Deutsche Bank AG Has $3.08 Million Holdings in The Pennant Group, Inc. (NASDAQ:PNTG)

Deutsche Bank AG grew its holdings in The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 68.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,286 shares of the company's stock after buying an additional 47,283 shares during the period. Deutsche Bank AG owned 0.34% of The Pennant Group worth $3,084,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its stake in The Pennant Group by 54.5% in the 4th quarter. FMR LLC now owns 3,906,327 shares of the company's stock valued at $103,596,000 after purchasing an additional 1,377,815 shares during the period. 8 Knots Management LLC lifted its holdings in shares of The Pennant Group by 1.5% during the fourth quarter. 8 Knots Management LLC now owns 2,432,710 shares of the company's stock worth $64,515,000 after buying an additional 35,975 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of The Pennant Group by 11.0% in the fourth quarter. Vanguard Group Inc. now owns 2,261,564 shares of the company's stock valued at $59,977,000 after acquiring an additional 223,919 shares during the period. Van Berkom & Associates Inc. grew its stake in shares of The Pennant Group by 2,635.6% in the fourth quarter. Van Berkom & Associates Inc. now owns 2,198,216 shares of the company's stock valued at $58,297,000 after acquiring an additional 2,117,859 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of The Pennant Group by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 817,857 shares of the company's stock valued at $21,689,000 after acquiring an additional 50,502 shares in the last quarter. 85.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PNTG has been the topic of several research reports. Stephens reaffirmed an "overweight" rating and set a $38.00 price target on shares of The Pennant Group in a report on Wednesday, April 2nd. Truist Financial raised their target price on shares of The Pennant Group from $28.00 to $32.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $35.60.

The Pennant Group Price Performance

Shares of PNTG opened at $29.43 on Wednesday. The business has a 50-day moving average of $25.97 and a 200-day moving average of $27.19. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $1.01 billion, a price-to-earnings 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 1 year low of $21.18 and a 1 year high of $37.13.

The Pennant Group Company 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.

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