Covestor Ltd Sells 433 Shares of The Pennant Group, Inc. (NASDAQ:PNTG)

Covestor Ltd cut its stake in The Pennant Group, Inc. (NASDAQ:PNTG) by 33.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 848 shares of the company’s stock after selling 433 shares during the period. Covestor Ltd’s holdings in The Pennant Group were worth $30,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. 8 Knots Management LLC grew its holdings in shares of The Pennant Group by 34.0% in the first quarter. 8 Knots Management LLC now owns 2,462,553 shares of the company’s stock worth $48,340,000 after purchasing an additional 625,061 shares during the last quarter. Vanguard Group Inc. grew its holdings in The Pennant Group by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 1,859,679 shares of the company’s stock worth $36,505,000 after acquiring an additional 77,052 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in The Pennant Group by 2.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 391,748 shares of the company’s stock worth $9,085,000 after acquiring an additional 8,000 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in The Pennant Group by 8.2% during the 1st quarter. Hillsdale Investment Management Inc. now owns 352,292 shares of the company’s stock worth $6,915,000 after acquiring an additional 26,670 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in 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 acquiring an additional 39,000 shares in the last quarter. 85.88% of the stock is currently owned by institutional investors.

The Pennant Group Stock Down 1.5 %

NASDAQ PNTG opened at $31.43 on Friday. The Pennant Group, Inc. has a 52 week low of $12.65 and a 52 week high of $37.13. 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 business’s fifty day simple moving average is $33.77 and its 200-day simple moving average is $28.80. The firm has a market cap of $1.08 billion, a PE ratio of 46.72, a P/E/G ratio of 3.36 and a beta of 2.02.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PNTG. Oppenheimer raised their price target on shares of The Pennant Group from $34.00 to $37.00 and gave the company an “outperform” rating in a report 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. Royal Bank of Canada raised their price target on shares of The Pennant Group from $26.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Stephens restated an “overweight” rating and issued a $40.00 price target on shares of The Pennant Group in a report on Wednesday, October 9th.

The Pennant Group Company 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.