The Pennant Group (NASDAQ:PNTG) Lowered to Hold Rating by Zacks Research

by · The Markets Daily

Zacks Research lowered shares of The Pennant Group (NASDAQ:PNTG – Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Several other analysts also recently issued reports on PNTG. Weiss Ratings restated a “hold (c)” rating on shares of The Pennant Group in a research note on Monday, December 29th. Stephens reissued an “overweight” rating and set a $40.00 target price on shares of The Pennant Group in a research note on Thursday, October 9th. William Blair started coverage on The Pennant Group in a report on Monday, December 8th. They set an “outperform” rating on the stock. Truist Financial upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating and upped their price target for the company from $28.00 to $34.00 in a research report on Tuesday, December 2nd. Finally, Wall Street Zen raised The Pennant Group from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.20.

Read Our Latest Stock Analysis on The Pennant Group

The Pennant Group Trading Down 0.7%

NASDAQ PNTG traded down $0.20 during trading hours on Monday, hitting $28.55. The company’s stock had a trading volume of 33,134 shares, compared to its average volume of 182,504. The Pennant Group has a twelve month low of $21.18 and a twelve month high of $30.46. The stock has a fifty day moving average of $27.92 and a 200 day moving average of $25.82. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $987.61 million, a P/E ratio of 37.97, a PEG ratio of 1.96 and a beta of 1.28.

The Pennant Group (NASDAQ:PNTG – Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The Pennant Group had a net margin of 3.15% and a return on equity of 9.37%. The firm had revenue of $229.04 million for the quarter, compared to the consensus estimate of $221.96 million. The Pennant Group has set its FY 2025 guidance at 1.140-1.180 EPS. Equities research analysts forecast that The Pennant Group will post 0.75 earnings per share for the current fiscal year.

Institutional Trading of The Pennant Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van Berkom & Associates Inc. grew its holdings in The Pennant Group by 10.1% during the third quarter. Van Berkom & Associates Inc. now owns 3,112,812 shares of the company’s stock worth $78,505,000 after buying an additional 284,856 shares in the last quarter. Ophir Asset Management Pty Ltd grew its stake in shares of The Pennant Group by 403.9% in the 2nd quarter. Ophir Asset Management Pty Ltd now owns 1,048,759 shares of the company’s stock worth $31,305,000 after acquiring an additional 840,642 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of The Pennant Group by 4.6% in the second quarter. Geode Capital Management LLC now owns 832,481 shares of the company’s stock valued at $24,853,000 after purchasing an additional 36,357 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of The Pennant Group by 8.2% during the third quarter. Dimensional Fund Advisors LP now owns 805,992 shares of the company’s stock valued at $20,327,000 after purchasing an additional 60,784 shares in the last quarter. Finally, WCM Investment Management LLC bought a new position in shares of The Pennant Group during the third quarter valued at about $16,100,000. 85.88% of the stock is owned by institutional investors.

The Pennant Group Company Profile

(Get Free Report)

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.

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