Invesco Ltd. boosted its stake in PACS Group, Inc. (NYSE:PACS - Free Report) by 6,291.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 969,721 shares of the company's stock after acquiring an additional 954,548 shares during the period. Invesco Ltd. owned 0.64% of PACS Group worth $12,713,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new position in shares of PACS Group in the fourth quarter valued at approximately $126,000. Savant Capital LLC acquired a new position in PACS Group in the 4th quarter valued at $142,000. ExodusPoint Capital Management LP acquired a new position in PACS Group in the 4th quarter valued at $174,000. Arizona State Retirement System raised its position in PACS Group by 53.9% during the 4th quarter. Arizona State Retirement System now owns 13,510 shares of the company's stock worth $177,000 after buying an additional 4,734 shares during the last quarter. Finally, Bleakley Financial Group LLC acquired a new stake in shares of PACS Group in the 4th quarter worth $179,000.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. 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 report on Monday, January 6th. Macquarie cut 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 equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.
View Our Latest Report on PACS Group
PACS Group Price Performance
PACS stock traded up $0.27 on Friday, reaching $9.61. The company had a trading volume of 192,940 shares, compared to its average volume of 783,763. PACS Group, Inc. has a 1 year low of $8.28 and a 1 year high of $43.92. The company's fifty day moving average is $11.21 and its 200 day moving average is $17.30. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.71 and a quick ratio of 1.71.
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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