The Pennant Group, Inc. (NASDAQ:PNTG) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lessened its holdings in The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in The Pennant Group by 26.6% in the third quarter. Franklin Resources Inc. now owns 18,347 shares of the company's stock valued at $638,000 after acquiring an additional 3,859 shares during the period. Barclays PLC raised its holdings in The Pennant Group by 22.3% during the 4th quarter. Barclays PLC now owns 60,070 shares of the company's stock valued at $1,593,000 after buying an additional 10,969 shares during the period. Principal Financial Group Inc. lifted its stake in The Pennant Group by 10.9% in the fourth quarter. Principal Financial Group Inc. now owns 14,000 shares of the company's stock worth $371,000 after purchasing an additional 1,374 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of The Pennant Group by 36.6% in the fourth quarter. SG Americas Securities LLC now owns 14,923 shares of the company's stock worth $396,000 after purchasing an additional 3,997 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in The Pennant Group in the fourth quarter worth approximately $487,000. 85.88% of the stock is currently owned by institutional investors.

The Pennant Group Stock Performance

Shares of PNTG traded down $0.31 during mid-day trading on Tuesday, reaching $29.43. 144,857 shares of the company's stock were exchanged, compared to its average volume of 224,687. The stock has a market capitalization of $1.01 billion, a PE ratio of 43.28, a price-to-earnings-growth ratio of 2.24 and a beta of 1.56. The Pennant Group, Inc. has a 52-week low of $21.18 and a 52-week high of $37.13. The business's fifty day simple moving average is $25.84 and its 200-day simple moving average is $27.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.12 and a quick ratio of 1.12.

Wall Street Analyst Weigh In

A number of brokerages have commented on PNTG. Truist Financial boosted their target price on shares of The Pennant Group from $28.00 to $32.00 and gave the stock a "hold" rating in a report on Monday, May 12th. Stephens restated an "overweight" rating and set a $38.00 price target 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $35.60.

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.