Two Sigma Investments LP Boosts Stock Position in The Pennant Group, Inc. (NASDAQ:PNTG)

Two Sigma Investments LP lifted its stake in shares of The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 192.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 154,818 shares of the company's stock after acquiring an additional 101,943 shares during the period. Two Sigma Investments LP owned 0.45% of The Pennant Group worth $4,106,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. FMR LLC boosted 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 valued at $103,596,000 after acquiring an additional 1,377,815 shares during the last quarter. 8 Knots Management LLC boosted its stake in shares of 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 acquiring an additional 35,975 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 223,919 shares during the last quarter. Van Berkom & Associates Inc. boosted its stake in shares of 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 acquiring an additional 2,117,859 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of The Pennant Group by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 817,857 shares of the company's stock valued at $21,689,000 after acquiring an additional 50,502 shares during the last quarter. Institutional investors and hedge funds own 85.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Truist Financial raised their price target on The Pennant Group from $28.00 to $32.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Stephens reissued 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 given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $35.60.

The Pennant Group Trading Up 0.4%

Shares of NASDAQ PNTG traded up $0.12 during midday trading on Monday, hitting $28.83. The stock had a trading volume of 213,506 shares, compared to its average volume of 223,272. The company has a market capitalization of $993.74 million, a price-to-earnings ratio of 42.40, a PEG ratio of 2.24 and a beta of 1.56. The Pennant Group, Inc. has a 1-year low of $21.18 and a 1-year high of $37.13. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average price of $26.70 and a 200 day moving average price of $26.88.

Insider Activity

In related 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.40% of the company's stock.

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.