515,818 Shares in The Pennant Group, Inc. $PNTG Bought by Boone Capital Management LLC

Boone Capital Management LLC purchased a new stake in The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 515,818 shares of the company's stock, valued at approximately $19,059,000. The Pennant Group comprises about 4.5% of Boone Capital Management LLC's holdings, making the stock its 10th biggest holding. Boone Capital Management LLC owned approximately 1.48% of The Pennant Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PNTG. Vanguard Group Inc. grew its position in The Pennant Group by 4.2% in the 4th quarter. Vanguard Group Inc. now owns 2,049,968 shares of the company's stock worth $57,707,000 after purchasing an additional 82,071 shares in the last quarter. Rice Hall James & Associates LLC bought a new position in shares of The Pennant Group during the 2nd quarter worth approximately $9,241,000. Turtle Creek Asset Management Inc. lifted 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 buying an additional 1,569,823 shares in the last quarter. Sei Investments Co. boosted its stake in shares of The Pennant Group by 33.7% in the 1st quarter. Sei Investments Co. now owns 153,546 shares of the company's stock worth $4,680,000 after buying an additional 38,735 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of The Pennant Group in the 2nd quarter worth approximately $5,132,000. 85.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PNTG. Wall Street Zen raised The Pennant Group from a "hold" rating to a "buy" rating in a research report on Saturday, June 20th. Wells Fargo & Company lifted their price target on The Pennant Group from $45.00 to $46.00 and gave the stock an "overweight" rating in a report on Tuesday, August 11th. Royal Bank Of Canada boosted their price objective 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. Truist Financial upped their price objective on The Pennant Group from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings raised The Pennant Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 19th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $41.60.

The Pennant Group Stock Up 0.1%

The Pennant Group stock opened at $38.28 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $1.34 billion, a P/E ratio of 42.53, a P/E/G ratio of 2.49 and a beta of 1.26. The firm has a 50 day moving average price of $38.85 and a 200-day moving average price of $34.59. The Pennant Group, Inc. has a twelve month low of $22.25 and a twelve month high of $42.69.

The Pennant Group (NASDAQ:PNTG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. The business had revenue of $297.98 million during the quarter, compared to analyst estimates of $288.71 million. The Pennant Group had a return on equity of 10.33% and a net margin of 2.93%.The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. As a group, equities analysts predict that The Pennant Group, Inc. will post 1.18 EPS 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.

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