Cubist Systematic Strategies LLC raised its holdings in The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 210.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,887 shares of the company's stock after acquiring an additional 21,624 shares during the quarter. Cubist Systematic Strategies LLC owned 0.09% of The Pennant Group worth $846,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the company. FMR LLC increased its position in The Pennant Group by 54.5% during the 4th quarter. FMR LLC now owns 3,906,327 shares of the company's stock worth $103,596,000 after purchasing an additional 1,377,815 shares in the last quarter. 8 Knots Management LLC grew its holdings in The Pennant Group by 1.5% in the 4th quarter. 8 Knots Management LLC now owns 2,432,710 shares of the company's stock valued at $64,515,000 after buying an additional 35,975 shares during the period. Vanguard Group Inc. lifted its stake in shares of The Pennant Group by 11.0% in the 4th quarter. Vanguard Group Inc. now owns 2,261,564 shares of the company's stock valued at $59,977,000 after purchasing an additional 223,919 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in shares of The Pennant Group by 2,635.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 2,198,216 shares of the company's stock valued at $58,297,000 after purchasing an additional 2,117,859 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of The Pennant Group by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 817,857 shares of the company's stock valued at $21,689,000 after purchasing an additional 50,502 shares in the last quarter. Hedge funds and other institutional investors own 85.88% of the company's stock.
The Pennant Group Trading Up 0.5%
Shares of PNTG stock opened at $29.31 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.12 and a current ratio of 1.12. The Pennant Group, Inc. has a 1 year low of $21.18 and a 1 year high of $37.13. The stock has a fifty day moving average of $25.42 and a two-hundred day moving average of $27.32. The firm has a market capitalization of $1.01 billion, a PE ratio of 43.10, a price-to-earnings-growth ratio of 2.24 and a beta of 1.56.
Analysts Set New Price Targets
PNTG has been the topic of several recent research reports. Truist Financial boosted their price target on The Pennant Group from $28.00 to $32.00 and gave the stock a "hold" rating in a research report on Monday. Stephens reiterated an "overweight" rating and issued a $38.00 price target on shares of The Pennant Group in a report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, The Pennant Group currently has an average rating of "Moderate Buy" and a consensus target price of $35.60.
Get Our Latest Stock Report on The Pennant Group
About The Pennant Group
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding PNTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Pennant Group, Inc. (NASDAQ:PNTG - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider The Pennant Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Pennant Group wasn't on the list.
While The Pennant Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
