The Pennant Group, Inc. $PNTG Shares Bought by Wasatch Advisors LP

Wasatch Advisors LP raised its holdings in The Pennant Group, Inc. (NASDAQ:PNTG) by 31.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,870,178 shares of the company’s stock after purchasing an additional 451,491 shares during the quarter. Wasatch Advisors LP owned 0.05% of The Pennant Group worth $69,103,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PNTG. Vanguard Group Inc. lifted its holdings in shares of The Pennant Group by 4.2% in the 4th quarter. Vanguard Group Inc. now owns 2,049,968 shares of the company’s stock valued at $57,707,000 after buying an additional 82,071 shares during the period. Turtle Creek Asset Management Inc. boosted its stake in shares of The Pennant Group by 12,075.6% in the first quarter. Turtle Creek Asset Management Inc. now owns 1,582,823 shares of the company’s stock worth $48,244,000 after buying an additional 1,569,823 shares during the last quarter. Ophir Asset Management Pty Ltd grew its holdings in The Pennant Group by 24.1% during the fourth quarter. Ophir Asset Management Pty Ltd now owns 1,326,850 shares of the company’s stock worth $37,351,000 after acquiring an additional 257,840 shares during the period. Geode Capital Management LLC grew its holdings in The Pennant Group by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 820,048 shares of the company’s stock worth $23,089,000 after acquiring an additional 3,875 shares during the period. Finally, Wellington Management Group LLP raised its position in The Pennant Group by 71.1% during the fourth quarter. Wellington Management Group LLP now owns 817,914 shares of the company’s stock valued at $23,024,000 after acquiring an additional 339,870 shares in the last quarter. 85.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PNTG shares. Wells Fargo & Company upped their price objective on The Pennant Group from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday. Royal Bank Of Canada boosted their target price on shares of The Pennant Group from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Weiss Ratings raised shares of The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Truist Financial increased their price target on shares of The Pennant Group from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, The Pennant Group has an average rating of “Moderate Buy” and a consensus price target of $41.20.

The Pennant Group Stock Performance

Shares of PNTG stock opened at $38.17 on Wednesday. The company has a market capitalization of $1.33 billion, a P/E ratio of 42.41, a P/E/G ratio of 2.66 and a beta of 1.26. The business’s 50 day moving average is $37.42 and its two-hundred day moving average is $33.83. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.48. The Pennant Group, Inc. has a 12-month low of $22.25 and a 12-month high of $42.69.

The Pennant Group (NASDAQ:PNTG) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $297.98 million during the quarter, compared to analysts’ expectations of $288.71 million. The Pennant Group had a return on equity of 10.33% and a net margin of 2.93%.The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. Analysts expect that The Pennant Group, Inc. will post 1.14 EPS for the current fiscal year.

About The Pennant Group

The Pennant Group (NASDAQ: PNTG) is a publicly traded holding company that provides specialized services to the asset management industry. Through its operating subsidiaries, the company delivers outsourced fund administration, securities lending, prime brokerage, and capital markets solutions designed to support hedge funds, private equity firms, mutual funds and other institutional investors. By leveraging a combination of technology platforms and industry expertise, The Pennant Group helps clients streamline middle- and back-office processes, enhance operational efficiency and manage regulatory requirements.

Key service offerings include fund accounting and reporting, trade settlement and reconciliation, risk monitoring, securities lending programs and execution support across a range of asset classes.