The Pennant Group (NASDAQ:PNTG) Price Target Lowered to $28.00 at Truist Financial

The Pennant Group (NASDAQ:PNTG) had its target price reduced by Truist Financial from $32.00 to $28.00 in a research report report published on Friday morning,Benzinga reports. They currently have a hold rating on the stock.

PNTG has been the subject of a number of other reports. Oppenheimer boosted their price target on The Pennant Group from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Wells Fargo & Company started coverage on The Pennant Group in a research report on Thursday, December 19th. They issued an “equal weight” rating and a $33.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

The Pennant Group Trading Down 3.9 %

Shares of NASDAQ:PNTG opened at $22.21 on Friday. The Pennant Group has a 12-month low of $18.21 and a 12-month high of $37.13. The company has a market capitalization of $764.69 million, a PE ratio of 32.66, a PEG ratio of 2.24 and a beta of 2.06. The business has a 50 day moving average of $26.18 and a two-hundred day moving average of $30.22. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.58.

Institutional Trading of The Pennant Group

A number of institutional investors and hedge funds have recently made changes to their positions in PNTG. Van Berkom & Associates Inc. increased its position in shares of The Pennant Group by 2,635.6% in the fourth quarter. Van Berkom & Associates Inc. now owns 2,198,216 shares of the company’s stock valued at $58,297,000 after buying an additional 2,117,859 shares in the last quarter. FMR LLC increased its position in shares of The Pennant Group by 54.5% during the fourth quarter. FMR LLC now owns 3,906,327 shares of the company’s stock worth $103,596,000 after purchasing an additional 1,377,815 shares in the last quarter. Vanguard Group Inc. increased its position in shares of The Pennant Group by 11.0% during the fourth quarter. Vanguard Group Inc. now owns 2,261,564 shares of the company’s stock worth $59,977,000 after purchasing an additional 223,919 shares in the last quarter. Millennium Management LLC increased its position in shares of The Pennant Group by 1,274.9% during the fourth quarter. Millennium Management LLC now owns 181,767 shares of the company’s stock worth $4,820,000 after purchasing an additional 168,547 shares in the last quarter. Finally, Zimmer Partners LP purchased a new stake in shares of The Pennant Group during the fourth quarter worth approximately $3,978,000. 85.88% of the stock is currently owned by hedge funds and other institutional investors.

About The Pennant Group

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.