The Pennant Group (NASDAQ:PNTG) Earns Overweight Rating from Stephens

Key Points

• Stephens has reiterated an "overweight" rating for The Pennant Group (NASDAQ:PNTG) with a target price of $40.00, indicating a potential upside of 62.01% from its current price.
• Other analysts have mixed views: Wells Fargo reduced their target to $29.00 with an "equal weight" rating, while Wall Street Zen upgraded it to a "buy".
• The Pennant Group has a market capitalization of $853.34 million and institutional investors own 85.88% of its stock.

Stephens reissued their overweight rating on shares of The Pennant Group (NASDAQ:PNTG - Free Report) in a research report sent to investors on Thursday,Benzinga reports. They currently have a $40.00 target price on the stock.

PNTG has been the topic of several other reports. Wall Street Zen upgraded The Pennant Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Wells Fargo & Company lowered their price target on The Pennant Group from $31.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 14th. Finally, Truist Financial lowered their price target on The Pennant Group from $32.00 to $28.00 and set a "hold" rating on the stock in a research report on Wednesday, July 16th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, The Pennant Group currently has a consensus rating of "Moderate Buy" and an average price target of $34.40.

The Pennant Group Stock Performance

The Pennant Group stock traded up $0.22 during mid-day trading on Thursday, hitting $24.51. 265,711 shares of the company's stock traded hands, compared to its average volume of 256,459. The firm has a 50 day moving average price of $24.54 and a 200 day moving average price of $25.72. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.11. The company has a market cap of $847.07 million, a PE ratio of 31.42, a price-to-earnings-growth ratio of 2.00 and a beta of 1.31. The Pennant Group has a one year low of $21.18 and a one year high of $37.13.

Hedge Funds Weigh In On The Pennant Group

A number of hedge funds have recently modified their holdings of PNTG. NBC Securities Inc. acquired a new position in shares of The Pennant Group in the 1st quarter worth $25,000. Turtle Creek Asset Management Inc. grew its holdings in shares of The Pennant Group by 150.0% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,500 shares of the company's stock worth $66,000 after acquiring an additional 1,500 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of The Pennant Group by 161.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,987 shares of the company's stock worth $119,000 after acquiring an additional 2,463 shares during the last quarter. State of Wyoming grew its holdings in shares of The Pennant Group by 41.3% in the 1st quarter. State of Wyoming now owns 6,170 shares of the company's stock worth $155,000 after acquiring an additional 1,803 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of The Pennant Group by 7,124.5% in the 1st quarter. GAMMA Investing LLC now owns 7,947 shares of the company's stock worth $200,000 after acquiring an additional 7,837 shares during the last quarter. 85.88% of the stock is currently owned by institutional investors and hedge funds.

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.