87,333 Shares in The Pennant Group, Inc. $PNTG Acquired by Ancora Advisors LLC

Key Points

• Ancora Advisors acquired 87,333 shares of The Pennant Group in the second quarter, worth approximately $3.23 million and representing a 0.25% stake. Institutional investors and hedge funds collectively own 85.88% of the company.
• The Pennant Group beat quarterly expectations, reporting $0.36 EPS versus the $0.33 consensus and revenue of $297.98 million versus $288.71 million expected. Management issued fiscal 2026 EPS guidance of $1.34 to $1.41.
• Analyst sentiment remains positive: seven analysts rate PNTG a Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of $41.60, above the reported $38.28 share price.

Ancora Advisors LLC acquired a new stake in The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 87,333 shares of the company's stock, valued at approximately $3,227,000. Ancora Advisors LLC owned 0.25% of The Pennant Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its holdings in The Pennant Group by 154.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company's stock valued at $33,000 after purchasing an additional 717 shares during the last quarter. Quarry LP acquired a new position in shares of The Pennant Group in the third quarter valued at approximately $37,000. Parallel Advisors LLC increased its position in shares of The Pennant Group by 1,186.8% during the first quarter. Parallel Advisors LLC now owns 1,364 shares of the company's stock worth $42,000 after acquiring an additional 1,258 shares during the period. GAMMA Investing LLC increased its position in shares of The Pennant Group by 34.6% during the second quarter. GAMMA Investing LLC now owns 1,568 shares of the company's stock worth $58,000 after acquiring an additional 403 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in shares of The Pennant Group by 651.8% in the third quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company's stock valued at $86,000 after acquiring an additional 2,946 shares in the last quarter. 85.88% of the stock is currently owned by institutional investors and hedge funds.

The Pennant Group Stock Performance

Shares of PNTG stock opened at $38.28 on Thursday. The stock's 50-day moving average is $38.85 and its two-hundred day moving average is $34.59. 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 Pennant Group, Inc. has a 1 year low of $22.25 and a 1 year high of $42.69. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 42.53, a PEG ratio of 2.49 and a beta of 1.26.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. The firm had revenue of $297.98 million during the quarter, compared to analysts' expectations 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. Analysts predict that The Pennant Group, Inc. will post 1.18 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on PNTG. Weiss Ratings upgraded The Pennant Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 19th. 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 objective on The Pennant Group from $45.00 to $46.00 and gave the company an "overweight" rating in a research note on Tuesday, August 11th. Truist Financial boosted their price objective on The Pennant Group from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada lifted their price objective on shares of The Pennant Group from $42.00 to $44.00 and gave the stock an "outperform" rating in a research report on Thursday, August 20th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, The Pennant Group currently has an average rating of "Moderate Buy" and a consensus target price of $41.60.

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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