USA Financial Formulas Makes New $121,000 Investment in The Pennant Group, Inc. (NASDAQ:PNTG)

USA Financial Formulas acquired a new position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) during the third quarter, HoldingsChannel reports. The firm acquired 3,384 shares of the company’s stock, valued at approximately $121,000.

Several other large investors have also added to or reduced their stakes in PNTG. Boone Capital Management LLC bought a new position in shares of The Pennant Group during the fourth quarter worth approximately $4,589,000. Quadrature Capital Ltd acquired a new stake in The Pennant Group in the 4th quarter valued at $288,000. Los Angeles Capital Management LLC raised its holdings in shares of The Pennant Group by 16.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 68,421 shares of the company’s stock worth $1,343,000 after acquiring an additional 9,480 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in The Pennant Group in the 1st quarter valued at $197,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of The Pennant Group by 101.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,908 shares of the company’s stock worth $450,000 after buying an additional 11,536 shares in the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.

The Pennant Group Trading Down 2.9 %

PNTG stock opened at $32.92 on Friday. The firm has a market cap of $997.81 million, a PE ratio of 52.25, a price-to-earnings-growth ratio of 3.48 and a beta of 2.01. The firm has a fifty day moving average price of $32.88 and a 200 day moving average price of $26.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.12 and a current ratio of 1.12. The Pennant Group, Inc. has a fifty-two week low of $10.31 and a fifty-two week high of $37.13.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The Pennant Group had a return on equity of 13.74% and a net margin of 3.16%. The company had revenue of $168.75 million for the quarter, compared to analyst estimates of $156.71 million. Sell-side analysts anticipate that The Pennant Group, Inc. will post 0.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PNTG has been the topic of several recent research reports. Stephens restated an “overweight” rating and set a $40.00 target price on shares of The Pennant Group in a research report on Wednesday. Oppenheimer raised their price target on The Pennant Group from $28.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Finally, Truist Financial boosted their price target on shares of The Pennant Group from $34.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday.

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.