The Pennant Group (NASDAQ:PNTG) Sets New 12-Month High - Time to Buy?

Key Points

• The Pennant Group reached a new 52-week high, trading as high as $42.97 and closing near $42.91. Its shares are above both the 50-day and 200-day moving averages.
• Analyst sentiment remains favorable: five analysts rate the stock a Buy and one a Hold, producing a “Moderate Buy” consensus and an average price target of $46.00.
• The company exceeded quarterly expectations, reporting adjusted earnings of $0.36 per share versus the $0.33 consensus and revenue of $297.98 million versus estimates of $288.71 million. Institutional investors own approximately 85.88% of the stock.

The Pennant Group, Inc. (NASDAQ:PNTG - Get Free Report) hit a new 52-week high during trading on Monday. The stock traded as high as $42.97 and last traded at $42.91, with a volume of 64,766 shares traded. The stock had previously closed at $41.88.

Analyst Upgrades and Downgrades

PNTG has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on shares of The Pennant Group from $45.00 to $46.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded shares of The Pennant Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 19th. Royal Bank Of Canada increased their price target on shares of The Pennant Group from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Thursday, August 20th. Finally, Truist Financial raised their price objective on shares of The Pennant Group from $42.00 to $48.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $46.00.

The Pennant Group Stock Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $1.49 billion, a P/E ratio of 47.26, a PEG ratio of 2.73 and a beta of 1.25. The business has a 50-day moving average price of $39.64 and a 200 day moving average price of $36.90.

The Pennant Group (NASDAQ:PNTG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. The company had revenue of $297.98 million during the quarter, compared to analyst estimates of $288.71 million. The Pennant Group had a return on equity of 10.33% and a net margin of 2.93%. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. As a group, sell-side analysts forecast that The Pennant Group, Inc. will post 1.18 EPS for the current fiscal year.

Hedge Funds Weigh In On The Pennant Group

Several institutional investors and hedge funds have recently modified their holdings of PNTG. Sigma Planning Corp purchased a new stake in The Pennant Group during the 3rd quarter valued at about $1,573,000. Sterling Capital Management LLC raised its holdings in The Pennant Group by 846.7% in the third quarter. Sterling Capital Management LLC now owns 1,136 shares of the company's stock worth $44,000 after buying an additional 1,016 shares during the last quarter. Kings Path Partners LLC bought a new position in shares of The Pennant Group in the third quarter worth approximately $684,000. Pinnacle Associates Ltd. increased its position in shares of The Pennant Group by 3.5% during the third quarter. Pinnacle Associates Ltd. now owns 38,594 shares of the company's stock valued at $1,505,000 after acquiring an additional 1,313 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in The Pennant Group by 45.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,413 shares of the company's stock worth $133,000 after acquiring an additional 1,065 shares during the last quarter. 85.88% of the stock is currently owned by institutional investors.

About The Pennant Group

The Pennant Group, Inc is a healthcare services company that operates home health, hospice and senior living businesses in the United States. Through its affiliated agencies and communities, the company provides skilled nursing, physical, occupational and speech therapy, personal care, hospice and palliative services, assisted living, and other support for older adults and individuals recovering from illness or injury.

Pennant's home health and hospice operations serve patients in their homes and other residential settings, while its senior living segment operates communities that provide assisted living and related services.

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