Tudor Investment Corp ET AL Has $1.67 Million Position in The Pennant Group, Inc. (NASDAQ:PNTG)

Tudor Investment Corp ET AL cut its holdings in shares of The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 36.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,114 shares of the company's stock after selling 36,340 shares during the quarter. Tudor Investment Corp ET AL owned 0.18% of The Pennant Group worth $1,674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP boosted its holdings in shares of The Pennant Group by 166.8% during the fourth quarter. Quarry LP now owns 2,705 shares of the company's stock worth $72,000 after purchasing an additional 1,691 shares during the period. Summit Investment Advisors Inc. lifted its position in 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 buying an additional 575 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in shares of The Pennant Group during the 4th quarter valued at $122,000. KLP Kapitalforvaltning AS purchased a new position in shares of The Pennant Group during the 4th quarter valued at $188,000. Finally, LPL Financial LLC acquired a new position in shares of The Pennant Group in the fourth quarter worth $225,000. Hedge funds and other institutional investors own 85.88% of the company's stock.

The Pennant Group Stock Up 0.8 %

Shares of NASDAQ:PNTG traded up $0.23 on Friday, reaching $28.40. The company had a trading volume of 421,200 shares, compared to its average volume of 226,343. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $986.10 million, a P/E ratio of 41.77, a P/E/G ratio of 2.24 and a beta of 1.56. The stock has a 50-day moving average price of $25.04 and a 200 day moving average price of $27.37. The Pennant Group, Inc. has a twelve month low of $21.18 and a twelve month high of $37.13.

Wall Street Analysts Forecast Growth

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

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.