Algert Global LLC Has $2.59 Million Holdings in The Pennant Group, Inc. (NASDAQ:PNTG)

Algert Global LLC grew its holdings in The Pennant Group, Inc. (NASDAQ:PNTG) by 10.2% during the 4th quarter, Holdings Channel reports. The firm owned 97,551 shares of the company’s stock after purchasing an additional 9,049 shares during the period. Algert Global LLC’s holdings in The Pennant Group were worth $2,587,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Freestone Grove Partners LP bought a new position in The Pennant Group in the fourth quarter valued at approximately $305,000. 8 Knots Management LLC boosted its position in shares of The Pennant Group by 1.5% in the 4th quarter. 8 Knots Management LLC now owns 2,432,710 shares of the company’s stock worth $64,515,000 after purchasing an additional 35,975 shares during the last quarter. Northern Trust Corp grew its stake in shares of The Pennant Group by 22.5% during the fourth quarter. Northern Trust Corp now owns 424,880 shares of the company’s stock worth $11,268,000 after purchasing an additional 77,980 shares during the period. Public Employees Retirement Association of Colorado bought a new stake in The Pennant Group in the fourth quarter valued at about $122,000. Finally, Quarry LP increased its holdings in The Pennant Group by 166.8% in the fourth quarter. Quarry LP now owns 2,705 shares of the company’s stock valued at $72,000 after purchasing an additional 1,691 shares during the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.

The Pennant Group Trading Up 3.4 %

NASDAQ PNTG opened at $27.76 on Thursday. The Pennant Group, Inc. has a one year low of $20.91 and a one year high of $37.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $963.88 million, a P/E ratio of 40.82, a P/E/G ratio of 2.24 and a beta of 1.56. The stock’s 50-day moving average is $24.81 and its 200-day moving average is $27.48.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PNTG shares. Stephens restated an “overweight” rating and set a $38.00 target price on shares of The Pennant Group in a research report on Wednesday, April 2nd. Truist Financial lowered their target price on shares of The Pennant Group from $32.00 to $28.00 and set a “hold” rating for the company in a research note on Friday, March 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, The Pennant Group presently has a consensus rating of “Moderate Buy” and an average price target of $34.80.

The Pennant Group 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.