PACS Group, Inc. (NYSE:PACS) Shares Sold by HBK Investments L P

HBK Investments L P lessened its stake in shares of PACS Group, Inc. (NYSE:PACS - Free Report) by 35.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,000 shares of the company's stock after selling 35,000 shares during the period. HBK Investments L P's holdings in PACS Group were worth $852,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new stake in shares of PACS Group in the 4th quarter valued at approximately $126,000. Savant Capital LLC purchased a new stake in shares of PACS Group in the 4th quarter valued at approximately $142,000. XTX Topco Ltd purchased a new stake in shares of PACS Group in the 4th quarter valued at approximately $161,000. ExodusPoint Capital Management LP purchased a new stake in shares of PACS Group in the 4th quarter valued at approximately $174,000. Finally, Arizona State Retirement System grew its stake 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 valued at $177,000 after buying an additional 4,734 shares during the period.

Analyst Ratings Changes

Several research firms have recently weighed in on PACS. 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 note on Monday, January 6th. Truist Financial cut their target price on PACS Group from $46.00 to $32.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $34.00.

PACS Group Trading Up 0.2 %

Shares of PACS stock traded up $0.02 on Monday, hitting $9.62. The stock had a trading volume of 416,376 shares, compared to its average volume of 786,446. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.71 and a quick ratio of 1.71. PACS Group, Inc. has a 1 year low of $8.28 and a 1 year high of $43.92. The company's 50 day moving average price is $11.13 and its 200-day moving average price is $16.80.

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.