Ranger Investment Management L.P. Takes $9.34 Million Position in The Pennant Group, Inc. $PNTG

Ranger Investment Management L.P. purchased a new position in The Pennant Group, Inc. (NASDAQ:PNTG) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 252,658 shares of the company’s stock, valued at approximately $9,336,000.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of The Pennant Group during the second quarter valued at approximately $109,340,000. Vanguard Group Inc. raised its stake in The Pennant Group by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 2,049,968 shares of the company’s stock worth $57,707,000 after buying an additional 82,071 shares in the last quarter. Wasatch Advisors LP lifted 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 worth $69,103,000 after buying an additional 451,491 shares during the period. 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, Ophir Asset Management Pty Ltd lifted its holdings in The Pennant Group by 24.1% during the fourth quarter. Ophir Asset Management Pty Ltd now owns 1,326,850 shares of the company’s stock worth $37,351,000 after buying an additional 257,840 shares during the period. Hedge funds and other institutional investors own 85.88% of the company’s stock.

The Pennant Group Stock Performance

NASDAQ PNTG opened at $38.88 on Monday. The Pennant Group, Inc. has a 52 week low of $22.25 and a 52 week high of $42.69. The company has a 50 day moving average price of $38.57 and a 200 day moving average price of $34.40. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.36 billion, a PE ratio of 43.20, a price-to-earnings-growth ratio of 2.53 and a beta of 1.26.

The Pennant Group (NASDAQ:PNTG) last announced its earnings results on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $288.71 million. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. As a group, sell-side analysts forecast that The Pennant Group, Inc. will post 1.18 EPS for the current fiscal year.

Analyst Ratings Changes

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

The Pennant Group Profile

The Pennant Group (NASDAQ: PNTG) is a publicly traded holding company that provides specialized services to the asset management industry. Through its operating subsidiaries, the company delivers outsourced fund administration, securities lending, prime brokerage, and capital markets solutions designed to support hedge funds, private equity firms, mutual funds and other institutional investors. By leveraging a combination of technology platforms and industry expertise, The Pennant Group helps clients streamline middle- and back-office processes, enhance operational efficiency and manage regulatory requirements.

Key service offerings include fund accounting and reporting, trade settlement and reconciliation, risk monitoring, securities lending programs and execution support across a range of asset classes.