The Pennant Group, Inc. (NASDAQ:PNTG) is Crewe Advisors LLC’s 10th Largest Position

Crewe Advisors LLC boosted its holdings in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 742,958 shares of the company’s stock after acquiring an additional 11,927 shares during the period. The Pennant Group comprises about 3.1% of Crewe Advisors LLC’s portfolio, making the stock its 10th largest position. Crewe Advisors LLC’s holdings in The Pennant Group were worth $26,524,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. 8 Knots Management LLC boosted its stake in shares of The Pennant Group by 34.0% during the first quarter. 8 Knots Management LLC now owns 2,462,553 shares of the company’s stock valued at $48,340,000 after purchasing an additional 625,061 shares in the last quarter. Grandeur Peak Global Advisors LLC bought a new stake in The Pennant Group during the 1st quarter valued at $2,225,000. Vanguard Group Inc. increased its holdings in shares of The Pennant Group by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 1,859,679 shares of the company’s stock valued at $36,505,000 after acquiring an additional 77,052 shares during the period. Federated Hermes Inc. raised its position in shares of The Pennant Group by 600.0% in the 2nd quarter. Federated Hermes Inc. now owns 54,045 shares of the company’s stock worth $1,253,000 after acquiring an additional 46,324 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of The Pennant Group by 17.1% during the 2nd quarter. Renaissance Technologies LLC now owns 267,300 shares of the company’s stock worth $6,199,000 after purchasing an additional 39,000 shares during the last quarter. Institutional investors own 85.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Oppenheimer lifted their target price on The Pennant Group from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Truist Financial raised their price target on shares of The Pennant Group from $34.00 to $38.00 and gave the company a “hold” rating in a report on Monday, October 7th. Stephens reiterated an “overweight” rating and set a $40.00 price objective on shares of The Pennant Group in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada raised their target price on shares of The Pennant Group from $26.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd.

The Pennant Group Price Performance

Shares of NASDAQ PNTG opened at $31.14 on Friday. The Pennant Group, Inc. has a fifty-two week low of $13.24 and a fifty-two week high of $37.13. 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 company has a market cap of $1.07 billion, a PE ratio of 45.79, a P/E/G ratio of 3.11 and a beta of 2.02. The business has a 50-day simple moving average of $33.56 and a two-hundred day simple moving average of $29.27.

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.