The Pennant Group (NASDAQ:PNTG) Coverage Initiated at Jefferies Financial Group

Equities researchers at Jefferies Financial Group assumed coverage on shares of The Pennant Group (NASDAQ:PNTG) in a report issued on Friday,Benzinga reports. The firm set a “buy” rating and a $30.00 price target on the stock. Jefferies Financial Group’s price target suggests a potential upside of 22.55% from the company’s previous close.

Several other research firms have also commented on PNTG. Stephens restated an “overweight” rating and issued a $40.00 price target on shares of The Pennant Group in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of The Pennant Group in a research report on Tuesday, October 14th. Wells Fargo & Company decreased their price objective on shares of The Pennant Group from $31.00 to $29.00 and set an “equal weight” rating for the company in a research report on Thursday, August 14th. Truist Financial cut their price objective on shares of The Pennant Group from $32.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, July 16th. Finally, Wall Street Zen lowered shares of The Pennant Group from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.80.

The Pennant Group Trading Down 2.0%

PNTG stock opened at $24.48 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $846.03 million, a PE ratio of 31.38, a P/E/G ratio of 2.11 and a beta of 1.35. The firm’s 50-day moving average is $24.70 and its 200 day moving average is $25.84. The Pennant Group has a 12 month low of $21.18 and a 12 month high of $34.82.

Institutional Investors Weigh In On The Pennant Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in PNTG. Ophir Asset Management Pty Ltd increased its holdings in The Pennant Group by 403.9% in the 2nd quarter. Ophir Asset Management Pty Ltd now owns 1,048,759 shares of the company’s stock worth $31,305,000 after acquiring an additional 840,642 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in The Pennant Group by 29.6% during the 1st quarter. Van Berkom & Associates Inc. now owns 2,849,562 shares of the company’s stock worth $71,666,000 after purchasing an additional 651,346 shares during the last quarter. 8 Knots Management LLC boosted its stake in The Pennant Group by 23.9% during the 1st quarter. 8 Knots Management LLC now owns 3,014,023 shares of the company’s stock worth $75,803,000 after purchasing an additional 581,313 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in The Pennant Group during the 2nd quarter worth $14,356,000. Finally, Nuveen LLC acquired a new stake in The Pennant Group during the 1st quarter worth $9,181,000. Hedge funds and other institutional investors own 85.88% of the company’s stock.

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.