PDT Partners LLC Makes New $2.40 Million Investment in The Pennant Group, Inc. $PNTG

Key Points

• PDT Partners LLC acquired 64,994 shares of The Pennant Group in the second quarter, valued at approximately $2.40 million and representing about 0.19% of the company.
• Institutional interest increased, with several other funds initiating positions; institutions now own approximately 85.88% of PNTG’s outstanding shares.
• Analysts maintain a positive outlook, with seven Buy ratings and one Hold, producing a “Moderate Buy” consensus and an average price target of $41.60. The company also surpassed quarterly expectations with $0.36 EPS versus a $0.33 estimate and revenue of $297.98 million.

PDT Partners LLC acquired a new position in The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 64,994 shares of the company's stock, valued at approximately $2,402,000. PDT Partners LLC owned approximately 0.19% of The Pennant Group at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Manatuck Hill Partners LLC bought a new position in The Pennant Group in the 2nd quarter worth $2,217,000. Legal & General Group Plc bought a new stake in The Pennant Group during the second quarter valued at about $1,142,000. The Manufacturers Life Insurance Company bought a new stake in The Pennant Group during the second quarter valued at about $334,000. Paradigm Capital Management Inc. NY purchased a new position in shares of The Pennant Group in the second quarter valued at about $51,833,000. Finally, Ranger Investment Management L.P. purchased a new position in shares of The Pennant Group in the second quarter valued at about $9,336,000. 85.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PNTG. Royal Bank Of Canada increased their target price 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. Weiss Ratings raised The Pennant Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 19th. Wall Street Zen upgraded The Pennant Group from a "hold" rating to a "buy" rating in a research note on Saturday, June 20th. Wells Fargo & Company increased their price objective on shares of The Pennant Group from $45.00 to $46.00 and gave the company an "overweight" rating in a report on Tuesday, August 11th. Finally, Truist Financial increased their price objective on shares of The Pennant Group from $42.00 to $48.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.60.

The Pennant Group Stock Up 0.1%

PNTG opened at $38.28 on Thursday. The firm has a 50-day simple moving average of $38.85 and a two-hundred day simple moving average of $34.59. The Pennant Group, Inc. has a 52 week low of $22.25 and a 52 week high of $42.69. The company has a market capitalization of $1.34 billion, a PE ratio of 42.53, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. 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 Pennant Group (NASDAQ:PNTG - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. The firm had revenue of $297.98 million for 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 forecast that The Pennant Group, Inc. will post 1.18 earnings per share for the current fiscal year.

The Pennant Group Company Profile

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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