The Pennant Group (NASDAQ:PNTG – Free Report) had its target price hoisted by Truist Financial from $28.00 to $34.00 in a research note issued to investors on Thursday morning, Benzinga reports. Truist Financial currently has a hold rating on the stock.
PNTG has been the subject of several other reports. Stephens upped their target price on shares of The Pennant Group from $28.00 to $32.00 and gave the company an overweight rating in a research note on Thursday, August 8th. Royal Bank of Canada upped their price objective on shares of The Pennant Group from $21.00 to $26.00 and gave the company an outperform rating in a research report on Thursday, May 9th. Finally, Oppenheimer increased their target price on shares of The Pennant Group from $28.00 to $34.00 and gave the company an outperform rating in a research note on Thursday, August 8th.
View Our Latest Stock Report on The Pennant Group
The Pennant Group Stock Up 1.1 %
Institutional Investors Weigh In On The Pennant Group
Institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd lifted its holdings in shares of The Pennant Group by 3,805.6% during the 1st quarter. Covestor Ltd now owns 1,406 shares of the company’s stock worth $28,000 after acquiring an additional 1,370 shares during the period. AJOVista LLC bought a new position in The Pennant Group during the fourth quarter worth about $35,000. DekaBank Deutsche Girozentrale acquired a new stake in The Pennant Group during the fourth quarter valued at approximately $52,000. SG Americas Securities LLC acquired a new position in shares of The Pennant Group in the 4th quarter worth approximately $107,000. Finally, Mackenzie Financial Corp acquired a new position in shares of The Pennant Group in the 4th quarter worth approximately $155,000. Institutional investors own 85.88% of the company’s stock.
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.
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