Ranger Investment Management L.P. Has $5.18 Million Stock Position in The Pennant Group, Inc. (NASDAQ:PNTG)

Ranger Investment Management L.P. boosted its stake in shares of The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 147.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 195,210 shares of the company's stock after acquiring an additional 116,285 shares during the period. Ranger Investment Management L.P. owned about 0.57% of The Pennant Group worth $5,177,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PNTG. Franklin Resources Inc. increased its holdings in shares of The Pennant Group by 26.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,347 shares of the company's stock worth $638,000 after buying an additional 3,859 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of The Pennant Group by 68.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 205,922 shares of the company's stock valued at $7,351,000 after purchasing an additional 83,664 shares in the last quarter. Barclays PLC lifted its holdings in The Pennant Group by 375.0% during the 3rd quarter. Barclays PLC now owns 49,101 shares of the company's stock worth $1,753,000 after buying an additional 38,763 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of The Pennant Group by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 682,132 shares of the company's stock worth $24,357,000 after buying an additional 2,963 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of The Pennant Group during the third quarter worth about $685,000. Hedge funds and other institutional investors own 85.88% of the company's stock.

The Pennant Group Stock Up 0.7 %

Shares of NASDAQ PNTG traded up $0.17 during trading hours on Monday, hitting $25.54. The stock had a trading volume of 55,238 shares, compared to its average volume of 223,912. The firm's 50-day moving average price is $24.85 and its two-hundred day moving average price is $28.40. The Pennant Group, Inc. has a 52 week low of $19.37 and a 52 week high of $37.13. 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 company has a market capitalization of $886.80 million, a P/E ratio of 37.56, a P/E/G ratio of 2.24 and a beta of 1.73.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PNTG shares. Stephens reiterated an "overweight" rating and set a $38.00 target price on shares of The Pennant Group in a research note on Wednesday, April 2nd. Truist Financial reduced their price objective 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. Finally, Wells Fargo & Company initiated coverage on The Pennant Group in a research report on Thursday, December 19th. They set an "equal weight" rating and a $33.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.80.

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.