Barclays PLC Has $1.59 Million Stock Holdings in The Pennant Group, Inc. (NASDAQ:PNTG)

Barclays PLC lifted its position in The Pennant Group, Inc. (NASDAQ:PNTG) by 22.3% during the 4th quarter, Holdings Channel reports. The firm owned 60,070 shares of the company’s stock after buying an additional 10,969 shares during the quarter. Barclays PLC’s holdings in The Pennant Group were worth $1,593,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Summit Investment Advisors Inc. increased its holdings in shares of The Pennant Group by 20.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,414 shares of the company’s stock worth $91,000 after buying an additional 575 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in The Pennant Group during the 4th quarter valued at $188,000. LPL Financial LLC bought a new position in The Pennant Group in the 4th quarter valued at $225,000. Arizona State Retirement System boosted 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 purchasing an additional 1,121 shares in the last quarter. Finally, Integrated Quantitative Investments LLC acquired a new position in The Pennant Group in the fourth quarter worth $264,000. Institutional investors and hedge funds own 85.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PNTG shares. Stephens reaffirmed an “overweight” rating and issued a $38.00 price target on shares of The Pennant Group in a report on Wednesday, April 2nd. Truist Financial reduced their target price on shares of The Pennant Group from $32.00 to $28.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.80.

The Pennant Group Stock Performance

The Pennant Group stock opened at $26.69 on Friday. The company has a market cap of $926.73 million, a PE ratio of 39.25, a PEG ratio of 2.24 and a beta of 1.73. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.58. The Pennant Group, Inc. has a 1 year low of $20.78 and a 1 year high of $37.13. The company’s 50-day moving average is $24.66 and its two-hundred day moving average is $27.65.

The Pennant Group Company Profile

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.