Hillsdale Investment Management Inc. Acquires 1,200 Shares of The Pennant Group, Inc. (NASDAQ:PNTG)

Hillsdale Investment Management Inc. increased its holdings in The Pennant Group, Inc. (NASDAQ:PNTG) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 190,882 shares of the company’s stock after purchasing an additional 1,200 shares during the period. Hillsdale Investment Management Inc.’s holdings in The Pennant Group were worth $5,062,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PNTG. Connor Clark & Lunn Investment Management Ltd. bought a new stake in The Pennant Group in the third quarter worth $363,000. Intech Investment Management LLC bought a new stake in The Pennant Group in the third quarter worth $232,000. Navellier & Associates Inc. bought a new stake in The Pennant Group in the third quarter worth $874,000. Charles Schwab Investment Management Inc. increased its position in The Pennant Group by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 242,743 shares of the company’s stock worth $8,666,000 after purchasing an additional 2,982 shares during the last quarter. Finally, Algert Global LLC increased its position in The Pennant Group by 18.1% in the third quarter. Algert Global LLC now owns 88,502 shares of the company’s stock worth $3,160,000 after purchasing an additional 13,560 shares during the last quarter. Institutional investors own 85.88% of the company’s stock.

The Pennant Group Trading Down 3.0 %

PNTG stock opened at $23.40 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.58. The Pennant Group, Inc. has a twelve month low of $19.28 and a twelve month high of $37.13. The stock has a market capitalization of $805.66 million, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 2.24 and a beta of 2.06. The firm’s fifty day simple moving average is $25.63 and its two-hundred day simple moving average is $29.53.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Stephens restated an “overweight” rating and issued a $38.00 price target on shares of The Pennant Group in a research report on Tuesday, March 11th. Wells Fargo & Company began coverage on shares of 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. Finally, Truist Financial cut their price objective on shares of The Pennant Group from $32.00 to $28.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.80.

The Pennant Group 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.