JPMorgan Chase & Co. lowered its position in The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 33.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137,151 shares of the company's stock after selling 68,771 shares during the quarter. JPMorgan Chase & Co. owned about 0.40% of The Pennant Group worth $3,637,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of PNTG. KLP Kapitalforvaltning AS purchased a new stake in shares of The Pennant Group in the 4th quarter valued at approximately $188,000. LPL Financial LLC acquired a new stake in shares of The Pennant Group during the 4th quarter worth about $225,000. Arizona State Retirement System increased its position in shares of The Pennant Group by 13.0% during the 4th 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 during the last quarter. HighTower Advisors LLC purchased a new stake in The Pennant Group in the 3rd quarter valued at about $282,000. Finally, AlphaQuest LLC acquired a new position in The Pennant Group in the fourth quarter valued at about $291,000. 85.88% of the stock is currently owned by institutional investors and hedge funds.
The Pennant Group Stock Up 1.3 %
Shares of The Pennant Group stock traded up $0.33 during trading hours on Thursday, reaching $25.58. 77,269 shares of the company were exchanged, compared to its average volume of 225,486. The firm has a market cap of $888.15 million, a PE ratio of 37.59, a PEG ratio of 2.24 and a beta of 1.73. 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, Inc. has a 1 year low of $20.11 and a 1 year high of $37.13. The stock's fifty day moving average is $24.68 and its 200 day moving average is $28.03.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on PNTG. Truist Financial decreased their price objective on shares of The Pennant Group from $32.00 to $28.00 and set a "hold" rating on the stock in a report on Friday, March 7th. Stephens restated an "overweight" rating and set a $38.00 price target on shares of The Pennant Group in a research note on Wednesday, April 2nd. Two investment 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 currently has an average rating of "Moderate Buy" and a consensus target price of $34.80.
Check Out Our Latest Stock Report on PNTG
The Pennant Group Company Profile
(
Free Report)
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.
Further Reading
Before you consider The Pennant Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Pennant Group wasn't on the list.
While The Pennant Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
