Stephens Reiterates Overweight Rating for The Pennant Group (NASDAQ:PNTG)

The Pennant Group (NASDAQ:PNTG - Get Free Report)'s stock had its "overweight" rating reissued by research analysts at Stephens in a research note issued on Wednesday,Benzinga reports. They presently have a $38.00 price target on the stock. Stephens' price target would suggest a potential upside of 58.37% from the stock's previous close.

PNTG has been the subject of a number of other research reports. Truist Financial cut their price target on 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. Wells Fargo & Company began 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $34.80.

The Pennant Group Stock Down 2.3 %

Shares of PNTG traded down $0.58 during trading hours on Wednesday, hitting $24.00. The stock had a trading volume of 74,244 shares, compared to its average volume of 221,277. 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 Pennant Group has a 1-year low of $19.37 and a 1-year high of $37.13. The firm has a 50 day simple moving average of $25.17 and a 200-day simple moving average of $28.89. The firm has a market capitalization of $826.15 million, a P/E ratio of 35.21, a price-to-earnings-growth ratio of 2.24 and a beta of 1.73.

Institutional Investors Weigh In On The Pennant Group

A number of hedge funds have recently modified their holdings of the stock. FMR LLC increased its holdings in The Pennant Group by 54.5% in the 4th quarter. FMR LLC now owns 3,906,327 shares of the company's stock worth $103,596,000 after acquiring an additional 1,377,815 shares during the last quarter. 8 Knots Management LLC raised its stake in shares of The Pennant Group by 1.5% during the 4th quarter. 8 Knots Management LLC now owns 2,432,710 shares of the company's stock valued at $64,515,000 after purchasing an additional 35,975 shares during the period. Vanguard Group Inc. lifted its holdings in The Pennant Group by 11.0% during the 4th quarter. Vanguard Group Inc. now owns 2,261,564 shares of the company's stock worth $59,977,000 after purchasing an additional 223,919 shares in the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of The Pennant Group by 2,635.6% in the fourth quarter. Van Berkom & Associates Inc. now owns 2,198,216 shares of the company's stock worth $58,297,000 after buying an additional 2,117,859 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in The Pennant Group by 6.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 817,857 shares of the company's stock worth $21,689,000 after acquiring an additional 50,502 shares during the period. Institutional investors own 85.88% of the company's stock.

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.