Semanteon Capital Management LP Increases Stock Holdings in The Pennant Group, Inc. (NASDAQ:PNTG)

Semanteon Capital Management LP raised its stake in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 26.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,039 shares of the company’s stock after purchasing an additional 6,703 shares during the quarter. Semanteon Capital Management LP’s holdings in The Pennant Group were worth $850,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. D.A. Davidson & CO. lifted its holdings in The Pennant Group by 4.0% in the third quarter. D.A. Davidson & CO. now owns 15,126 shares of the company’s stock worth $540,000 after buying an additional 575 shares during the period. Quarry LP boosted its holdings in shares of The Pennant Group by 371.6% during the 3rd quarter. Quarry LP now owns 1,014 shares of the company’s stock valued at $36,000 after buying an additional 799 shares in the last quarter. Arizona State Retirement System grew its position in shares of The Pennant Group by 13.0% in the 4th quarter. Arizona State Retirement System now owns 9,773 shares of the company’s stock worth $259,000 after buying an additional 1,121 shares during the period. Principal Financial Group Inc. increased its stake in shares of The Pennant Group by 10.9% in the 4th quarter. Principal Financial Group Inc. now owns 14,000 shares of the company’s stock worth $371,000 after acquiring an additional 1,374 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in The Pennant Group by 11.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,214 shares of the company’s stock worth $864,000 after acquiring an additional 2,476 shares in the last quarter. Institutional investors own 85.88% of the company’s stock.

The Pennant Group Trading Down 0.5 %

The Pennant Group stock opened at $24.13 on Friday. The Pennant Group, Inc. has a one year low of $19.28 and a one year high of $37.13. The business’s fifty day moving average is $25.68 and its 200 day moving average is $29.61. The stock has a market capitalization of $830.80 million, a PE ratio of 35.49, a price-to-earnings-growth ratio of 2.24 and a beta of 2.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.12 and a quick ratio of 1.12.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Truist Financial lowered their target price on shares of The Pennant Group from $32.00 to $28.00 and set a “hold” rating for the company in a report on Friday, March 7th. Wells Fargo & Company initiated coverage on The Pennant Group in a report on Thursday, December 19th. They issued an “equal weight” rating and a $33.00 target price on the stock. Finally, Stephens reissued an “overweight” rating and issued a $38.00 target price on shares of The Pennant Group in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, The Pennant Group currently has an average rating of “Moderate Buy” and a consensus price target of $34.80.

The Pennant Group 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.