The Pennant Group (NASDAQ:PNTG) Rating Reiterated by Stephens

The Pennant Group (NASDAQ:PNTG - Get Free Report)'s stock had its "overweight" rating restated by stock analysts at Stephens in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $23.00 target price on the stock. Stephens' price objective points to a potential upside of 10.00% from the stock's current price.

PNTG has been the subject of a number of other research reports. Truist Financial lifted 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 note on Friday, March 1st. Oppenheimer boosted their price objective on shares of The Pennant Group from $18.00 to $22.00 and gave the stock an "outperform" rating in a research report on Friday, March 1st.

The Pennant Group Stock Down 3.1 %

The Pennant Group stock traded down $0.66 during trading on Tuesday, reaching $20.91. The stock had a trading volume of 318,912 shares, compared to its average volume of 147,376. The Pennant Group has a 52-week low of $10.31 and a 52-week high of $22.00. The business has a 50 day moving average price of $19.87 and a 200 day moving average price of $16.18. 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 stock has a market cap of $627.51 million, a PE ratio of 47.52, a P/E/G ratio of 2.26 and a beta of 2.01.

The Pennant Group (NASDAQ:PNTG - Get Free Report) last issued 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 Pennant Group had a return on equity of 12.78% and a net margin of 2.46%. The firm had revenue of $145.95 million during the quarter, compared to analysts' expectations of $136.79 million. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, analysts predict that The Pennant Group will post 0.73 EPS for the current year.

Institutional Trading of The Pennant Group

Institutional investors have recently modified their holdings of the stock. AJOVista LLC acquired a new position in shares of The Pennant Group in the 4th quarter valued at $35,000. DekaBank Deutsche Girozentrale acquired a new position in shares of The Pennant Group in the 4th quarter valued at $52,000. Allspring Global Investments Holdings LLC increased its holdings in shares of The Pennant Group by 21.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,443 shares of the company's stock valued at $61,000 after acquiring an additional 944 shares during the period. SG Americas Securities LLC acquired a new position in shares of The Pennant Group in the 4th quarter valued at $107,000. Finally, Mackenzie Financial Corp acquired a new position in shares of The Pennant Group in the 4th quarter valued at $155,000. Hedge funds and other institutional investors own 85.88% of the company's stock.

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.