The Pennant Group, Inc. (NASDAQ:PNTG) Shares Bought by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. raised its position in The Pennant Group, Inc. (NASDAQ:PNTG) by 2,635.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,198,216 shares of the company’s stock after acquiring an additional 2,117,859 shares during the quarter. Van Berkom & Associates Inc. owned approximately 6.40% of The Pennant Group worth $58,297,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Creative Planning raised its stake in The Pennant Group by 13.1% during the 3rd quarter. Creative Planning now owns 21,662 shares of the company’s stock valued at $773,000 after acquiring an additional 2,510 shares during the last quarter. Semanteon Capital Management LP increased its stake in shares of The Pennant Group by 27.1% during the 3rd quarter. Semanteon Capital Management LP now owns 25,336 shares of the company’s stock valued at $904,000 after acquiring an additional 5,406 shares during the last quarter. Summit Global Investments purchased a new position in shares of The Pennant Group during the 3rd quarter worth about $254,000. Premier Fund Managers Ltd acquired a new stake in shares of The Pennant Group in the third quarter worth approximately $976,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in The Pennant Group during the third quarter worth about $363,000. Hedge funds and other institutional investors own 85.88% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PNTG. Oppenheimer upped their target price on The Pennant Group from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Truist Financial dropped their target price on The Pennant Group from $38.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Finally, Wells Fargo & Company started coverage on shares of The Pennant Group in a report on Thursday, December 19th. They set an “equal weight” rating and a $33.00 price target for the company. Two equities 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

The Pennant Group Trading Down 4.5 %

NASDAQ:PNTG opened at $25.76 on Friday. The Pennant Group, Inc. has a 1 year low of $16.14 and a 1 year high of $37.13. The business has a fifty day moving average of $27.01 and a 200-day moving average of $30.70. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $884.86 million, a price-to-earnings ratio of 37.88, a PEG ratio of 2.35 and a beta of 1.91.

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.