Grandeur Peak Global Advisors LLC Buys 73,686 Shares of The Pennant Group, Inc. (NASDAQ:PNTG)

Grandeur Peak Global Advisors LLC increased its position in The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 43.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 243,783 shares of the company's stock after purchasing an additional 73,686 shares during the quarter. Grandeur Peak Global Advisors LLC owned approximately 0.71% of The Pennant Group worth $6,465,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PNTG. KLP Kapitalforvaltning AS acquired a new stake in shares of The Pennant Group in the 4th quarter valued at approximately $188,000. HighTower Advisors LLC acquired a new stake in shares of The Pennant Group in the 3rd quarter valued at approximately $282,000. LPL Financial LLC bought a new position in The Pennant Group in the 4th quarter valued at approximately $225,000. Arizona State Retirement System raised 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 purchasing an additional 1,121 shares during the last quarter. Finally, Integrated Quantitative Investments LLC acquired a new stake in The Pennant Group during the fourth quarter worth approximately $264,000. Institutional investors own 85.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. 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 report on Friday, March 7th. Stephens reissued an "overweight" rating and issued a $38.00 target price on shares of The Pennant Group in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company started coverage on The Pennant Group in a research note on Thursday, December 19th. They set an "equal weight" rating and a $33.00 price objective on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $34.80.

The Pennant Group Stock Performance

Shares of PNTG traded down $0.05 on Thursday, reaching $26.15. The company's stock had a trading volume of 113,528 shares, compared to its average volume of 224,197. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $907.98 million, a P/E ratio of 38.11, a PEG ratio of 2.24 and a beta of 1.73. The Pennant Group, Inc. has a 12-month low of $19.64 and a 12-month high of $37.13. The stock's 50 day simple moving average is $24.77 and its two-hundred day simple moving average is $28.31.

The Pennant Group 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.