The Pennant Group, Inc. (NASDAQ:PNTG) Short Interest Up 28.1% in August

The Pennant Group, Inc. (NASDAQ:PNTG) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 488,300 shares, a growth of 28.1% from the August 15th total of 381,200 shares. Based on an average trading volume of 197,400 shares, the short-interest ratio is presently 2.5 days.

Institutional Investors Weigh In On The Pennant Group

Several institutional investors have recently bought and sold shares of PNTG. Jump Financial LLC purchased a new position in shares of The Pennant Group in the fourth quarter worth $240,000. Hillsdale Investment Management Inc. raised its holdings in shares of The Pennant Group by 3.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 325,622 shares of the company’s stock worth $4,533,000 after buying an additional 10,200 shares during the last quarter. Trexquant Investment LP raised its holdings in shares of The Pennant Group by 186.0% in the fourth quarter. Trexquant Investment LP now owns 89,656 shares of the company’s stock worth $1,248,000 after buying an additional 58,310 shares during the last quarter. Crewe Advisors LLC raised its holdings in shares of The Pennant Group by 0.7% in the fourth quarter. Crewe Advisors LLC now owns 1,108,104 shares of the company’s stock worth $15,425,000 after buying an additional 7,797 shares during the last quarter. Finally, Tidemark LLC purchased a new position in shares of The Pennant Group in the fourth quarter worth $230,000. 85.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PNTG has been the topic of a number of research analyst reports. Stephens upped their target price on shares of The Pennant Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Truist Financial increased their price objective on shares of The Pennant Group from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, Oppenheimer increased their price objective on shares of The Pennant Group from $28.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th.

The Pennant Group Stock Up 1.2 %

Shares of NASDAQ PNTG traded up $0.40 during midday trading on Monday, reaching $34.92. 130,943 shares of the company’s stock traded hands, compared to its average volume of 171,101. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.48. The stock’s 50 day simple moving average is $30.55 and its 200-day simple moving average is $24.65. The Pennant Group has a one year low of $10.31 and a one year high of $35.57. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 64.67, a P/E/G ratio of 3.42 and a beta of 2.01.

The Pennant Group (NASDAQ:PNTG) last announced its earnings results on Tuesday, August 6th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $168.75 million during the quarter, compared to the consensus estimate of $156.71 million. The Pennant Group had a net margin of 3.16% and a return on equity of 13.74%. On average, analysts predict that The Pennant Group will post 0.75 EPS for the current fiscal 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.