DekaBank Deutsche Girozentrale Acquires Shares of 3,738 The Pennant Group, Inc. (NASDAQ:PNTG)

DekaBank Deutsche Girozentrale acquired a new stake in The Pennant Group, Inc. (NASDAQ:PNTG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,738 shares of the company’s stock, valued at approximately $52,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC increased its stake in shares of The Pennant Group by 873.6% in the 4th quarter. Millennium Management LLC now owns 769,957 shares of the company’s stock worth $8,454,000 after acquiring an additional 690,870 shares during the last quarter. Paradigm Capital Management Inc. NY increased its stake in shares of The Pennant Group by 79.1% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,196,500 shares of the company’s stock worth $13,317,000 after acquiring an additional 528,612 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of The Pennant Group in the 1st quarter worth $6,574,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of The Pennant Group in the 1st quarter worth $4,513,000. Finally, Jane Street Group LLC increased its stake in shares of The Pennant Group by 1,017.4% in the 1st quarter. Jane Street Group LLC now owns 261,345 shares of the company’s stock worth $3,732,000 after acquiring an additional 237,956 shares during the last quarter. Hedge funds and other institutional investors own 85.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PNTG shares. Oppenheimer raised their target price on The Pennant Group from $18.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Truist Financial raised their price objective on The Pennant Group from $16.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Finally, Stephens raised The Pennant Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $14.00 to $18.00 in a research report on Friday, January 5th.

The Pennant Group Stock Performance

NASDAQ PNTG opened at $20.01 on Thursday. The company has a market cap of $608.10 million, a P/E ratio of 45.48, a P/E/G ratio of 2.10 and a beta of 2.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a 50-day moving average of $18.57 and a two-hundred day moving average of $15.18. The Pennant Group, Inc. has a 1-year low of $10.31 and a 1-year high of $20.89.

The Pennant Group (NASDAQ:PNTG) last released its earnings results on Wednesday, February 28th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $145.95 million during the quarter, compared to analyst estimates of $136.79 million. The Pennant Group had a net margin of 2.46% and a return on equity of 12.78%. During the same period in the prior year, the firm earned $0.15 earnings per share. As a group, analysts anticipate that The Pennant Group, Inc. will post 0.73 EPS for the current year.

The Pennant Group Company 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.