The Pennant Group, Inc. (NASDAQ:PNTG) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in shares of The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 817,857 shares of the company's stock after buying an additional 50,502 shares during the period. Dimensional Fund Advisors LP owned about 2.38% of The Pennant Group worth $21,689,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of PNTG. Franklin Resources Inc. grew its stake in shares of The Pennant Group by 26.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,347 shares of the company's stock worth $638,000 after purchasing an additional 3,859 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of The Pennant Group by 68.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 205,922 shares of the company's stock worth $7,351,000 after acquiring an additional 83,664 shares in the last quarter. Barclays PLC grew its holdings in shares of The Pennant Group by 375.0% in the 3rd quarter. Barclays PLC now owns 49,101 shares of the company's stock worth $1,753,000 after acquiring an additional 38,763 shares during the period. Principal Financial Group Inc. increased its stake in The Pennant Group by 10.9% in the 4th quarter. Principal Financial Group Inc. now owns 14,000 shares of the company's stock valued at $371,000 after purchasing an additional 1,374 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in The Pennant Group by 36.6% during the fourth quarter. SG Americas Securities LLC now owns 14,923 shares of the company's stock worth $396,000 after purchasing an additional 3,997 shares during the last quarter. 85.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PNTG has been the subject of a number of research analyst reports. Stephens restated an "overweight" rating and issued a $38.00 price target on shares of The Pennant Group in a research report on Wednesday, April 2nd. Truist Financial lowered their price target on shares of The Pennant Group from $32.00 to $28.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, The Pennant Group has an average rating of "Moderate Buy" and an average price target of $34.80.

The Pennant Group Trading Up 0.8 %

Shares of PNTG traded up $0.23 during mid-day trading on Friday, reaching $28.40. The company had a trading volume of 421,200 shares, compared to its average volume of 226,343. The Pennant Group, Inc. has a fifty-two week low of $21.18 and a fifty-two week high of $37.13. The firm has a fifty day simple moving average of $25.04 and a 200-day simple moving average of $27.37. The stock has a market cap of $986.10 million, a price-to-earnings ratio of 41.77, a price-to-earnings-growth ratio of 2.24 and a beta of 1.56. 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 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.