1 day Ago By ABMN Staff
Raymond James Financial Inc. acquired a new stake in shares of The Pennant Group, Inc. ( NASDAQ:PNTG – Free Report ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor acquired 96,918 shares of the company’s stock, valued at approximately $2,570,000. Other institutional investors also recently modified their holdings of the company. Corebridge Financial Inc.
raised its position in The Pennant Group by 6.2% during the 4th quarter. Corebridge Financial Inc.
now owns 16,227 shares of the company’s stock valued at $430,000 after purchasing an additional 954 shares during the last quarter. Arizona State Retirement System lifted its stake in The Pennant Group by 13.0% in the fourth quarter.
Arizona State Retirement System now owns 9,773 shares of the company’s stock worth $259,000 after acquiring an additional 1,121 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in The Pennant Group by 0.
6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 190,882 shares of the company’s stock valued at $5,062,000 after acquiring an additional 1,200 shares in the last quarter.
Principal Financial Group Inc. increased its position in The Pennant Group by 10.9% during the 4th quarter.
Principal Financial Group Inc. now owns 14,000 shares of the company’s stock valued at $371,000 after purchasing an additional 1,374 shares during the period. Finally, Rhumbline Advisers raised its holdings in The Pennant Group by 6.
0% in the 4th quarter. Rhumbline Advisers now owns 43,673 shares of the company’s stock worth $1,158,000 after purchasing an additional 2,480 shares in the last quarter. 85.
88% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth A number of equities analysts recently issued reports on the stock. Truist Financial decreased their price target on shares of The Pennant Group from $32.
00 to $28.00 and set a “hold” rating for the company in a research note on Friday, March 7th. Stephens restated an “overweight” rating and set a $38.
00 price target on shares of The Pennant Group in a research report on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.
com, The Pennant Group currently has a consensus rating of “Moderate Buy” and an average target price of $34.80. The Pennant Group Stock Performance The Pennant Group stock opened at $25.
82 on Wednesday. The stock’s 50 day moving average is $24.62 and its 200 day moving average is $27.
78. The company has a market capitalization of $896.52 million, a P/E ratio of 37.
97, a PEG ratio of 2.24 and a beta of 1.73.
The Pennant Group, Inc. has a twelve month low of $20.23 and a twelve month 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 0.58. The Pennant Group Profile ( 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. Read More Want to see what other hedge funds are holding PNTG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Pennant Group, Inc. ( NASDAQ:PNTG – Free Report ). Receive News & Ratings for The Pennant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Pennant Group and related companies with MarketBeat.
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