. Sells 76,381 Shares of The Pennant Group, Inc. (NASDAQ:PNTG)

D. E. Shaw & Co. Inc. trimmed its holdings in The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 26.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 216,854 shares of the company's stock after selling 76,381 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.63% of The Pennant Group worth $5,751,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PNTG. Quarry LP lifted its holdings in The Pennant Group by 166.8% during the 4th quarter. Quarry LP now owns 2,705 shares of the company's stock worth $72,000 after buying an additional 1,691 shares in the last quarter. Summit Investment Advisors Inc. raised its position in shares of The Pennant Group by 20.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,414 shares of the company's stock worth $91,000 after acquiring an additional 575 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of The Pennant Group during the fourth quarter valued at $122,000. KLP Kapitalforvaltning AS acquired a new position in shares of The Pennant Group during the fourth quarter valued at $188,000. Finally, LPL Financial LLC bought a new position in The Pennant Group in the fourth quarter valued at about $225,000. Institutional investors and hedge funds own 85.88% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Stephens reissued an "overweight" rating and set a $38.00 price objective on shares of The Pennant Group in a report on Wednesday, April 2nd. Truist Financial lifted their price target on shares of The Pennant Group from $28.00 to $32.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, The Pennant Group currently has an average rating of "Moderate Buy" and an average price target of $35.60.

The Pennant Group Trading Down 0.9%

NASDAQ PNTG traded down $0.26 on Thursday, reaching $28.37. The company had a trading volume of 7,409 shares, compared to its average volume of 223,657. The Pennant Group, Inc. has a 52 week low of $21.18 and a 52 week high of $37.13. The stock's 50 day moving average is $26.07 and its 200-day moving average is $27.20. 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 stock has a market cap of $977.89 million, a price-to-earnings ratio of 41.72, a PEG ratio of 2.24 and a beta of 1.56.

The Pennant Group Company 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.