JPMorgan Chase & Co. Has $17.71 Million Position in PACS Group, Inc. (NYSE:PACS)

JPMorgan Chase & Co. raised its holdings in shares of PACS Group, Inc. (NYSE:PACS - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,350,842 shares of the company's stock after acquiring an additional 78,122 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.89% of PACS Group worth $17,710,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Crewe Advisors LLC grew its position in PACS Group by 66,972.9% during the fourth quarter. Crewe Advisors LLC now owns 1,112,068 shares of the company's stock valued at $14,579,000 after purchasing an additional 1,110,410 shares in the last quarter. Royce & Associates LP grew its holdings in shares of PACS Group by 97.4% during the 4th quarter. Royce & Associates LP now owns 918,423 shares of the company's stock valued at $12,041,000 after acquiring an additional 453,225 shares in the last quarter. State Street Corp increased its stake in shares of PACS Group by 119.5% in the third quarter. State Street Corp now owns 754,221 shares of the company's stock worth $30,146,000 after acquiring an additional 410,606 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of PACS Group by 65.2% during the third quarter. Geode Capital Management LLC now owns 834,440 shares of the company's stock worth $33,359,000 after acquiring an additional 329,288 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of PACS Group by 6.4% during 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 in the last quarter.

PACS Group Trading Up 1.1 %

PACS traded up $0.10 on Thursday, hitting $9.21. The company had a trading volume of 84,439 shares, compared to its average volume of 781,563. PACS Group, Inc. has a 1-year low of $8.87 and a 1-year high of $43.92. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82. The company's fifty day moving average price is $11.79 and its 200 day moving average price is $18.53.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PACS shares. Macquarie dropped their target price on PACS Group from $42.00 to $24.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. Truist Financial dropped their price objective on PACS Group from $46.00 to $32.00 and set a "buy" rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $34.00.

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.