The Pennant Group, Inc. (NASDAQ:PNTG) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in The Pennant Group, Inc. (NASDAQ:PNTG) by 10.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,000 shares of the company’s stock after acquiring an additional 1,374 shares during the period. Principal Financial Group Inc.’s holdings in The Pennant Group were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PNTG. Rhumbline Advisers raised its holdings in shares of The Pennant Group by 6.0% in the fourth quarter. Rhumbline Advisers now owns 43,673 shares of the company’s stock worth $1,158,000 after buying an additional 2,480 shares during the last quarter. SG Americas Securities LLC increased its position in shares of The Pennant Group by 36.6% in the 4th quarter. SG Americas Securities LLC now owns 14,923 shares of the company’s stock valued at $396,000 after acquiring an additional 3,997 shares during the period. Kings Path Partners LLC raised its stake in The Pennant Group by 152.9% in the 4th quarter. Kings Path Partners LLC now owns 19,610 shares of the company’s stock worth $520,000 after acquiring an additional 11,855 shares during the last quarter. JPMorgan Chase & Co. lifted its position in The Pennant Group by 68.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 205,922 shares of the company’s stock worth $7,351,000 after acquiring an additional 83,664 shares during the period. Finally, Franklin Resources Inc. grew its stake in The Pennant Group by 26.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,347 shares of the company’s stock valued at $638,000 after purchasing an additional 3,859 shares during the last quarter. 85.88% of the stock is currently owned by institutional investors and hedge funds.

The Pennant Group Stock Down 3.9 %

Shares of PNTG opened at $22.21 on Friday. The company has a market capitalization of $764.69 million, a price-to-earnings ratio of 32.66, a PEG ratio of 2.24 and a beta of 2.06. The Pennant Group, Inc. has a 52 week low of $18.21 and a 52 week high of $37.13. The stock’s 50-day moving average price is $26.18 and its 200-day moving average price is $30.25. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.58.

Analyst Ratings Changes

Several research analysts have recently issued reports on PNTG shares. Wells Fargo & Company assumed coverage on The Pennant Group in a research note on Thursday, December 19th. They issued an “equal weight” rating and a $33.00 price objective for the company. Oppenheimer increased their price target on shares of The Pennant Group from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Truist Financial decreased their price objective on shares of The Pennant Group from $32.00 to $28.00 and set a “hold” rating for the company in a research note on Friday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, The Pennant Group has an average rating of “Moderate Buy” and an average target price of $35.20.

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.