Jump Financial LLC Raises Stock Holdings in The Pennant Group, Inc. (NASDAQ:PNTG)

Jump Financial LLC raised its position in The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 93.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,700 shares of the company's stock after buying an additional 14,316 shares during the period. Jump Financial LLC owned about 0.09% of The Pennant Group worth $788,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PNTG. FMR LLC increased its stake in shares of The Pennant Group by 54.5% in the 4th quarter. FMR LLC now owns 3,906,327 shares of the company's stock valued at $103,596,000 after purchasing an additional 1,377,815 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of The Pennant Group by 11.0% during the 4th quarter. Vanguard Group Inc. now owns 2,261,564 shares of the company's stock worth $59,977,000 after buying an additional 223,919 shares during the period. Van Berkom & Associates Inc. lifted its position in shares of The Pennant Group by 2,635.6% during the 4th quarter. Van Berkom & Associates Inc. now owns 2,198,216 shares of the company's stock valued at $58,297,000 after buying an additional 2,117,859 shares in the last quarter. Geode Capital Management LLC increased its holdings in The Pennant Group by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 767,628 shares of the company's stock worth $20,362,000 after acquiring an additional 85,496 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its position in The Pennant Group by 9.5% during the fourth quarter. First Eagle Investment Management LLC now owns 414,848 shares of the company's stock worth $11,002,000 after acquiring an additional 36,100 shares during the period. Institutional investors and hedge funds own 85.88% of the company's stock.

Wall Street Analyst Weigh In

PNTG has been the subject of a number of research reports. Truist Financial cut their target price on shares of 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. Stephens reiterated an "overweight" rating and set a $38.00 price objective on shares of The Pennant Group in a research note on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.80.

The Pennant Group Price Performance

Shares of PNTG stock traded up $0.01 during trading hours on Friday, reaching $25.57. The company had a trading volume of 86,196 shares, compared to its average volume of 225,234. The Pennant Group, Inc. has a 12-month low of $20.11 and a 12-month high of $37.13. The company has a market capitalization of $887.84 million, a price-to-earnings ratio of 37.60, 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 stock has a fifty day moving average of $24.67 and a 200-day moving average of $27.99.

About The Pennant Group

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.