Jane Street Group LLC Sells 21,213 Shares of The Pennant Group, Inc. (NASDAQ:PNTG)

Jane Street Group LLC cut its stake in shares of The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 42.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,448 shares of the company's stock after selling 21,213 shares during the period. Jane Street Group LLC owned 0.08% of The Pennant Group worth $1,016,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quarry LP grew its stake 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 buying an additional 799 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of The Pennant Group by 460.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,311 shares of the company's stock worth $118,000 after acquiring an additional 2,720 shares in the last quarter. USA Financial Formulas bought a new position in The Pennant Group in the third quarter valued at approximately $121,000. Intech Investment Management LLC acquired a new position in The Pennant Group during the third quarter valued at approximately $232,000. Finally, Summit Global Investments bought a new stake in The Pennant Group during the third quarter worth $254,000. 85.88% of the stock is owned by institutional investors and hedge funds.

The Pennant Group Trading Up 1.1 %

Shares of PNTG stock traded up $0.30 during mid-day trading on Tuesday, reaching $26.52. 357,207 shares of the stock traded hands, compared to its average volume of 203,434. The stock's fifty day simple moving average is $30.71 and its two-hundred day simple moving average is $30.48. The Pennant Group, Inc. has a 1-year low of $13.77 and a 1-year high of $37.13. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.58. The company has a market cap of $910.91 million, a price-to-earnings ratio of 39.00, a price-to-earnings-growth ratio of 2.99 and a beta of 1.95.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PNTG shares. Truist Financial lifted 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. 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 report on Friday, November 8th. Stephens reissued an "overweight" rating and issued a $40.00 target price on shares of The Pennant Group in a report on Wednesday, October 9th. Royal Bank of Canada lifted their price target on shares of The Pennant Group from $26.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company assumed coverage on shares of The Pennant Group in a research note on Thursday, December 19th. They issued an "equal weight" rating and a $33.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $37.20.

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.