Jump Financial LLC Raises Stake in The Pennant Group, Inc. (NASDAQ:PNTG)

Jump Financial LLC lifted its stake in The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 93.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,700 shares of the company's stock after purchasing an additional 14,316 shares during the period. Jump Financial LLC owned about 0.09% of The Pennant Group worth $788,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Summit Investment Advisors Inc. boosted its stake in shares of The Pennant Group by 20.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,414 shares of the company's stock valued at $91,000 after buying an additional 575 shares during the period. Corebridge Financial Inc. increased its position in shares of The Pennant Group by 6.2% in the 4th quarter. Corebridge Financial Inc. now owns 16,227 shares of the company's stock valued at $430,000 after purchasing an additional 954 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of The Pennant Group by 13.0% in the 4th quarter. Arizona State Retirement System now owns 9,773 shares of the company's stock valued at $259,000 after purchasing an additional 1,121 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of The Pennant Group by 0.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 190,882 shares of the company's stock worth $5,062,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in The Pennant Group by 10.9% in the fourth quarter. Principal Financial Group Inc. now owns 14,000 shares of the company's stock valued at $371,000 after buying an additional 1,374 shares during the last quarter. 85.88% of the stock is owned by institutional investors and hedge funds.

The Pennant Group Stock Performance

Shares of PNTG traded up $0.01 during mid-day trading on Friday, reaching $25.57. 86,196 shares of the company's stock were exchanged, compared to its average volume of 225,806. The business's fifty day simple moving average is $24.65 and its 200-day simple moving average is $27.85. The Pennant Group, Inc. has a 52-week low of $20.23 and a 52-week high of $37.13. The stock has a market capitalization of $887.84 million, a PE ratio of 37.60, a price-to-earnings-growth ratio of 2.24 and a beta of 1.73. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.12 and a quick ratio of 1.12.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Truist Financial dropped their price objective on The Pennant Group from $32.00 to $28.00 and set a "hold" rating on the stock in a report on Friday, March 7th. Stephens restated an "overweight" rating and set a $38.00 price objective on shares of The Pennant Group in a research report on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, The Pennant Group has an average rating of "Moderate Buy" and a consensus price target of $34.80.

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.