Gagnon Securities LLC Reduces Stock Holdings in The Pennant Group, Inc. (NASDAQ:PNTG)

Gagnon Securities LLC cut its holdings in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 156,774 shares of the company’s stock after selling 6,035 shares during the quarter. Gagnon Securities LLC owned approximately 0.46% of The Pennant Group worth $4,158,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PNTG. FMR LLC grew its position in shares of The Pennant Group by 51.3% in the 3rd quarter. FMR LLC now owns 2,528,512 shares of the company’s stock worth $90,268,000 after acquiring an additional 856,838 shares in the last quarter. Crewe Advisors LLC grew its stake in The Pennant Group by 1.6% during the 3rd quarter. Crewe Advisors LLC now owns 742,958 shares of the company’s stock worth $26,524,000 after buying an additional 11,927 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of The Pennant Group by 0.4% in the third quarter. Geode Capital Management LLC now owns 682,132 shares of the company’s stock worth $24,357,000 after purchasing an additional 2,963 shares in the last quarter. De Lisle Partners LLP grew its stake in shares of The Pennant Group by 7.6% in the third quarter. De Lisle Partners LLP now owns 343,340 shares of the company’s stock worth $12,254,000 after purchasing an additional 24,321 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of The Pennant Group by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 242,743 shares of the company’s stock worth $8,666,000 after purchasing an additional 2,982 shares in the last quarter. 85.88% of the stock is currently owned by hedge funds and other institutional investors.

The Pennant Group Price Performance

Shares of PNTG stock opened at $26.47 on Friday. The stock has a 50 day moving average of $28.21 and a two-hundred day moving average of $30.91. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.58. The Pennant Group, Inc. has a 12 month low of $14.84 and a 12 month high of $37.13. The company has a market capitalization of $909.24 million, a P/E ratio of 38.93, a P/E/G ratio of 2.44 and a beta of 1.93.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Oppenheimer upped their target price on The Pennant Group from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Wells Fargo & Company began coverage on The Pennant Group in a research report on Thursday, December 19th. They issued an “equal weight” rating and a $33.00 target price on the stock. Stephens reaffirmed an “overweight” rating and issued a $40.00 target price on shares of The Pennant Group in a research report on Wednesday, October 9th. Royal Bank of Canada upped their target price on The Pennant Group from $26.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Truist Financial lowered their price objective on The Pennant Group from $38.00 to $32.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.00.

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.