Two Sigma Advisers LP Acquires 77,900 Shares of The Pennant Group, Inc. (NASDAQ:PNTG)

Two Sigma Advisers LP raised its holdings in The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 144.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 131,700 shares of the company's stock after purchasing an additional 77,900 shares during the quarter. Two Sigma Advisers LP owned approximately 0.38% of The Pennant Group worth $3,493,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PNTG. FMR LLC grew its stake in shares of The Pennant Group by 54.5% during the fourth quarter. FMR LLC now owns 3,906,327 shares of the company's stock worth $103,596,000 after purchasing an additional 1,377,815 shares during the period. 8 Knots Management LLC boosted its position in 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 valued at $64,515,000 after purchasing an additional 35,975 shares during the last quarter. Vanguard Group Inc. boosted its position in The Pennant Group by 11.0% during the fourth quarter. Vanguard Group Inc. now owns 2,261,564 shares of the company's stock valued at $59,977,000 after purchasing an additional 223,919 shares during the last quarter. Van Berkom & Associates Inc. boosted its position in The Pennant Group by 2,635.6% during the fourth quarter. Van Berkom & Associates Inc. now owns 2,198,216 shares of the company's stock valued at $58,297,000 after purchasing an additional 2,117,859 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in 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 buying an additional 50,502 shares during the period. Institutional investors own 85.88% of the company's stock.

The Pennant Group Trading Up 3.6%

Shares of NASDAQ:PNTG traded up $1.01 during midday trading on Friday, reaching $29.06. The company's stock had a trading volume of 207,969 shares, compared to its average volume of 223,311. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 42.74, a PEG ratio of 2.24 and a beta of 1.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a 50 day moving average price of $26.62 and a two-hundred day moving average price of $26.93. The Pennant Group, Inc. has a fifty-two week low of $21.18 and a fifty-two week high of $37.13.

Analyst Ratings Changes

Several analysts recently commented on PNTG shares. Truist Financial lifted their target price on shares of The Pennant Group from $28.00 to $32.00 and gave the stock a "hold" rating in a report on Monday, May 12th. Stephens reiterated an "overweight" rating and issued a $38.00 price target on shares of The Pennant Group in a research note on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.60.

Insider Activity

In other The Pennant Group news, Director Joanne Stringfield sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $29.47, for a total transaction of $147,350.00. Following the completion of the sale, the director now directly owns 30,275 shares of the company's stock, valued at approximately $892,204.25. The trade was a 14.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.40% of the stock is owned by company insiders.

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.