SG Americas Securities LLC Makes New Investment in The Pennant Group, Inc. (NASDAQ:PNTG)

SG Americas Securities LLC acquired a new stake in shares of The Pennant Group, Inc. (NASDAQ:PNTG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 7,670 shares of the company’s stock, valued at approximately $107,000.

A number of other institutional investors have also recently made changes to their positions in PNTG. Millennium Management LLC boosted its stake in The Pennant Group by 873.6% during the fourth quarter. Millennium Management LLC now owns 769,957 shares of the company’s stock valued at $8,454,000 after buying an additional 690,870 shares during the last quarter. Paradigm Capital Management Inc. NY raised its holdings in shares of The Pennant Group by 79.1% during 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 in the last quarter. Susquehanna International Group LLP bought a new position in shares of The Pennant Group during the 1st quarter valued at approximately $6,574,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of The Pennant Group in the first quarter valued at $4,513,000. Finally, Jane Street Group LLC increased its position in The Pennant Group by 1,017.4% in the first quarter. Jane Street Group LLC now owns 261,345 shares of the company’s stock worth $3,732,000 after purchasing an additional 237,956 shares during the last quarter. Hedge funds and other institutional investors own 85.88% of the company’s stock.

Analysts Set New Price Targets

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

The Pennant Group Stock Performance

The Pennant Group stock opened at $20.30 on Friday. The Pennant Group, Inc. has a 1-year low of $10.31 and a 1-year high of $20.89. The company’s 50-day moving average is $18.75 and its 200 day moving average is $15.28. The firm has a market capitalization of $616.92 million, a P/E ratio of 46.14, a price-to-earnings-growth ratio of 2.11 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 Pennant Group (NASDAQ:PNTG) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The Pennant Group had a return on equity of 12.78% and a net margin of 2.46%. The business had revenue of $145.95 million for the quarter, compared to the consensus estimate of $136.79 million. During the same period in the prior year, the business posted $0.15 earnings per share. Research analysts forecast 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.