The Pennant Group, Inc. (NASDAQ:PNTG) Director Sells $18,540.20 in Stock

The Pennant Group, Inc. (NASDAQ:PNTG) Director Joanne Stringfield sold 665 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $27.88, for a total transaction of $18,540.20. Following the sale, the director now directly owns 29,040 shares in the company, valued at $809,635.20. This trade represents a 2.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

The Pennant Group Stock Up 0.6 %

Shares of NASDAQ:PNTG traded up $0.15 during trading on Monday, reaching $26.62. 262,923 shares of the stock were exchanged, compared to its average volume of 213,349. The stock has a fifty day moving average of $28.12 and a two-hundred day moving average of $30.96. The Pennant Group, Inc. has a 1-year low of $14.84 and a 1-year high of $37.13. 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 $914.34 million, a price-to-earnings ratio of 39.15, a price-to-earnings-growth ratio of 2.35 and a beta of 1.93.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Quarry LP grew its holdings in The Pennant Group by 371.6% during the third quarter. Quarry LP now owns 1,014 shares of the company’s stock worth $36,000 after buying an additional 799 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in The Pennant Group by 460.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,311 shares of the company’s stock worth $118,000 after acquiring an additional 2,720 shares during the last quarter. USA Financial Formulas bought a new stake in shares of The Pennant Group in the 3rd quarter worth $121,000. Intech Investment Management LLC purchased a new stake in shares of The Pennant Group in the third quarter valued at about $232,000. Finally, Summit Global Investments bought a new position in shares of The Pennant Group during the third quarter valued at about $254,000. 85.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PNTG. Truist Financial dropped their price objective on The Pennant Group from $38.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Stephens restated an “overweight” rating and set a $40.00 price target on shares of The Pennant Group in a report on Wednesday, October 9th. Oppenheimer lifted their price objective on shares of The Pennant Group from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Royal Bank of Canada increased their target price on shares of The Pennant Group from $26.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company started coverage on shares of The Pennant Group in a report on Thursday, December 19th. They issued an “equal weight” rating and a $33.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

About The Pennant Group

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.