Wasatch Advisors LP Raises Position in The Pennant Group, Inc. $PNTG

Key Points

• Wasatch Advisors increased its Pennant Group position by 31.8% in the second quarter, adding 451,491 shares to own 1.87 million shares valued at approximately $69.1 million. Institutional investors collectively own 85.88% of PNTG.
• Analyst sentiment remains positive, with seven Buy ratings and one Hold rating, producing a consensus “Moderate Buy” rating and an average price target of $41.20.
• Pennant Group reported quarterly earnings of $0.36 per share, beating estimates of $0.33, while revenue of $297.98 million also exceeded forecasts. Shares opened at $38.17, down 3.7%, with a reported 2026 EPS guidance range of $1.34 to $1.41.

Wasatch Advisors LP lifted its holdings in The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 31.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,870,178 shares of the company's stock after purchasing an additional 451,491 shares during the quarter. Wasatch Advisors LP owned about 5.38% of The Pennant Group worth $69,103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in The Pennant Group by 174.5% in the first quarter. Royal Bank of Canada now owns 27,290 shares of the company's stock valued at $687,000 after buying an additional 17,347 shares during the last quarter. AQR Capital Management LLC boosted its holdings in The Pennant Group by 32.6% in the first quarter. AQR Capital Management LLC now owns 10,255 shares of the company's stock worth $258,000 after acquiring an additional 2,524 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of The Pennant Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company's stock worth $488,000 after acquiring an additional 857 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of The Pennant Group by 4.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 81,392 shares of the company's stock worth $2,047,000 after acquiring an additional 3,507 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of The Pennant Group during the first quarter valued at about $297,000. 85.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PNTG. Weiss Ratings raised shares of The Pennant Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, August 5th. Wells Fargo & Company boosted their target price on shares of The Pennant Group from $45.00 to $46.00 and gave the stock an "overweight" rating in a research report on Tuesday. Wall Street Zen upgraded shares of The Pennant Group from a "hold" rating to a "buy" rating in a research note on Saturday, June 20th. Truist Financial raised their price target on shares of The Pennant Group from $42.00 to $48.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada lifted their price objective on shares of The Pennant Group from $41.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, May 8th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $41.20.

The Pennant Group Stock Down 3.7%

Shares of PNTG stock opened at $38.17 on Wednesday. The Pennant Group, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $42.69. The firm has a market capitalization of $1.33 billion, a PE ratio of 42.41, a P/E/G ratio of 2.66 and a beta of 1.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.20 and a current ratio of 1.20. The stock's 50-day simple moving average is $37.42 and its 200-day simple moving average is $33.83.

The Pennant Group (NASDAQ:PNTG - Get Free Report) last released its 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 the consensus estimate 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. Equities analysts expect that The Pennant Group, Inc. will post 1.14 earnings per share for the current year.

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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