Los Angeles Capital Management LLC Sells 5,500 Shares of The Pennant Group, Inc. (NASDAQ:PNTG)

Los Angeles Capital Management LLC reduced its holdings in The Pennant Group, Inc. (NASDAQ:PNTG) by 12.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,471 shares of the company’s stock after selling 5,500 shares during the period. Los Angeles Capital Management LLC owned approximately 0.11% of The Pennant Group worth $994,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PNTG. Quarry LP increased its position in The Pennant Group by 371.6% in the 3rd quarter. Quarry LP now owns 1,014 shares of the company’s stock worth $36,000 after buying an additional 799 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its position in shares of The Pennant Group by 460.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,311 shares of the company’s stock valued at $118,000 after purchasing an additional 2,720 shares during the period. Intech Investment Management LLC bought a new stake in shares of The Pennant Group during the third quarter valued at approximately $232,000. Summit Global Investments bought a new stake in shares of The Pennant Group during the third quarter valued at approximately $254,000. Finally, HighTower Advisors LLC bought a new stake in shares of The Pennant Group during the third quarter valued at approximately $282,000. 85.88% of the stock is owned by institutional investors.

The Pennant Group Price Performance

Shares of PNTG stock opened at $22.77 on Friday. The stock’s fifty day simple moving average is $26.59 and its 200 day simple moving average is $30.54. 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 $782.10 million, a price-to-earnings ratio of 33.49, a P/E/G ratio of 2.24 and a beta of 1.91. The Pennant Group, Inc. has a one year low of $17.40 and a one year high of $37.13.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PNTG. 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 research report on Monday, January 6th. Oppenheimer boosted their price objective on The Pennant Group from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company began coverage on The Pennant Group in a research report on Thursday, December 19th. They set an “equal weight” rating and a $33.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.