PDT Partners LLC Makes New $588,000 Investment in The Pennant Group, Inc. (NASDAQ:PNTG)

PDT Partners LLC acquired a new stake in shares of The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,474 shares of the company's stock, valued at approximately $588,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in shares of The Pennant Group by 51.3% in the 3rd quarter. FMR LLC now owns 2,528,512 shares of the company's stock worth $90,268,000 after purchasing an additional 856,838 shares in the last quarter. Vanguard Group Inc. increased its position 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 worth $36,505,000 after buying an additional 77,052 shares in the last quarter. Crewe Advisors LLC raised its stake in shares of The Pennant Group by 1.6% in the third quarter. Crewe Advisors LLC now owns 742,958 shares of the company's stock worth $26,524,000 after buying an additional 11,927 shares during the period. First Eagle Investment Management LLC lifted its position in shares of The Pennant Group by 2.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 391,748 shares of the company's stock valued at $9,085,000 after buying an additional 8,000 shares in the last quarter. Finally, De Lisle Partners LLP grew its stake in shares of The Pennant Group by 7.6% during the 3rd quarter. De Lisle Partners LLP now owns 343,340 shares of the company's stock valued at $12,254,000 after acquiring an additional 24,321 shares during the period. Institutional investors own 85.88% of the company's stock.

Analyst Upgrades and Downgrades

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

The Pennant Group Trading Down 1.8 %

PNTG traded down $0.57 on Tuesday, reaching $30.99. 128,903 shares of the company traded hands, compared to its average volume of 200,685. The company has a market cap of $1.06 billion, a P/E ratio of 45.57, a price-to-earnings-growth ratio of 3.22 and a beta of 1.95. 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 Pennant Group, Inc. has a one year low of $13.24 and a one year high of $37.13. The firm has a fifty day simple moving average of $32.96 and a two-hundred day simple moving average of $29.74.

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.