The Pennant Group (NASDAQ:PNTG) Reaches New 1-Year High at $20.54

The Pennant Group, Inc. (NASDAQ:PNTG - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $20.54 and last traded at $20.49, with a volume of 81408 shares. The stock had previously closed at $20.06.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PNTG shares. Oppenheimer raised their price objective on The Pennant Group from $18.00 to $22.00 and gave the stock an "outperform" rating in a report on Friday, March 1st. Stephens upgraded shares of The Pennant Group from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $14.00 to $18.00 in a research note on Friday, January 5th. Finally, Truist Financial lifted their target price on shares of The Pennant Group from $16.00 to $21.00 and gave the company a "hold" rating in a report on Friday, March 1st.

The Pennant Group Trading Up 1.3 %

The firm has a market cap of $609.80 million, a P/E ratio of 46.18, a P/E/G ratio of 2.12 and a beta of 2.06. The business's 50-day moving average is $17.49 and its two-hundred day moving average is $14.51. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.44.

The Pennant Group (NASDAQ:PNTG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). The Pennant Group had a net margin of 2.46% and a return on equity of 12.78%. The firm had revenue of $145.95 million for the quarter, compared to analyst estimates of $136.79 million. During the same period last year, the firm posted $0.15 EPS. As a group, analysts expect that The Pennant Group, Inc. will post 0.73 earnings per share for the current fiscal year.

Institutional Trading of The Pennant Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of The Pennant Group by 21.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,443 shares of the company's stock worth $61,000 after acquiring an additional 944 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of The Pennant Group by 34.8% during the 1st quarter. Captrust Financial Advisors now owns 4,098 shares of the company's stock worth $76,000 after purchasing an additional 1,057 shares in the last quarter. Yousif Capital Management LLC increased its holdings in The Pennant Group by 4.6% in the 1st quarter. Yousif Capital Management LLC now owns 24,711 shares of the company's stock valued at $460,000 after buying an additional 1,095 shares during the period. PNC Financial Services Group Inc. lifted its stake in The Pennant Group by 23.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,210 shares of the company's stock worth $68,000 after purchasing an additional 1,162 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its position in shares of The Pennant Group by 3.9% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 33,699 shares of the company's stock worth $351,000 after buying an additional 1,264 shares during the period. Institutional investors and hedge funds own 85.88% of the company's stock.

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.