GSA Capital Partners LLP Sells 34,590 Shares of The Pennant Group, Inc. (NASDAQ:PNTG)

GSA Capital Partners LLP decreased its position in shares of The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 81.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,105 shares of the company's stock after selling 34,590 shares during the period. GSA Capital Partners LLP's holdings in The Pennant Group were worth $289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. 8 Knots Management LLC raised its holdings in shares of The Pennant Group by 34.0% during the 1st quarter. 8 Knots Management LLC now owns 2,462,553 shares of the company's stock valued at $48,340,000 after purchasing an additional 625,061 shares in the last quarter. Vanguard Group Inc. increased its stake in The Pennant Group by 4.3% in the first quarter. Vanguard Group Inc. now owns 1,859,679 shares of the company's stock valued at $36,505,000 after acquiring an additional 77,052 shares during the period. First Eagle Investment Management LLC raised its stake in The Pennant Group by 2.1% during the second quarter. First Eagle Investment Management LLC now owns 391,748 shares of the company's stock worth $9,085,000 after acquiring an additional 8,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of The Pennant Group by 17.1% in the second quarter. Renaissance Technologies LLC now owns 267,300 shares of the company's stock valued at $6,199,000 after acquiring an additional 39,000 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in The Pennant Group by 10.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 130,195 shares of the company's stock worth $3,019,000 after acquiring an additional 12,141 shares during the last quarter. Institutional investors own 85.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PNTG shares. Truist Financial increased their price target on The Pennant Group from $34.00 to $38.00 and gave the company a "hold" rating in a research note on Monday, October 7th. Stephens reiterated an "overweight" rating and set a $40.00 target price on shares of The Pennant Group in a report on Wednesday, October 9th. Royal Bank of Canada boosted their price objective on shares of The Pennant Group from $26.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Finally, Oppenheimer boosted their price target on The Pennant Group from $34.00 to $37.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th.

The Pennant Group Price Performance

PNTG traded up $0.64 on Friday, reaching $31.14. The stock had a trading volume of 309,032 shares, compared to its average volume of 241,825. The firm has a 50-day moving average of $33.56 and a 200-day moving average of $29.27. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 45.79, a price-to-earnings-growth ratio of 3.11 and a beta of 2.02. The Pennant Group, Inc. has a fifty-two week low of $13.24 and a fifty-two week high of $37.13. 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 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.