1,402,800 Shares in The Pennant Group, Inc. $PNTG Acquired by Paradigm Capital Management Inc. NY

Key Points

• Paradigm Capital Management acquired 1,402,800 shares of The Pennant Group, valued at approximately $51.8 million, giving it a 4.02% stake. Institutional investors collectively own 85.88% of the company.
• The Pennant Group reported quarterly EPS of $0.36, beating estimates of $0.33, while revenue reached $297.98 million versus expectations of $288.71 million.
• Analyst sentiment remains positive, with seven Buy ratings and one Hold rating. The stock has a “Moderate Buy” consensus rating and an average price target of $41.60.

Paradigm Capital Management Inc. NY bought a new stake in The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,402,800 shares of the company's stock, valued at approximately $51,833,000. The Pennant Group comprises 1.4% of Paradigm Capital Management Inc. NY's portfolio, making the stock its 17th largest position. Paradigm Capital Management Inc. NY owned 4.02% of The Pennant Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in The Pennant Group in the second quarter valued at $109,340,000. Turtle Creek Asset Management Inc. boosted its position in shares of The Pennant Group by 12,075.6% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,582,823 shares of the company's stock worth $48,244,000 after purchasing an additional 1,569,823 shares in the last quarter. Wasatch Advisors LP increased its position in The Pennant Group by 143.2% in the 1st quarter. Wasatch Advisors LP now owns 1,418,687 shares of the company's stock valued at $43,242,000 after buying an additional 835,227 shares in the last quarter. De Lisle Partners LLP acquired a new position in The Pennant Group during the 2nd quarter worth approximately $18,755,000. Finally, Ameriprise Financial Inc. acquired a new position in The Pennant Group during the 2nd quarter worth approximately $14,356,000. Institutional investors and hedge funds own 85.88% of the company's stock.

The Pennant Group Trading Up 0.0%

Shares of The Pennant Group stock opened at $38.89 on Tuesday. The company has a market capitalization of $1.36 billion, a P/E ratio of 43.21, a price-to-earnings-growth ratio of 2.53 and a beta of 1.26. The stock has a fifty day simple moving average of $38.69 and a 200 day simple moving average of $34.47. The Pennant Group, Inc. has a 12-month low of $22.25 and a 12-month high of $42.69. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.48.

The Pennant Group (NASDAQ:PNTG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. The Pennant Group had a net margin of 2.93% and a return on equity of 10.33%. The firm had revenue of $297.98 million for the quarter, compared to the consensus estimate of $288.71 million. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. On average, sell-side analysts anticipate that The Pennant Group, Inc. will post 1.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of The Pennant Group from $45.00 to $46.00 and gave the company an "overweight" rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of The Pennant Group from a "hold" rating to a "buy" rating in a report on Saturday, June 20th. Weiss Ratings raised shares of The Pennant Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 19th. Royal Bank Of Canada lifted their price objective on shares of The Pennant Group from $42.00 to $44.00 and gave the company an "outperform" rating in a report on Thursday, August 20th. Finally, Truist Financial boosted their target price on shares of The Pennant Group from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, The Pennant Group presently has an average rating of "Moderate Buy" and a consensus target price of $41.60.

The Pennant Group Profile

The Pennant Group NASDAQ: PNTG is a publicly traded holding company that provides specialized services to the asset management industry. Through its operating subsidiaries, the company delivers outsourced fund administration, securities lending, prime brokerage, and capital markets solutions designed to support hedge funds, private equity firms, mutual funds and other institutional investors. By leveraging a combination of technology platforms and industry expertise, The Pennant Group helps clients streamline middle- and back-office processes, enhance operational efficiency and manage regulatory requirements.

Key service offerings include fund accounting and reporting, trade settlement and reconciliation, risk monitoring, securities lending programs and execution support across a range of asset classes.

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