30,919 Shares in The Pennant Group, Inc. $PNTG Acquired by Legal & General Group Plc

Legal & General Group Plc acquired a new position in shares of The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 30,919 shares of the company's stock, valued at approximately $1,142,000. Legal & General Group Plc owned about 0.09% of The Pennant Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PNTG. BlackRock Inc. acquired a new position in The Pennant Group in the second quarter valued at approximately $109,340,000. Turtle Creek Asset Management Inc. raised its holdings in The Pennant Group by 12,075.6% during the first 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. Paradigm Capital Management Inc. NY acquired a new stake in The Pennant Group during the second quarter worth approximately $51,833,000. Wasatch Advisors LP lifted its position in shares of The Pennant Group by 143.2% during the 1st quarter. Wasatch Advisors LP now owns 1,418,687 shares of the company's stock worth $43,242,000 after buying an additional 835,227 shares during the last quarter. Finally, De Lisle Partners LLP purchased a new stake in shares of The Pennant Group during the 2nd quarter worth approximately $18,755,000. Institutional investors and hedge funds own 85.88% of the company's stock.

Wall Street Analyst Weigh In

PNTG has been the subject of several research analyst reports. Weiss Ratings upgraded 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 target price on The Pennant Group from $42.00 to $44.00 and gave the stock an "outperform" rating in a research report on Thursday, August 20th. Wells Fargo & Company boosted their target price on The Pennant Group from $45.00 to $46.00 and gave the company an "overweight" rating in a report on Tuesday, August 11th. Wall Street Zen raised The Pennant Group from a "hold" rating to a "buy" rating in a research report on Saturday, June 20th. Finally, Truist Financial raised their price target on The Pennant Group from $42.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, The Pennant Group currently has an average rating of "Moderate Buy" and a consensus price target of $41.60.

The Pennant Group Stock Performance

Shares of The Pennant Group stock opened at $38.00 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $1.33 billion, a P/E ratio of 42.22, a PEG ratio of 2.48 and a beta of 1.27. The Pennant Group, Inc. has a 1 year low of $22.25 and a 1 year high of $42.69. The company's fifty day moving average is $39.34 and its two-hundred day moving average is $34.95.

The Pennant Group (NASDAQ:PNTG - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $297.98 million during 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. Analysts forecast that The Pennant Group, Inc. will post 1.18 earnings per share for the current year.

About The Pennant Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.