Pennant GroupPNTG
Market Cap: $962M
About: Pennant Group Inc is engaged in providing healthcare services to patients of all ages, including the growing senior population, in the United States. It operates in multiple lines of business including home health, hospice, and senior living which includes the company's assisted living, independent living, and memory care communities across Arizona, California, Colorado, Idaho, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin, and Wyoming. The company generates majority of its revenue from home health and hospice services segment, which includes its home health, hospice and home care businesses.
Employees: 5,791
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]
26% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 19
15% more capital invested
Capital invested by funds: $521M [Q1] → $601M (+$80.1M) [Q2]
12% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 49
3% more funds holding
Funds holding: 146 [Q1] → 151 (+5) [Q2]
0.52% less ownership
Funds ownership: 86.77% [Q1] → 86.26% (-0.52%) [Q2]
63% less call options, than puts
Call options by funds: $178K | Put options by funds: $480K
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Truist Securities David Macdonald 89% 1-year accuracy 34 / 38 met price target | 7%upside $34 | Hold Maintained | 15 Aug 2024 |
Stephens & Co. Scott Fidel 90% 1-year accuracy 28 / 31 met price target | 1%upside $32 | Overweight Maintained | 8 Aug 2024 |
Truist Securities David Macdonald 89% 1-year accuracy 34 / 38 met price target | 12%downside $28 | Hold Maintained | 15 Jul 2024 |
Stephens & Co. Scott Fidel 90% 1-year accuracy 28 / 31 met price target | 21%downside $25 | Overweight Reiterated | 20 Jun 2024 |