The Pennant Group, Inc. (NASDAQ:PNTG) Director Joanne Stringfield Sells 665 Shares

The Pennant Group, Inc. (NASDAQ:PNTG - Get Free Report) Director Joanne Stringfield sold 665 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $25.62, for a total transaction of $17,037.30. Following the completion of the sale, the director now directly owns 30,275 shares of the company's stock, valued at approximately $775,645.50. This represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

The Pennant Group Trading Up 0.8 %

PNTG traded up $0.23 during trading on Friday, reaching $28.40. The company had a trading volume of 421,200 shares, compared to its average volume of 226,343. The firm's 50-day simple moving average is $25.04 and its 200 day simple moving average is $27.37. The Pennant Group, Inc. has a 12-month low of $21.18 and a 12-month high of $37.13. The company has a market cap of $986.10 million, a price-to-earnings ratio of 41.77, 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.

Hedge Funds Weigh In On The Pennant Group

A number of hedge funds have recently modified their holdings of PNTG. Barclays PLC increased its holdings in The Pennant Group by 375.0% during the 3rd quarter. Barclays PLC now owns 49,101 shares of the company's stock worth $1,753,000 after purchasing an additional 38,763 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of The Pennant Group in the 3rd quarter valued at $506,000. Franklin Resources Inc. raised its stake in shares of The Pennant Group by 26.6% in the third quarter. Franklin Resources Inc. now owns 18,347 shares of the company's stock worth $638,000 after purchasing an additional 3,859 shares during the last quarter. Principal Financial Group Inc. grew its position in The Pennant Group by 14.5% during the third quarter. Principal Financial Group Inc. now owns 12,626 shares of the company's stock valued at $451,000 after buying an additional 1,597 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of The Pennant Group by 68.4% during the third quarter. JPMorgan Chase & Co. now owns 205,922 shares of the company's stock valued at $7,351,000 after buying an additional 83,664 shares during the period. 85.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Truist Financial lowered their price target on shares of The Pennant Group from $32.00 to $28.00 and set a "hold" rating for the company in a report on Friday, March 7th. 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.80.

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.