The Pennant Group, Inc. (NASDAQ:PNTG) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC boosted its position in shares of The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 414,848 shares of the company's stock after purchasing an additional 36,100 shares during the quarter. First Eagle Investment Management LLC owned approximately 1.21% of The Pennant Group worth $11,002,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PNTG. Quarry LP boosted its position in The Pennant Group by 371.6% during the third quarter. Quarry LP now owns 1,014 shares of the company's stock worth $36,000 after purchasing an additional 799 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of The Pennant Group by 460.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,311 shares of the company's stock valued at $118,000 after acquiring an additional 2,720 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of The Pennant Group in the third quarter valued at $232,000. Arizona State Retirement System lifted its position in shares of The Pennant Group by 13.0% in the fourth quarter. Arizona State Retirement System now owns 9,773 shares of the company's stock valued at $259,000 after acquiring an additional 1,121 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of The Pennant Group in the third quarter valued at $282,000. 85.88% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several brokerages have recently issued reports on PNTG. Wells Fargo & Company began 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 on the stock. Stephens reiterated an "overweight" rating and issued a $38.00 target price on shares of The Pennant Group in a research note on Tuesday, March 11th. Finally, Truist Financial dropped their target price on 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, The Pennant Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.80.

The Pennant Group Trading Up 0.7 %

The Pennant Group stock traded up $0.17 during trading on Wednesday, hitting $24.26. The company's stock had a trading volume of 100,625 shares, compared to its average volume of 212,730. The stock has a market capitalization of $835.27 million, a price-to-earnings ratio of 35.68, a P/E/G ratio of 2.24 and a beta of 2.06. The stock's fifty day moving average is $25.77 and its 200 day moving average is $29.68. The Pennant Group, Inc. has a 1-year low of $18.58 and a 1-year high of $37.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.12 and a current ratio of 1.12.

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.