Tudor Investment Corp ET AL Sells 36,340 Shares of 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% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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.

A number of other hedge funds have also recently made changes to their positions in PNTG. Public Employees Retirement Association of Colorado purchased a new position in The Pennant Group in the 4th quarter worth $122,000. 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 worth $72,000 after buying an additional 1,691 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of The Pennant Group in the 4th quarter valued at about $374,000. Nebula Research & Development LLC purchased a new stake in The Pennant Group during the 4th quarter valued at about $338,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in The Pennant Group during the 4th quarter worth approximately $1,962,000. 85.88% of the stock is currently owned by institutional investors.

The Pennant Group Price Performance

Shares of The Pennant Group stock opened at $26.69 on Monday. The business has a 50 day moving average of $24.66 and a 200 day moving average of $27.54. The Pennant Group, Inc. has a 52 week low of $20.78 and a 52 week high of $37.13. The company has a market cap of $926.73 million, a PE ratio of 39.25, a P/E/G ratio of 2.24 and a beta of 1.56. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.58.

Analyst Ratings Changes

PNTG has been the subject of a number of analyst reports. Truist Financial dropped their price objective 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. Stephens reissued an "overweight" rating and issued a $38.00 price target on shares of The Pennant Group in a report on Wednesday, April 2nd. 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 presently has a consensus rating of "Moderate Buy" and an average price target of $34.80.

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.

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