The Pennant Group, Inc. (NASDAQ:PNTG) Shares Bought by Jump Financial LLC

Jump Financial LLC grew its position in The Pennant Group, Inc. (NASDAQ:PNTG) by 93.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,700 shares of the company’s stock after acquiring an additional 14,316 shares during the period. Jump Financial LLC’s holdings in The Pennant Group were worth $788,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Van Berkom & Associates Inc. increased its stake in shares of The Pennant Group by 2,635.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 2,198,216 shares of the company’s stock valued at $58,297,000 after purchasing an additional 2,117,859 shares in the last quarter. FMR LLC raised its stake in shares of The Pennant Group by 54.5% during the 4th quarter. FMR LLC now owns 3,906,327 shares of the company’s stock worth $103,596,000 after buying an additional 1,377,815 shares during the period. Vanguard Group Inc. lifted its position in shares of The Pennant Group by 11.0% during the 4th quarter. Vanguard Group Inc. now owns 2,261,564 shares of the company’s stock valued at $59,977,000 after buying an additional 223,919 shares in the last quarter. Ranger Investment Management L.P. grew its stake in The Pennant Group by 147.3% in the 4th quarter. Ranger Investment Management L.P. now owns 195,210 shares of the company’s stock valued at $5,177,000 after acquiring an additional 116,285 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in The Pennant Group in the 4th quarter worth $2,570,000. 85.88% of the stock is owned by hedge funds and other institutional investors.

The Pennant Group Stock Down 6.2 %

Shares of NASDAQ PNTG opened at $24.50 on Tuesday. The stock has a market cap of $850.69 million, a PE ratio of 36.03, a P/E/G ratio of 2.24 and a beta of 1.73. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.58. The Pennant Group, Inc. has a 12-month low of $20.11 and a 12-month high of $37.13. The company has a 50-day moving average of $24.72 and a 200 day moving average of $28.07.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PNTG. Truist Financial decreased their price objective on shares of The Pennant Group from $32.00 to $28.00 and set a “hold” rating on the stock in a report on Friday, March 7th. Stephens reiterated an “overweight” rating and issued a $38.00 price objective on shares of The Pennant Group in a report on Wednesday, April 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.80.

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.