Deutsche Bank AG Takes $5.13 Million Position in The Pennant Group, Inc. $PNTG

Key Points

• Deutsche Bank acquired 138,877 shares of The Pennant Group in the second quarter, worth approximately $5.13 million and representing 0.40% of the company. Institutional investors collectively own 85.88% of PNTG.
• Analyst sentiment remains positive: seven analysts rate the stock a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average price target of $41.60.
• PNTG reported quarterly earnings of $0.36 per share, exceeding estimates of $0.33, while revenue of $297.98 million also topped expectations. The stock opened at $38.89, near its 12-month high of $42.69.

Deutsche Bank AG bought 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 SEC. The institutional investor bought 138,877 shares of the company's stock, valued at approximately $5,132,000. Deutsche Bank AG owned 0.40% of The Pennant Group as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in shares of The Pennant Group by 174.5% in the first quarter. Royal Bank of Canada now owns 27,290 shares of the company's stock valued at $687,000 after acquiring an additional 17,347 shares during the period. AQR Capital Management LLC increased its holdings in shares of The Pennant Group by 32.6% in the 1st quarter. AQR Capital Management LLC now owns 10,255 shares of the company's stock valued at $258,000 after acquiring an additional 2,524 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of The Pennant Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company's stock valued at $488,000 after acquiring an additional 857 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in The Pennant Group by 4.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 81,392 shares of the company's stock valued at $2,047,000 after purchasing an additional 3,507 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in The Pennant Group in the 1st quarter valued at $297,000. Hedge funds and other institutional investors own 85.88% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Weiss Ratings raised shares of The Pennant Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 19th. Royal Bank Of Canada upped their target price 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. Wall Street Zen upgraded shares of The Pennant Group from a "hold" rating to a "buy" rating in a research note on Saturday, June 20th. 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 report on Tuesday, July 14th. Finally, Wells Fargo & Company boosted their price target on The Pennant Group from $45.00 to $46.00 and gave the company an "overweight" rating in a research report on Tuesday, August 11th. Seven 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 a consensus rating of "Moderate Buy" and an average target price of $41.60.

The Pennant Group Stock Up 0.0%

PNTG opened at $38.89 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.20 and a quick ratio of 1.20. The Pennant Group, Inc. has a 12 month low of $22.25 and a 12 month high of $42.69. The stock has a market capitalization of $1.36 billion, a P/E ratio of 43.21, a P/E/G ratio of 2.53 and a beta of 1.26. The business has a 50 day simple moving average of $38.69 and a 200-day simple moving average of $34.47.

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, topping analysts' consensus estimates of $0.33 by $0.03. The Pennant Group had a return on equity of 10.33% and a net margin of 2.93%.The firm had revenue of $297.98 million for the quarter, compared to analyst estimates of $288.71 million. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. On average, equities analysts anticipate that The Pennant Group, Inc. will post 1.18 earnings per share for the current fiscal 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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