The Pennant Group, Inc. (NASDAQ:PNTG – Get Rating) – Equities research analysts at Oppenheimer issued their Q3 2022 EPS estimates for The Pennant Group in a research note issued to investors on Thursday, August 25th. Oppenheimer analyst M. Wiederhorn anticipates that the company will post earnings per share of $0.12 for the quarter. Oppenheimer has a “Outperform” rating and a $22.00 price target on the stock. The consensus estimate for The Pennant Group’s current full-year earnings is $0.40 per share. Oppenheimer also issued estimates for The Pennant Group’s Q4 2022 earnings at $0.16 EPS, FY2022 earnings at $0.41 EPS, Q1 2023 earnings at $0.10 EPS, Q2 2023 earnings at $0.13 EPS, Q3 2023 earnings at $0.15 EPS, Q4 2023 earnings at $0.17 EPS and FY2023 earnings at $0.55 EPS.
PNTG has been the topic of a number of other research reports. Stephens downgraded The Pennant Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $23.00 to $17.00 in a report on Tuesday, June 21st. Stifel Nicolaus reduced their price target on shares of The Pennant Group from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, June 22nd. Finally, Truist Financial raised their price objective on shares of The Pennant Group from $12.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, August 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, The Pennant Group presently has an average rating of “Hold” and a consensus target price of $19.80.
The Pennant Group Stock Performance
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PNTG stock opened at $16.21 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.00 and a quick ratio of 1.00. The Pennant Group has a 1 year low of $10.07 and a 1 year high of $34.19. The company has a market cap of $479.02 million, a P/E ratio of -162.08 and a beta of 2.38. The stock’s fifty day moving average price is $14.09 and its 200-day moving average price is $15.76.
Institutional Investors Weigh In On The Pennant Group
A number of hedge funds have recently bought and sold shares of PNTG. Price T Rowe Associates Inc. MD lifted its stake in shares of The Pennant Group by 3.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,370,782 shares of the company’s stock valued at $55,990,000 after purchasing an additional 143,803 shares during the last quarter. BlackRock Inc. lifted its position in The Pennant Group by 0.8% in the first quarter. BlackRock Inc. now owns 4,177,138 shares of the company’s stock worth $77,819,000 after buying an additional 34,633 shares during the last quarter. Riverbridge Partners LLC boosted its stake in The Pennant Group by 1.7% during the second quarter. Riverbridge Partners LLC now owns 1,483,272 shares of the company’s stock worth $19,001,000 after buying an additional 24,258 shares during the period. Crewe Advisors LLC raised its stake in shares of The Pennant Group by 2.7% in the second quarter. Crewe Advisors LLC now owns 1,125,410 shares of the company’s stock valued at $14,417,000 after acquiring an additional 30,000 shares during the period. Finally, State Street Corp lifted its holdings in shares of The Pennant Group by 5.4% in the 1st quarter. State Street Corp now owns 950,775 shares of the company’s stock worth $17,713,000 after acquiring an additional 48,527 shares during the last quarter. Hedge funds and other institutional investors own 88.84% of the company’s stock.
Insider Buying and Selling at The Pennant Group
In other The Pennant Group news, Director Christopher R. Christensen sold 2,818 shares of The Pennant Group stock in a transaction on Friday, June 10th. The shares were sold at an average price of $16.20, for a total value of $45,651.60. Following the sale, the director now directly owns 152,405 shares in the company, valued at approximately $2,468,961. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 10.30% of the company’s stock.
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.
Further Reading
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