Nebula Research & Development LLC Takes Position in The Pennant Group, Inc. (NASDAQ:PNTG)

Nebula Research & Development LLC acquired a new position in shares of The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,741 shares of the company's stock, valued at approximately $338,000.

Other large investors also recently made changes to their positions in the company. FMR LLC increased its position in shares of The Pennant Group by 54.5% during the fourth quarter. FMR LLC now owns 3,906,327 shares of the company's stock worth $103,596,000 after acquiring an additional 1,377,815 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of The Pennant Group by 11.0% in the fourth quarter. Vanguard Group Inc. now owns 2,261,564 shares of the company's stock valued at $59,977,000 after acquiring an additional 223,919 shares in the last quarter. Van Berkom & Associates Inc. increased its position in shares of The Pennant Group by 2,635.6% during the fourth quarter. Van Berkom & Associates Inc. now owns 2,198,216 shares of the company's stock valued at $58,297,000 after acquiring an additional 2,117,859 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in The Pennant Group by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 817,857 shares of the company's stock worth $21,689,000 after acquiring an additional 50,502 shares during the period. Finally, Geode Capital Management LLC boosted its position in The Pennant Group by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 767,628 shares of the company's stock worth $20,362,000 after purchasing an additional 85,496 shares during the last quarter. 85.88% of the stock is currently owned by institutional investors and hedge funds.

The Pennant Group Trading Down 0.2 %

NASDAQ PNTG traded down $0.04 on Tuesday, hitting $26.70. The company's stock had a trading volume of 14,793 shares, compared to its average volume of 224,115. 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 Pennant Group, Inc. has a 52-week low of $20.78 and a 52-week high of $37.13. The firm has a market cap of $926.94 million, a P/E ratio of 39.14, a PEG ratio of 2.24 and a beta of 1.56. The company's 50-day simple moving average is $24.68 and its 200 day simple moving average is $27.48.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Stephens reiterated an "overweight" rating and issued a $38.00 target price on shares of The Pennant Group in a research note on Wednesday, April 2nd. 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 research note on Friday, March 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.80.

The Pennant Group 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.