30,534 Shares in PACS Group, Inc. (NYSE:PACS) Purchased by Aigen Investment Management LP

Aigen Investment Management LP bought a new stake in PACS Group, Inc. (NYSE:PACS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 30,534 shares of the company's stock, valued at approximately $400,000.

Other large investors also recently bought and sold shares of the company. Amalgamated Bank lifted its position in shares of PACS Group by 56.7% during the third quarter. Amalgamated Bank now owns 1,349 shares of the company's stock worth $54,000 after purchasing an additional 488 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of PACS Group during the third quarter worth about $66,000. Savant Capital LLC acquired a new stake in shares of PACS Group during the fourth quarter worth about $142,000. Bleakley Financial Group LLC acquired a new stake in shares of PACS Group during the fourth quarter worth about $179,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of PACS Group during the third quarter worth about $251,000.

PACS Group Trading Down 0.9 %

Shares of NYSE PACS traded down $0.12 during mid-day trading on Friday, hitting $12.95. 376,740 shares of the company were exchanged, compared to its average volume of 538,746. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a 50 day simple moving average of $13.58 and a 200-day simple moving average of $24.32. PACS Group, Inc. has a 1-year low of $12.38 and a 1-year high of $43.92.

Analysts Set New Price Targets

Several analysts recently weighed in on PACS shares. Truist Financial reduced their target price on shares of PACS Group from $46.00 to $32.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Macquarie reduced their target price on shares of PACS Group from $42.00 to $24.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Stephens dropped their price target on shares of PACS Group from $48.00 to $31.00 and set an "overweight" rating on the stock in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $18.00 price target on shares of PACS Group in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

Remove Ads

PACS Group Company 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.