Arrowstreet Capital Limited Partnership bought a new stake in shares of PACS Group, Inc. (NYSE:PACS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 72,255 shares of the company's stock, valued at approximately $947,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of PACS. KLP Kapitalforvaltning AS bought a new stake in PACS Group in the 4th quarter worth approximately $126,000. Savant Capital LLC purchased a new position in shares of PACS Group during the fourth quarter worth approximately $142,000. Arizona State Retirement System lifted its holdings in shares of PACS Group by 53.9% in the 4th quarter. Arizona State Retirement System now owns 13,510 shares of the company's stock worth $177,000 after acquiring an additional 4,734 shares during the last quarter. Bleakley Financial Group LLC purchased a new stake in shares of PACS Group in the 4th quarter valued at $179,000. Finally, SG Americas Securities LLC grew its holdings in shares of PACS Group by 40.3% during the 4th quarter. SG Americas Securities LLC now owns 19,249 shares of the company's stock valued at $252,000 after purchasing an additional 5,528 shares during the last quarter.
Analysts Set New Price Targets
Several research firms have issued reports on PACS. Truist Financial cut their price target on shares of PACS Group from $46.00 to $32.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Macquarie cut 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, PACS Group currently has an average rating of "Moderate Buy" and a consensus target price of $34.00.
Read Our Latest Report on PACS Group
PACS Group Stock Up 1.1 %
PACS stock traded up $0.10 on Thursday, reaching $9.21. The company's stock had a trading volume of 84,439 shares, compared to its average volume of 781,563. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71. The business has a fifty day simple moving average of $11.79 and a two-hundred day simple moving average of $18.53. PACS Group, Inc. has a 12-month low of $8.87 and a 12-month high of $43.92.
About PACS Group
(
Free Report)
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.
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