The Pennant Group (NASDAQ:PNTG) Hits New 12-Month High at $21.00

The Pennant Group, Inc. (NASDAQ:PNTG - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $21.00 and last traded at $20.94, with a volume of 144722 shares traded. The stock had previously closed at $20.30.

Analyst Ratings Changes

PNTG has been the subject of several recent analyst reports. Oppenheimer raised their target price on shares of 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 raised their target price for the stock from $14.00 to $18.00 in a report on Friday, January 5th. Finally, Truist Financial increased their price target on shares of The Pennant Group from $16.00 to $21.00 and gave the stock a "hold" rating in a research report on Friday, March 1st.

The Pennant Group Stock Up 2.7 %

The business's 50-day moving average price is $18.85 and its 200-day moving average price is $15.41. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $633.63 million, a PE ratio of 47.39, a price-to-earnings-growth ratio of 2.14 and a beta of 2.06.

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

Institutional Investors Weigh In On The Pennant Group

Several hedge funds and other institutional investors have recently modified their holdings of PNTG. AJOVista LLC acquired a new stake in shares of The Pennant Group in the fourth quarter worth $35,000. DekaBank Deutsche Girozentrale acquired a new stake in The Pennant Group during the fourth quarter worth $52,000. Allspring Global Investments Holdings LLC boosted its stake in 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 buying an additional 944 shares in the last quarter. SG Americas Securities LLC acquired a new stake in The Pennant Group during the fourth quarter worth $107,000. Finally, Mackenzie Financial Corp acquired a new stake in The Pennant Group during the fourth quarter worth $155,000. 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.