58,131 Shares in PACS Group, Inc. (NYSE:PACS) Bought by Mariner LLC

Mariner LLC bought a new position in PACS Group, Inc. (NYSE:PACS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 58,131 shares of the company's stock, valued at approximately $762,000.

Several other hedge funds also recently made changes to their positions in PACS. Rhumbline Advisers boosted its holdings in PACS Group by 2.5% during the fourth quarter. Rhumbline Advisers now owns 50,540 shares of the company's stock worth $663,000 after buying an additional 1,217 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of PACS Group by 6.8% during the 4th quarter. Wells Fargo & Company MN now owns 34,317 shares of the company's stock worth $450,000 after purchasing an additional 2,196 shares during the last quarter. Arizona State Retirement System raised its position in shares of PACS Group by 53.9% during the 4th quarter. Arizona State Retirement System now owns 13,510 shares of the company's stock worth $177,000 after purchasing an additional 4,734 shares during the last quarter. SG Americas Securities LLC grew its stake in PACS Group by 40.3% in the 4th quarter. SG Americas Securities LLC now owns 19,249 shares of the company's stock worth $252,000 after acquiring an additional 5,528 shares during the period. Finally, Barclays PLC increased its stake in PACS Group by 11.9% in the fourth quarter. Barclays PLC now owns 70,882 shares of the company's stock valued at $929,000 after purchasing an additional 7,516 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Macquarie dropped their price target on shares of PACS Group from $42.00 to $24.00 and set an "outperform" rating for the company in a research report on Monday, January 6th. Truist Financial lowered their price target on PACS Group from $46.00 to $32.00 and set a "buy" rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $34.00.

PACS Group Price Performance

NYSE:PACS opened at $9.62 on Tuesday. PACS Group, Inc. has a one year low of $8.28 and a one year high of $43.92. The stock has a 50-day simple moving average of $11.06 and a 200 day simple moving average of $16.59. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.82.

PACS Group Profile

PACS Group, Inc, through its subsidiaries, operates skilled nursing facilities and assisted living facilities in the United States. The company also provides senior care and independent facilities. It engages in the acquisition, ownership, and leasing of health care-related properties. The company was founded in 2013 and is based in Farmington, Utah.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.