Teacher Retirement System of Texas Has $2.89 Million Position in The Pennant Group, Inc. (NASDAQ:PNTG)

Teacher Retirement System of Texas increased its position in The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) by 46.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,035 shares of the company's stock after buying an additional 34,696 shares during the quarter. Teacher Retirement System of Texas owned about 0.32% of The Pennant Group worth $2,892,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of The Pennant Group in the third quarter valued at $363,000. Intech Investment Management LLC acquired a new stake in shares of The Pennant Group during the third quarter worth $232,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of The Pennant Group by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 242,743 shares of the company's stock valued at $8,666,000 after purchasing an additional 2,982 shares during the last quarter. Algert Global LLC lifted its holdings in shares of The Pennant Group by 18.1% during the third quarter. Algert Global LLC now owns 88,502 shares of the company's stock valued at $3,160,000 after purchasing an additional 13,560 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of The Pennant Group by 48.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 27,433 shares of the company's stock valued at $979,000 after purchasing an additional 8,984 shares during the period. 85.88% of the stock is owned by institutional investors and hedge funds.

The Pennant Group Stock Down 3.2 %

PNTG traded down $0.81 on Friday, reaching $24.61. 216,643 shares of the company traded hands, compared to its average volume of 220,090. The company has a market cap of $847.32 million, a price-to-earnings ratio of 36.19, a PEG ratio of 2.24 and a beta of 2.06. 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's 50 day moving average price is $25.40 and its 200-day moving average price is $29.24. The Pennant Group, Inc. has a 52-week low of $19.37 and a 52-week high of $37.13.

Analysts Set New Price Targets

A number of analysts have commented on PNTG shares. Stephens reaffirmed an "overweight" rating and set a $38.00 price objective on shares of The Pennant Group in a research note on Tuesday, March 11th. Truist Financial decreased 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 started coverage on shares of The Pennant Group in a research note on Thursday, December 19th. They set an "equal weight" rating and a $33.00 target price on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, The Pennant Group currently has a consensus rating of "Moderate Buy" and an average 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.