XTX Topco Ltd Invests $285,000 in The Pennant Group, Inc. (NASDAQ:PNTG)

XTX Topco Ltd purchased a new position in shares of The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,343 shares of the company's stock, valued at approximately $285,000.

Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC acquired a new stake in shares of The Pennant Group in the 4th quarter valued at approximately $225,000. Wellington Management Group LLP boosted its holdings in shares of The Pennant Group by 16.0% in the 4th quarter. Wellington Management Group LLP now owns 48,853 shares of the company's stock valued at $1,296,000 after buying an additional 6,753 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of The Pennant Group by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 767,628 shares of the company's stock valued at $20,362,000 after buying an additional 85,496 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of The Pennant Group by 63.7% in the 4th quarter. Wells Fargo & Company MN now owns 15,920 shares of the company's stock valued at $422,000 after buying an additional 6,197 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of The Pennant Group by 22.6% in the 4th quarter. Russell Investments Group Ltd. now owns 211,724 shares of the company's stock valued at $5,615,000 after buying an additional 38,987 shares during the last quarter. 85.88% of the stock is owned by institutional investors.

Insider Transactions at The Pennant Group

In other The Pennant Group news, Director Joanne Stringfield sold 5,000 shares of the firm's stock in a transaction 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 owned 30,275 shares of the company's stock, valued at $892,204.25. This trade represents a 14.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.40% of the stock is owned by corporate insiders.

The Pennant Group Stock Performance

The Pennant Group stock traded up $0.39 during mid-day trading on Friday, hitting $25.09. 77,844 shares of the company's stock traded hands, compared to its average volume of 244,095. The firm has a 50 day simple moving average of $25.79 and a two-hundred day simple moving average of $25.98. The Pennant Group, Inc. has a fifty-two week low of $21.18 and a fifty-two week high of $37.13. The stock has a market cap of $866.94 million, a price-to-earnings ratio of 32.17, a P/E/G ratio of 2.22 and a beta of 1.48. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.21 and a quick ratio of 1.21.

Wall Street Analysts Forecast Growth

PNTG has been the subject of several recent analyst reports. Wall Street Zen raised The Pennant Group from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Truist Financial cut their price objective on The Pennant Group from $32.00 to $28.00 and set a "hold" rating for the company in a report on Wednesday, July 16th. Stephens reissued an "overweight" rating and issued a $35.00 price objective on shares of The Pennant Group in a report on Tuesday, June 10th. Finally, Wells Fargo & Company cut their price target on The Pennant Group from $31.00 to $29.00 and set an "equal weight" rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $33.40.

About The Pennant Group

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.