The Pennant Group, Inc. $PNTG Stake Lifted by Sei Investments Co.

Sei Investments Co. grew its position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 33.7% during the 1st quarter, Holdings Channel reports. The firm owned 153,546 shares of the company’s stock after purchasing an additional 38,735 shares during the period. Sei Investments Co.’s holdings in The Pennant Group were worth $4,680,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in The Pennant Group by 4.2% in the 4th quarter. Vanguard Group Inc. now owns 2,049,968 shares of the company’s stock worth $57,707,000 after purchasing an additional 82,071 shares during the period. Wasatch Advisors LP lifted its holdings in shares of The Pennant Group by 143.2% in the first quarter. Wasatch Advisors LP now owns 1,418,687 shares of the company’s stock valued at $43,242,000 after purchasing an additional 835,227 shares in the last quarter. Ophir Asset Management Pty Ltd boosted its position in shares of The Pennant Group by 24.1% in the fourth quarter. Ophir Asset Management Pty Ltd now owns 1,326,850 shares of the company’s stock worth $37,351,000 after buying an additional 257,840 shares during the period. Geode Capital Management LLC boosted its position in shares of The Pennant Group by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 820,048 shares of the company’s stock worth $23,089,000 after buying an additional 3,875 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of 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 buying an additional 339,870 shares in the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.

The Pennant Group Trading Up 0.5%

The Pennant Group stock opened at $38.81 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.19 and a current ratio of 1.19. The business’s 50-day simple moving average is $36.93 and its 200-day simple moving average is $33.56. The firm has a market capitalization of $1.35 billion, a PE ratio of 45.66, a PEG ratio of 2.59 and a beta of 1.26. The Pennant Group, Inc. has a 52 week low of $21.83 and a 52 week high of $42.69.

The Pennant Group (NASDAQ:PNTG) last announced its earnings results on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. The firm had revenue of $297.98 million during the quarter, compared to the consensus estimate of $288.71 million. The Pennant Group had a return on equity of 10.07% and a net margin of 2.96%.The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. Equities research analysts forecast that The Pennant Group, Inc. will post 1.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings cut The Pennant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Wells Fargo & Company increased their price target on shares of The Pennant Group from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Royal Bank Of Canada raised their price target on shares of The Pennant Group from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Wall Street Zen upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, Truist Financial boosted their price target on shares of The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

The Pennant Group Profile

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.