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

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 shares were sold at an average price of $25.62, for a total value of $17,037.30. Following the transaction, the director now directly owns 30,275 shares in the company, valued at approximately $775,645.50. This represents a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

The Pennant Group Stock Performance

Shares of NASDAQ:PNTG opened at $26.74 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $24.68 and a 200-day moving average price of $27.48. The company has a market cap of $928.47 million, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 2.24 and a beta of 1.56. The Pennant Group, Inc. has a 12 month low of $20.78 and a 12 month high of $37.13.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Truist Financial cut their price objective on shares of The Pennant Group from $32.00 to $28.00 and set a "hold" rating for the company in a research note on Friday, March 7th. Stephens reiterated an "overweight" rating and issued a $38.00 price objective on shares of The Pennant Group in a report 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.80.

Institutional Investors Weigh In On The Pennant Group

A number of large investors have recently made changes to their positions in PNTG. NBC Securities Inc. purchased a new position in The Pennant Group during the first quarter valued at $25,000. Turtle Creek Asset Management Inc. lifted its position in The Pennant Group by 150.0% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,500 shares of the company's stock valued at $66,000 after acquiring an additional 1,500 shares during the period. Quarry LP boosted its stake in The Pennant Group by 166.8% during the fourth quarter. Quarry LP now owns 2,705 shares of the company's stock worth $72,000 after acquiring an additional 1,691 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in shares of The Pennant Group by 20.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,414 shares of the company's stock valued at $91,000 after purchasing an additional 575 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado bought a new stake in shares of The Pennant Group in the 4th quarter worth approximately $122,000. 85.88% of the stock is currently owned by institutional investors.

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.

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