Russell Investments Group Ltd. Acquires 38,987 Shares of The Pennant Group, Inc. (NASDAQ:PNTG)

Russell Investments Group Ltd. grew its holdings in shares of The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 22.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 211,724 shares of the company's stock after purchasing an additional 38,987 shares during the quarter. Russell Investments Group Ltd. owned about 0.62% of The Pennant Group worth $5,615,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. KLP Kapitalforvaltning AS bought a new position in The Pennant Group in the 4th quarter worth about $188,000. LPL Financial LLC purchased a new position in The Pennant Group during the fourth quarter valued at approximately $225,000. Arizona State Retirement System increased its holdings in 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 acquiring an additional 1,121 shares during the period. Integrated Quantitative Investments LLC purchased a new stake in The Pennant Group in the 4th quarter worth approximately $264,000. Finally, HighTower Advisors LLC purchased a new position in shares of The Pennant Group during the 3rd quarter valued at $282,000. Hedge funds and other institutional investors own 85.88% of the company's stock.

The Pennant Group Price Performance

NASDAQ:PNTG traded down $0.07 during midday trading on Friday, hitting $26.13. The company had a trading volume of 224,261 shares, compared to its average volume of 225,394. The company has a market capitalization of $907.29 million, a PE ratio of 38.43, a P/E/G ratio of 2.24 and a beta of 1.73. 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 52-week low of $19.64 and a 52-week high of $37.13. The stock's fifty day moving average price is $24.75 and its 200-day moving average price is $28.20.

Analysts Set New Price Targets

PNTG has been the topic of a number of recent analyst reports. Truist Financial lowered their price objective on The Pennant Group from $32.00 to $28.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Stephens reaffirmed an "overweight" rating and issued a $38.00 price target on shares of The Pennant Group in a report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.