The Pennant Group (NASDAQ:PNTG) Sets New 52-Week High at $30.52

The Pennant Group, Inc. (NASDAQ:PNTG)’s stock price hit a new 52-week high on Monday . The stock traded as high as $30.52 and last traded at $29.72, with a volume of 112134 shares trading hands. The stock had previously closed at $29.31.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PNTG shares. Royal Bank of Canada raised their price objective on The Pennant Group from $21.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Truist Financial lifted their target price on The Pennant Group from $25.00 to $28.00 and gave the stock a “hold” rating in a research note on Monday, July 15th. Finally, Stephens reiterated an “overweight” rating and set a $25.00 target price on shares of The Pennant Group in a research note on Thursday, June 20th.

The Pennant Group Trading Up 5.3 %

The firm has a fifty day moving average of $24.27 and a two-hundred day moving average of $20.59. The company has a market cap of $927.22 million, a PE ratio of 57.30, a price-to-earnings-growth ratio of 3.10 and a beta of 2.01. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.51.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The Pennant Group had a return on equity of 13.42% and a net margin of 2.86%. The company had revenue of $156.92 million during the quarter, compared to analyst estimates of $146.01 million. As a group, sell-side analysts predict that The Pennant Group, Inc. will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PNTG. Vanguard Group Inc. grew its holdings in The Pennant Group by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,693,196 shares of the company’s stock valued at $18,845,000 after buying an additional 14,138 shares in the last quarter. SG Americas Securities LLC purchased a new position in The Pennant Group during the 4th quarter valued at about $107,000. Trust Point Inc. purchased a new position in shares of The Pennant Group during the fourth quarter worth about $229,000. DekaBank Deutsche Girozentrale purchased a new position in shares of The Pennant Group during the fourth quarter worth about $52,000. Finally, Cornercap Investment Counsel Inc. purchased a new position in shares of The Pennant Group during the fourth quarter worth about $596,000. Hedge funds and other institutional investors 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.