The Pennant Group, Inc. (NASDAQ:PNTG) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its holdings in The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 22.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 424,880 shares of the company's stock after purchasing an additional 77,980 shares during the period. Northern Trust Corp owned 1.24% of The Pennant Group worth $11,268,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of PNTG. Quarry LP lifted its holdings in shares of The Pennant Group by 166.8% in the fourth quarter. Quarry LP now owns 2,705 shares of the company's stock valued at $72,000 after purchasing an additional 1,691 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of The Pennant Group by 20.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,414 shares of the company's stock valued at $91,000 after purchasing an additional 575 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new position in shares of The Pennant Group during the fourth quarter valued at approximately $122,000. KLP Kapitalforvaltning AS purchased a new position in shares of The Pennant Group during the fourth quarter valued at approximately $188,000. Finally, LPL Financial LLC purchased a new position in shares of The Pennant Group during the fourth quarter valued at approximately $225,000. Hedge funds and other institutional investors own 85.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PNTG shares. Stephens reissued an "overweight" rating and set a $38.00 price objective on shares of The Pennant Group in a research note on Wednesday, April 2nd. Truist Financial upped their price objective on shares of The Pennant Group from $28.00 to $32.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, The Pennant Group has an average rating of "Moderate Buy" and a consensus price target of $35.60.

The Pennant Group Trading Down 2.0%

Shares of The Pennant Group stock traded down $0.57 during trading hours on Thursday, hitting $28.06. The company's stock had a trading volume of 111,997 shares, compared to its average volume of 224,001. The Pennant Group, Inc. has a 1-year low of $21.18 and a 1-year high of $37.13. The business has a fifty day moving average of $26.14 and a 200 day moving average of $27.17. The company has a market capitalization of $967.20 million, a PE ratio of 41.27, a P/E/G ratio of 2.24 and a beta of 1.56. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.58.

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.