Semanteon Capital Management LP Increases Stock Position in The Pennant Group, Inc. (NASDAQ:PNTG)

Semanteon Capital Management LP boosted its position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 27.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,336 shares of the company’s stock after buying an additional 5,406 shares during the quarter. Semanteon Capital Management LP’s holdings in The Pennant Group were worth $904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new stake in shares of The Pennant Group during the 1st quarter valued at about $197,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of The Pennant Group by 101.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,908 shares of the company’s stock worth $450,000 after buying an additional 11,536 shares during the period. ClariVest Asset Management LLC lifted its position in shares of The Pennant Group by 14.9% during the 1st quarter. ClariVest Asset Management LLC now owns 87,850 shares of the company’s stock valued at $1,724,000 after buying an additional 11,359 shares in the last quarter. Sei Investments Co. grew its stake in The Pennant Group by 679.7% in the 1st quarter. Sei Investments Co. now owns 136,026 shares of the company’s stock valued at $2,670,000 after acquiring an additional 118,581 shares during the period. Finally, State Board of Administration of Florida Retirement System purchased a new stake in The Pennant Group in the 1st quarter worth $279,000. Hedge funds and other institutional investors own 85.88% of the company’s stock.

Wall Street Analysts Forecast Growth

PNTG has been the subject of a number of research reports. Stephens reissued an “overweight” rating and set a $40.00 target price on shares of The Pennant Group in a research note on Wednesday, October 9th. Truist Financial boosted their price objective on The Pennant Group from $34.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, October 7th. Oppenheimer lifted their price target on The Pennant Group from $28.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada boosted their price target on The Pennant Group from $26.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd.

The Pennant Group Trading Up 1.4 %

Shares of PNTG traded up $0.47 during mid-day trading on Monday, reaching $34.00. The stock had a trading volume of 2,857 shares, compared to its average volume of 194,283. The business’s fifty day moving average is $33.94 and its 200 day moving average is $27.68. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 62.09, a P/E/G ratio of 3.42 and a beta of 2.01. The Pennant Group, Inc. has a 52-week low of $10.46 and a 52-week high of $37.13.

The Pennant Group (NASDAQ:PNTG) last posted its earnings results on Tuesday, August 6th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The Pennant Group had a net margin of 3.16% and a return on equity of 13.74%. The company had revenue of $168.75 million for the quarter, compared to analysts’ expectations of $156.71 million. On average, sell-side analysts predict that The Pennant Group, Inc. will post 0.75 EPS for the current fiscal year.

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.