D.A. Davidson & CO. Acquires 575 Shares of The Pennant Group, Inc. (NASDAQ:PNTG)

D.A. Davidson & CO. raised its holdings in shares of The Pennant Group, Inc. (NASDAQ:PNTG) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,126 shares of the company’s stock after purchasing an additional 575 shares during the quarter. D.A. Davidson & CO.’s holdings in The Pennant Group were worth $540,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. USA Financial Formulas bought a new position in shares of The Pennant Group in the 3rd quarter valued at about $121,000. Intech Investment Management LLC purchased a new stake in The Pennant Group during the third quarter valued at approximately $232,000. Summit Global Investments bought a new stake in shares of The Pennant Group in the 3rd quarter valued at approximately $254,000. Kings Path Partners LLC purchased a new position in shares of The Pennant Group in the 3rd quarter worth approximately $277,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of The Pennant Group during the 3rd quarter valued at approximately $363,000. Institutional investors own 85.88% of the company’s stock.

Analysts Set New Price Targets

PNTG has been the subject of a number of analyst reports. Stephens restated an “overweight” rating and issued a $40.00 price target on shares of The Pennant Group in a research report on Wednesday, October 9th. Royal Bank of Canada upped 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. Oppenheimer increased their price objective on shares of 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 boosted their target price on The Pennant Group from $34.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, October 7th.

The Pennant Group Stock Down 1.8 %

Shares of PNTG opened at $30.99 on Wednesday. The firm has a market capitalization of $1.06 billion, a P/E ratio of 45.57, a P/E/G ratio of 3.22 and a beta of 1.95. The Pennant Group, Inc. has a 12-month low of $13.24 and a 12-month high of $37.13. The firm has a fifty day moving average price of $32.96 and a 200-day moving average price of $29.74. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.58.

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.