Hussman Strategic Advisors Inc. Invests $1.11 Million in The Pennant Group, Inc. (NASDAQ:PNTG)

Hussman Strategic Advisors Inc. acquired a new position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 42,000 shares of the company’s stock, valued at approximately $1,114,000. Hussman Strategic Advisors Inc. owned about 0.12% of The Pennant Group as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in shares of The Pennant Group by 26.6% during the third quarter. Franklin Resources Inc. now owns 18,347 shares of the company’s stock worth $638,000 after purchasing an additional 3,859 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of The Pennant Group by 68.4% during the third quarter. JPMorgan Chase & Co. now owns 205,922 shares of the company’s stock worth $7,351,000 after purchasing an additional 83,664 shares during the last quarter. FMR LLC boosted its holdings in shares of The Pennant Group by 51.3% during the third quarter. FMR LLC now owns 2,528,512 shares of the company’s stock worth $90,268,000 after purchasing an additional 856,838 shares during the last quarter. Barclays PLC boosted its holdings in shares of The Pennant Group by 375.0% during the third quarter. Barclays PLC now owns 49,101 shares of the company’s stock worth $1,753,000 after purchasing an additional 38,763 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of The Pennant Group during the third quarter worth $685,000. Institutional investors and hedge funds own 85.88% of the company’s stock.

The Pennant Group Stock Down 4.5 %

Shares of NASDAQ PNTG opened at $25.76 on Friday. The Pennant Group, Inc. has a 1 year low of $16.14 and a 1 year high of $37.13. The firm has a market cap of $884.80 million, a price-to-earnings ratio of 37.88, a PEG ratio of 2.37 and a beta of 1.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s 50-day simple moving average is $27.01 and its 200-day simple moving average is $30.70.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PNTG shares. Wells Fargo & Company started coverage on The Pennant Group in a research report on Thursday, December 19th. They issued an “equal weight” rating and a $33.00 target price on the stock. Oppenheimer increased their target price on The Pennant Group from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Truist Financial cut their target price 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.