19,200 Shares in The Pennant Group, Inc. (NASDAQ:PNTG) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new position in shares of The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,200 shares of the company's stock, valued at approximately $685,000. Point72 Asset Management L.P. owned about 0.06% of The Pennant Group as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in PNTG. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in The Pennant Group by 292.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,738 shares of the company's stock worth $504,000 after acquiring an additional 16,200 shares during the last quarter. FMR LLC grew its stake in shares of The Pennant Group by 51.3% during the third quarter. FMR LLC now owns 2,528,512 shares of the company's stock valued at $90,268,000 after purchasing an additional 856,838 shares during the last quarter. Bailard Inc. acquired a new stake in shares of The Pennant Group in the second quarter valued at approximately $253,000. Atom Investors LP bought a new position in The Pennant Group in the 3rd quarter worth approximately $3,981,000. Finally, PDT Partners LLC acquired a new position in The Pennant Group during the 3rd quarter worth $588,000. Institutional investors own 85.88% of the company's stock.

The Pennant Group Trading Down 2.5 %

Shares of The Pennant Group stock traded down $0.74 during trading on Thursday, hitting $29.27. 85,407 shares of the company were exchanged, compared to its average volume of 199,805. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $1.01 billion, a P/E ratio of 43.04, a price-to-earnings-growth ratio of 3.07 and a beta of 1.95. The firm's fifty day moving average price is $32.47 and its 200 day moving average price is $29.99. The Pennant Group, Inc. has a 1-year low of $13.39 and a 1-year high of $37.13.

Analyst Upgrades and Downgrades

PNTG has been the subject of several research reports. Oppenheimer lifted their target price on The Pennant Group from $34.00 to $37.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Stephens reiterated an "overweight" rating and issued a $40.00 price objective on shares of The Pennant Group in a research report on Wednesday, October 9th. Royal Bank of Canada upped their target price on shares of The Pennant Group from $26.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Finally, Truist Financial lifted their price target on shares of The Pennant Group from $34.00 to $38.00 and gave the stock a "hold" rating in a research report on Monday, October 7th.

The Pennant Group 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.