US Bancorp DE Sells 523 Shares of The Pennant Group, Inc. (NASDAQ:PNTG)

US Bancorp DE lowered its position in The Pennant Group, Inc. (NASDAQ:PNTG) by 8.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,806 shares of the company’s stock after selling 523 shares during the period. US Bancorp DE’s holdings in The Pennant Group were worth $207,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Semanteon Capital Management LP increased its stake in The Pennant Group by 27.1% in the 3rd quarter. Semanteon Capital Management LP now owns 25,336 shares of the company’s stock valued at $904,000 after buying an additional 5,406 shares during the last quarter. Trust Point Inc. grew its holdings in shares of The Pennant Group by 9.7% in the third quarter. Trust Point Inc. now owns 24,926 shares of the company’s stock valued at $890,000 after acquiring an additional 2,199 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of The Pennant Group during the third quarter valued at approximately $396,000. Creative Planning lifted its holdings in The Pennant Group by 13.1% during the third quarter. Creative Planning now owns 21,662 shares of the company’s stock worth $773,000 after acquiring an additional 2,510 shares during the period. Finally, Kings Path Partners LLC purchased a new position in The Pennant Group in the third quarter worth $277,000. 85.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PNTG has been the subject of several research analyst reports. Oppenheimer raised their target price on The Pennant Group from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Royal Bank of Canada raised their price objective on shares of The Pennant Group from $26.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Stephens reaffirmed an “overweight” rating and issued a $40.00 price objective on shares of The Pennant Group in a research report on Wednesday, October 9th. Finally, Truist Financial increased their target price on shares of 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 2.7 %

PNTG stock opened at $31.90 on Friday. The Pennant Group, Inc. has a fifty-two week low of $12.65 and a fifty-two week high of $37.13. The stock has a fifty day moving average of $33.79 and a 200-day moving average of $28.77. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 46.99, a PEG ratio of 3.47 and a beta of 2.02. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.12 and a current ratio of 1.12.

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.