The Pennant Group (NASDAQ:PNTG) Stock Price Down 4.7% - Time to Sell?

The Pennant Group, Inc. (NASDAQ:PNTG - Get Free Report) shares were down 4.7% during mid-day trading on Wednesday . The stock traded as low as $26.00 and last traded at $25.76. Approximately 65,893 shares were traded during trading, a decline of 72% from the average daily volume of 231,610 shares. The stock had previously closed at $27.02.

Wall Street Analyst Weigh In

Several brokerages recently commented on PNTG. Truist Financial increased 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 report on Monday, May 12th. Stephens reaffirmed an "overweight" rating and issued a $35.00 price target on shares of The Pennant Group in a report on Tuesday, June 10th. Finally, Wells Fargo & Company boosted their price objective on shares of The Pennant Group from $30.00 to $31.00 and gave the company an "equal weight" rating in a report on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.60.

The Pennant Group Trading Up 1.5%

The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.41 and a current ratio of 1.41. The company's fifty day moving average is $28.13 and its two-hundred day moving average is $26.54. The company has a market cap of $906.39 million, a price-to-earnings ratio of 34.60, a P/E/G ratio of 2.24 and a beta of 1.51.

Insider Activity

In other news, Director Joanne Stringfield sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $29.47, for a total transaction of $147,350.00. Following the completion of the transaction, the director directly owned 30,275 shares of the company's stock, valued at $892,204.25. This represents a 14.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 5.40% of the stock is currently owned by insiders.

Institutional Trading of The Pennant Group

Institutional investors have recently modified their holdings of the stock. NBC Securities Inc. acquired a new position in shares of The Pennant Group during the first quarter valued at approximately $25,000. Turtle Creek Asset Management Inc. grew its stake in The Pennant Group by 150.0% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,500 shares of the company's stock valued at $66,000 after acquiring an additional 1,500 shares in the last quarter. Quarry LP increased 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 during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of The Pennant Group by 20.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,414 shares of the company's stock worth $91,000 after acquiring an additional 575 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado acquired a new stake in The Pennant Group during the fourth quarter worth about $122,000. Institutional investors and hedge funds own 85.88% of the company's stock.

The Pennant Group Company 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.