The Pennant Group (NASDAQ:PNTG) Sets New 1-Year High – Should You Buy?

Shares of The Pennant Group, Inc. (NASDAQ:PNTG) hit a new 52-week high during trading on Thursday . The company traded as high as $42.74 and last traded at $41.4730, with a volume of 40786 shares. The stock had previously closed at $42.48.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PNTG. Truist Financial raised their target price on shares of The Pennant Group from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Wells Fargo & Company lifted their price objective on The Pennant Group from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Royal Bank Of Canada upped their price objective on The Pennant Group from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Weiss Ratings raised The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen upgraded The Pennant Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, The Pennant Group has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

The Pennant Group Trading Down 3.6%

The stock’s 50-day moving average is $39.54 and its two-hundred day moving average is $35.34. The stock has a market cap of $1.43 billion, a P/E ratio of 45.51, a price-to-earnings-growth ratio of 2.61 and a beta of 1.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.20 and a quick ratio of 1.20.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The Pennant Group had a net margin of 2.93% and a return on equity of 10.33%. The company had revenue of $297.98 million for the quarter, compared to analysts’ expectations of $288.71 million. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. Equities research analysts anticipate that The Pennant Group, Inc. will post 1.18 EPS for the current year.

Institutional Investors Weigh In On The Pennant Group

Large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of The Pennant Group in the 2nd quarter worth approximately $109,340,000. Wasatch Advisors LP increased its holdings in The Pennant Group by 31.8% during the second quarter. Wasatch Advisors LP now owns 1,870,178 shares of the company’s stock valued at $69,103,000 after buying an additional 451,491 shares during the period. Paradigm Capital Management Inc. NY bought a new position in The Pennant Group in the second quarter worth approximately $51,833,000. Turtle Creek Asset Management Inc. lifted its holdings in The Pennant Group by 12,075.6% during the first quarter. Turtle Creek Asset Management Inc. now owns 1,582,823 shares of the company’s stock worth $48,244,000 after buying an additional 1,569,823 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in The Pennant Group by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 815,660 shares of the company’s stock valued at $24,861,000 after acquiring an additional 11,943 shares in the last quarter. Institutional investors own 85.88% of the company’s stock.

About The Pennant Group

The Pennant Group, Inc is a healthcare services company that operates home health, hospice and personal care businesses, as well as senior living communities. Its services are designed to support older adults and other patients in their homes, residential settings and communities, with offerings that may include skilled nursing, therapy, hospice care, assisted living and memory care.

The company serves patients and residents through a network of affiliated operating companies and communities across multiple U.S.