Royal Bank of Canada Reduces Stake in The Pennant Group, Inc. $PNTG

Key Points

• Royal Bank of Canada cut its Pennant Group stake by 67.3% in the first quarter, selling 45,026 shares and retaining 21,866 shares worth approximately $667,000. Institutional investors collectively own 85.88% of PNTG.
• Pennant Group reported quarterly EPS of $0.36, exceeding analyst expectations of $0.33, while revenue of $297.98 million also surpassed estimates. The company issued fiscal 2026 EPS guidance of $1.34 to $1.41.
• Analyst sentiment remains positive, with seven Buy ratings and one Hold rating. The stock has a consensus price target of $41.60, while recent targets range as high as $48.00.

Royal Bank of Canada reduced its stake in shares of The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 67.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,866 shares of the company's stock after selling 45,026 shares during the period. Royal Bank of Canada owned about 0.06% of The Pennant Group worth $667,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake in The Pennant Group by 154.2% in the fourth 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. Parallel Advisors LLC increased its position in The Pennant Group by 1,186.8% in the first quarter. Parallel Advisors LLC now owns 1,364 shares of the company's stock worth $42,000 after buying an additional 1,258 shares during the last quarter. Quarry LP purchased a new stake in The Pennant Group in the third quarter worth $37,000. Quadrant Capital Group LLC raised its stake in shares of The Pennant Group by 608.7% in the fourth quarter. Quadrant Capital Group LLC now owns 3,182 shares of the company's stock valued at $90,000 after buying an additional 2,733 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 buying an additional 2,946 shares during the period. Hedge funds and other institutional investors own 85.88% of the company's stock.

The Pennant Group Stock Performance

NASDAQ:PNTG opened at $38.88 on Monday. The company has a market cap of $1.36 billion, a P/E ratio of 43.20, a P/E/G ratio of 2.53 and a beta of 1.26. The stock's fifty day moving average price is $38.57 and its two-hundred day moving average price is $34.40. The Pennant Group, Inc. has a 1 year low of $22.25 and a 1 year high of $42.69. 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 (NASDAQ:PNTG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. The firm had revenue of $297.98 million during the quarter, compared to analyst estimates 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. As a group, analysts expect that The Pennant Group, Inc. will post 1.18 EPS for the current year.

Analyst Upgrades and Downgrades

PNTG has been the topic of a number of recent research reports. Wall Street Zen raised The Pennant Group from a "hold" rating to a "buy" rating in a research report on Saturday, June 20th. Truist Financial lifted their price objective on The Pennant Group from $42.00 to $48.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Royal Bank Of Canada boosted their price objective on The Pennant Group from $42.00 to $44.00 and gave the company an "outperform" rating in a research note on Thursday. Wells Fargo & Company upped 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, Weiss Ratings upgraded shares of The Pennant Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $41.60.

The Pennant Group 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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