1 day Ago By Defense World Staff
Raymond James Financial Inc. acquired a new position in shares of The Pennant Group, Inc. (NASDAQ:PNTG – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor acquired 96,918 shares of the company’s stock, valued at approximately $2,570,000. Raymond James Financial Inc. owned approximately 0.
28% of The Pennant Group as of its most recent filing with the Securities and Exchange Commission. Several other large investors have also added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of The Pennant Group by 54.
5% in the fourth quarter. FMR LLC now owns 3,906,327 shares of the company’s stock valued at $103,596,000 after acquiring an additional 1,377,815 shares during the period. Vanguard Group Inc.
increased its stake in The Pennant Group by 11.0% in the 4th quarter. Vanguard Group Inc.
now owns 2,261,564 shares of the company’s stock worth $59,977,000 after acquiring an additional 223,919 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in The Pennant Group by 2,635.
6% in the 4th quarter. Van Berkom & Associates Inc. now owns 2,198,216 shares of the company’s stock worth $58,297,000 after acquiring an additional 2,117,859 shares during the last quarter.
Geode Capital Management LLC boosted its position in shares of The Pennant Group by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 767,628 shares of the company’s stock valued at $20,362,000 after acquiring an additional 85,496 shares during the last quarter.
Finally, First Eagle Investment Management LLC grew its holdings in shares of The Pennant Group by 9.5% during the fourth quarter. First Eagle Investment Management LLC now owns 414,848 shares of the company’s stock worth $11,002,000 after purchasing an additional 36,100 shares in the last quarter.
Institutional investors own 85.88% of the company’s stock. The Pennant Group Stock PerformanceThe Pennant Group stock opened at $25.
82 on Wednesday. The firm has a fifty day simple moving average of $24.62 and a two-hundred day simple moving average of $27.
78. The Pennant Group, Inc. has a twelve month low of $20.
23 and a twelve month high of $37.13. The company has a market capitalization of $896.
52 million, a PE ratio of 37.97, a P/E/G ratio of 2.24 and a beta of 1.
73. The company has a quick ratio of 1.12, a current ratio of 1.
12 and a debt-to-equity ratio of 0.58. Analyst Upgrades and DowngradesSeveral brokerages have issued reports on PNTG.
Stephens reiterated an “overweight” rating and set a $38.00 target price on shares of The Pennant Group in a research report on Wednesday, April 2nd. Truist Financial cut their target price on shares of The Pennant Group from $32.
00 to $28.00 and set a “hold” rating for the company in a research report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock.
Based on data from MarketBeat.com, The Pennant Group currently has an average rating of “Moderate Buy” and an average price target of $34.80.
Read Our Latest Stock Analysis on The Pennant GroupAbout 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.
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