PACS Group, Inc. (NYSE:PACS) Shares Sold by Capital International Investors

Capital International Investors lowered its position in PACS Group, Inc. (NYSE:PACS - Free Report) by 48.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,720,437 shares of the company's stock after selling 1,634,274 shares during the period. Capital International Investors owned approximately 1.13% of PACS Group worth $22,555,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cohen & Steers Inc. increased its holdings in shares of PACS Group by 1.5% during the 4th quarter. Cohen & Steers Inc. now owns 9,721,887 shares of the company's stock valued at $127,437,000 after purchasing an additional 139,767 shares in the last quarter. Wellington Management Group LLP increased its holdings in PACS Group by 16.3% in the fourth quarter. Wellington Management Group LLP now owns 6,254,909 shares of the company's stock valued at $82,002,000 after buying an additional 878,358 shares in the last quarter. Vanguard Group Inc. raised its position in shares of PACS Group by 6.4% in the fourth quarter. Vanguard Group Inc. now owns 3,929,545 shares of the company's stock worth $51,516,000 after acquiring an additional 237,069 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of PACS Group by 6.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,350,842 shares of the company's stock worth $17,710,000 after acquiring an additional 78,122 shares in the last quarter. Finally, Crewe Advisors LLC boosted its stake in shares of PACS Group by 66,972.9% during the 4th quarter. Crewe Advisors LLC now owns 1,112,068 shares of the company's stock worth $14,579,000 after acquiring an additional 1,110,410 shares in the last quarter.

PACS Group Stock Up 2.9 %

PACS traded up $0.27 on Friday, hitting $9.61. 388,270 shares of the company's stock were exchanged, compared to its average volume of 784,428. The firm has a 50-day moving average price of $11.21 and a 200-day moving average price of $17.30. 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, Inc. has a fifty-two week low of $8.28 and a fifty-two week high of $43.92.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Truist Financial reduced 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. Macquarie reduced their target price on PACS Group from $42.00 to $24.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, PACS Group has an average rating of "Moderate Buy" and a consensus price target of $34.00.

About PACS Group

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.