Crewe Advisors LLC Sells 726,208 Shares of The Pennant Group, Inc. (NASDAQ:PNTG)

Crewe Advisors LLC cut its stake in The Pennant Group, Inc. (NASDAQ:PNTG) by 97.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,750 shares of the company’s stock after selling 726,208 shares during the quarter. Crewe Advisors LLC’s holdings in The Pennant Group were worth $444,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quarry LP boosted its stake in The Pennant Group by 371.6% in the third quarter. Quarry LP now owns 1,014 shares of the company’s stock valued at $36,000 after acquiring an additional 799 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in The Pennant Group by 460.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,311 shares of the company’s stock worth $118,000 after buying an additional 2,720 shares during the last quarter. USA Financial Formulas acquired a new position in The Pennant Group in the 3rd quarter valued at $121,000. Intech Investment Management LLC acquired a new stake in The Pennant Group during the 3rd quarter worth $232,000. Finally, Summit Global Investments purchased a new stake in shares of The Pennant Group during the third quarter worth $254,000. 85.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on PNTG. Royal Bank of Canada increased their price objective 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 lifted their price target on The Pennant Group from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Truist Financial dropped their price target on shares of The Pennant Group from $38.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company started coverage on The Pennant Group in a report on Thursday, December 19th. They set an “equal weight” rating and a $33.00 price target for the company. Finally, Stephens restated an “overweight” rating and issued a $40.00 price objective on shares of The Pennant Group in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.00.

The Pennant Group Stock Performance

Shares of PNTG stock opened at $28.35 on Thursday. The firm has a 50 day moving average of $27.97 and a two-hundred day moving average of $30.96. The stock has a market capitalization of $973.82 million, a PE ratio of 41.69, a P/E/G ratio of 2.35 and a beta of 1.92. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.58. The Pennant Group, Inc. has a 52 week low of $14.84 and a 52 week high of $37.13.

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.