PACS Group, Inc. (NYSE:PACS) Shares Acquired by Crewe Advisors LLC

Crewe Advisors LLC lifted its stake in PACS Group, Inc. (NYSE:PACS - Free Report) by 66,972.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,112,068 shares of the company's stock after buying an additional 1,110,410 shares during the period. PACS Group makes up 2.0% of Crewe Advisors LLC's portfolio, making the stock its 16th biggest position. Crewe Advisors LLC owned 0.73% of PACS Group worth $14,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. Amalgamated Bank lifted its holdings in PACS Group by 56.7% in the 3rd quarter. Amalgamated Bank now owns 1,349 shares of the company's stock worth $54,000 after buying an additional 488 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of PACS Group by 152.2% in the third quarter. Whittier Trust Co. now owns 1,382 shares of the company's stock worth $55,000 after acquiring an additional 834 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in PACS Group in the third quarter valued at about $251,000. SG Americas Securities LLC grew its stake in 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 in the last quarter. Finally, US Bancorp DE increased its holdings in PACS Group by 56.2% during the 3rd quarter. US Bancorp DE now owns 6,681 shares of the company's stock worth $267,000 after purchasing an additional 2,404 shares during the last quarter.

Analyst Upgrades and Downgrades

PACS has been the subject of several research analyst reports. 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. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $18.00 price objective on shares of PACS Group in a research note on Tuesday, December 17th. Truist Financial dropped their target price 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. Finally, Stephens reduced 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 report on Monday, November 18th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.00.

PACS Group Price Performance

PACS traded down $0.09 on Friday, hitting $14.09. 389,949 shares of the company's stock were exchanged, compared to its average volume of 481,569. 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 fifty day moving average of $13.97 and a two-hundred day moving average of $27.43. PACS Group, Inc. has a twelve month low of $12.54 and a twelve month high of $43.92.

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.