Jump Financial LLC Takes Position in PACS Group, Inc. (NYSE:PACS)

Jump Financial LLC bought a new stake in PACS Group, Inc. (NYSE:PACS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 64,123 shares of the company's stock, valued at approximately $841,000.

Other institutional investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of PACS Group during the fourth quarter worth $126,000. Savant Capital LLC acquired a new stake in PACS Group in the 4th quarter worth about $142,000. XTX Topco Ltd acquired a new position in shares of PACS Group during the 4th quarter valued at about $161,000. ExodusPoint Capital Management LP acquired a new position in shares of PACS Group during the 4th quarter valued at about $174,000. Finally, Arizona State Retirement System lifted its holdings in shares of 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 acquiring an additional 4,734 shares during the period.

Analyst Upgrades and Downgrades

PACS has been the topic of several research reports. Macquarie reduced their target price on PACS Group from $42.00 to $24.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. 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. One investment 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, PACS Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

PACS Group Trading Up 2.9 %

Shares of PACS Group stock traded up $0.27 during trading hours on Friday, hitting $9.61. 388,770 shares of the company's stock traded hands, compared to its average volume of 784,428. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82. PACS Group, Inc. has a twelve month low of $8.28 and a twelve month high of $43.92. The stock has a 50 day simple moving average of $11.21 and a 200-day simple moving average of $17.30.

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.