Los Angeles Capital Management LLC Has $609,000 Holdings in The Pennant Group, Inc. $PNTG

Los Angeles Capital Management LLC decreased its holdings in The Pennant Group, Inc. (NASDAQ:PNTG) by 17.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,415 shares of the company’s stock after selling 4,235 shares during the quarter. Los Angeles Capital Management LLC owned 0.06% of The Pennant Group worth $609,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. State of Wyoming increased its holdings in shares of The Pennant Group by 41.3% during the first quarter. State of Wyoming now owns 6,170 shares of the company’s stock worth $155,000 after purchasing an additional 1,803 shares during the period. Belpointe Asset Management LLC acquired a new stake in The Pennant Group during the second quarter worth approximately $211,000. Bosun Asset Management LLC bought a new position in The Pennant Group during the 1st quarter worth $249,000. AQR Capital Management LLC raised its holdings in The Pennant Group by 32.6% in the 1st quarter. AQR Capital Management LLC now owns 10,255 shares of the company’s stock valued at $258,000 after acquiring an additional 2,524 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of The Pennant Group during the 1st quarter valued at $285,000. Institutional investors and hedge funds own 85.88% of the company’s stock.

Wall Street Analyst Weigh In

PNTG has been the topic of a number of recent analyst reports. Jefferies Financial Group began coverage on The Pennant Group in a research report on Friday, October 24th. They issued a “buy” rating and a $30.00 price target on the stock. Stephens reissued an “overweight” rating and issued a $40.00 target price on shares of The Pennant Group in a report on Thursday, October 9th. Wall Street Zen raised shares of The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of The Pennant Group in a research report on Wednesday, November 5th. Finally, Wells Fargo & Company lowered 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. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.75.

The Pennant Group Trading Up 0.0%

PNTG opened at $24.90 on Friday. The company has a market cap of $861.29 million, a P/E ratio of 33.20, a PEG ratio of 2.02 and a beta of 1.39. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $24.85 and its 200-day moving average is $25.80. The Pennant Group, Inc. has a 1-year low of $21.18 and a 1-year high of $32.28.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The Pennant Group had a net margin of 3.15% and a return on equity of 9.37%. The business had revenue of $229.04 million during the quarter, compared to analysts’ expectations of $221.96 million. The Pennant Group has set its FY 2025 guidance at 1.140-1.180 EPS. Equities research analysts predict that The Pennant Group, Inc. will post 0.75 earnings per share 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.