1 week Ago By Defense World Staff
Arrowstreet Capital Limited Partnership decreased its stake in shares of The Pennant Group, Inc. ( NASDAQ:PNTG – Free Report ) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 304,607 shares of the company’s stock after selling 27,055 shares during the period. Arrowstreet Capital Limited Partnership owned 0.89% of The Pennant Group worth $8,078,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP raised its stake in shares of The Pennant Group by 371.6% in the third quarter.
Quarry LP now owns 1,014 shares of the company’s stock worth $36,000 after acquiring an additional 799 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of The Pennant Group in the fourth quarter valued at approximately $188,000. HighTower Advisors LLC bought a new position in The Pennant Group in the 3rd quarter worth approximately $282,000.
LPL Financial LLC acquired a new position in The Pennant Group during the 4th quarter worth $225,000. Finally, Arizona State Retirement System boosted its position in The Pennant Group by 13.0% in the 4th quarter.
Arizona State Retirement System now owns 9,773 shares of the company’s stock valued at $259,000 after buying an additional 1,121 shares during the last quarter. Institutional investors own 85.88% of the company’s stock.
Analyst Ratings Changes A number of research firms have recently weighed in on PNTG. Wells Fargo & Company initiated coverage on The Pennant Group in a research report on Thursday, December 19th. They set an “equal weight” rating and a $33.
00 target price for the company. Stephens reissued an “overweight” rating and set a $38.00 price objective on shares of The Pennant Group in a report on Wednesday, April 2nd.
Finally, Truist Financial reduced their target price on shares of The Pennant Group from $32.00 to $28.00 and set a “hold” rating on the stock in a research note on Friday, March 7th.
Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.
80. The Pennant Group Trading Down 3.9 % NASDAQ PNTG opened at $24.
57 on Monday. The Pennant Group, Inc. has a 12 month low of $19.
37 and a 12 month high of $37.13. The stock has a 50-day simple moving average of $25.
17 and a 200 day simple moving average of $28.89. The company has a current ratio of 1.
12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.58.
The company has a market capitalization of $845.95 million, a PE ratio of 36.13, a P/E/G ratio of 2.
24 and a beta of 1.73. About The Pennant Group ( Free Report ) 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. Read More Five stocks we like better than The Pennant Group REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today Newsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential? Why Invest in High-Yield Dividend Stocks? Disney 2025 Shareholders: Major Updates for Investors What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story Advance Auto Parts Stock: A Classic Rebound Play in the Making Want to see what other hedge funds are holding PNTG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Pennant Group, Inc. ( NASDAQ:PNTG – Free Report ). Receive News & Ratings for The Pennant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Pennant Group and related companies with MarketBeat.
com's FREE daily email newsletter ..
