Turtle Creek Asset Management disclosed a new stake in Pennant Group amid strong annual returns and sector tailwinds in Q1 2026.
Turtle Creek Asset Management increased its position in The Pennant Group (PNTG) during Q1 2026, citing tailwinds in the healthcare sector. The firm’s equity fund posted a -4.8% return for the quarter amid broader market volatility and AI-driven trading momentum.
PNTG, which provides home health and hospice services, closed at $34.58 on June 17, 2026, with a 23.24% gain over the past 52 weeks. The stock’s one-month return was -0.03%, while its market capitalization stands at $1.20 billion.
The firm highlighted PNTG’s spin-off from Ensign Group as a key factor in its investment thesis, noting the company’s growth potential in the U.S. healthcare market.