Nuveen Asset Management LLC Has $12.13 Million Stock Position in The Pennant Group, Inc. (NASDAQ:PNTG)

Nuveen Asset Management LLC increased its stake in shares of The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 29.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 457,364 shares of the company's stock after buying an additional 104,697 shares during the period. Nuveen Asset Management LLC owned 1.33% of The Pennant Group worth $12,129,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Summit Investment Advisors Inc. raised its stake in The Pennant Group by 20.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,414 shares of the company's stock worth $91,000 after purchasing an additional 575 shares in the last quarter. Corebridge Financial Inc. raised its stake in The Pennant Group by 6.2% in the 4th quarter. Corebridge Financial Inc. now owns 16,227 shares of the company's stock worth $430,000 after purchasing an additional 954 shares in the last quarter. Arizona State Retirement System raised its stake in The Pennant Group by 13.0% in the 4th quarter. Arizona State Retirement System now owns 9,773 shares of the company's stock worth $259,000 after purchasing an additional 1,121 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in The Pennant Group by 0.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 190,882 shares of the company's stock worth $5,062,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in The Pennant Group by 10.9% in the 4th quarter. Principal Financial Group Inc. now owns 14,000 shares of the company's stock worth $371,000 after purchasing an additional 1,374 shares in the last quarter. Institutional investors and hedge funds own 85.88% of the company's stock.

The Pennant Group Price Performance

PNTG stock traded up $1.06 during trading on Friday, reaching $29.11. 97,619 shares of the company were exchanged, compared to its average volume of 202,968. The company has a 50-day moving average of $26.54 and a two-hundred day moving average of $27.00. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 42.80, a P/E/G ratio of 2.24 and a beta of 1.56. The Pennant Group, Inc. has a twelve month low of $21.18 and a twelve month high of $37.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.12 and a quick ratio of 1.12.

Insider Buying and Selling

In related news, Director Joanne Stringfield sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $29.47, for a total transaction of $147,350.00. Following the completion of the transaction, the director now directly owns 30,275 shares in the company, valued at $892,204.25. This represents a 14.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on PNTG shares. Truist Financial boosted 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. Stephens restated an "overweight" rating and issued a $38.00 target price on shares of The Pennant Group in a research report on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $35.60.

The Pennant Group 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.