The Pennant Group, Inc. (NASDAQ:PNTG - Get Free Report) Director Joanne Stringfield sold 380 shares of the company's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $33.56, for a total value of $12,752.80. Following the completion of the transaction, the director now directly owns 27,805 shares of the company's stock, valued at approximately $933,135.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
The Pennant Group Price Performance
PNTG stock opened at $33.53 on Friday. The business has a fifty day moving average of $33.94 and a two-hundred day moving average of $27.58. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 62.09, a price-to-earnings-growth ratio of 3.42 and a beta of 2.01. The Pennant Group, Inc. has a 52-week low of $10.46 and a 52-week high of $37.13. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.48.
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The Pennant Group (NASDAQ:PNTG - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The firm had revenue of $168.75 million for the quarter, compared to analyst estimates of $156.71 million. The Pennant Group had a net margin of 3.16% and a return on equity of 13.74%. As a group, research analysts anticipate that The Pennant Group, Inc. will post 0.75 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on PNTG. Oppenheimer boosted their target price on shares of The Pennant Group from $28.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, August 8th. Truist Financial lifted their price objective on shares of The Pennant Group from $34.00 to $38.00 and gave the company a "hold" rating in a report on Monday, October 7th. Royal Bank of Canada lifted their price objective on The Pennant Group from $26.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Stephens reissued an "overweight" rating and set a $40.00 price target on shares of The Pennant Group in a research report on Wednesday, October 9th.
View Our Latest Research Report on The Pennant Group
Institutional Investors Weigh In On The Pennant Group
Several institutional investors have recently made changes to their positions in PNTG. 8 Knots Management LLC grew its stake in The Pennant Group by 34.0% in the 1st quarter. 8 Knots Management LLC now owns 2,462,553 shares of the company's stock worth $48,340,000 after acquiring an additional 625,061 shares during the period. Vanguard Group Inc. grew its stake in The Pennant Group by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 1,859,679 shares of the company's stock valued at $36,505,000 after purchasing an additional 77,052 shares in the last quarter. First Eagle Investment Management LLC grew its position in shares of The Pennant Group by 2.1% during the second quarter. First Eagle Investment Management LLC now owns 391,748 shares of the company's stock worth $9,085,000 after buying an additional 8,000 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of The Pennant Group by 8.2% in the 1st quarter. Hillsdale Investment Management Inc. now owns 352,292 shares of the company's stock worth $6,915,000 after purchasing an additional 26,670 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in The Pennant Group by 17.1% during the second quarter. Renaissance Technologies LLC now owns 267,300 shares of the company's stock valued at $6,199,000 after buying an additional 39,000 shares in the last quarter. 85.88% of the stock is currently owned by hedge funds and other institutional investors.
The Pennant Group Company Profile
(
Get 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.
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