Cohen & Steers Inc. Raises Stock Holdings in PACS Group, Inc. (NYSE:PACS)

Cohen & Steers Inc. lifted its stake in shares of PACS Group, Inc. (NYSE:PACS - Free Report) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,721,887 shares of the company's stock after buying an additional 139,767 shares during the quarter. Cohen & Steers Inc. owned about 6.38% of PACS Group worth $127,437,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. KLP Kapitalforvaltning AS purchased a new position in shares of PACS Group during the fourth quarter worth about $126,000. Savant Capital LLC acquired a new position in shares of PACS Group in the fourth quarter valued at approximately $142,000. Virtu Financial LLC purchased a new stake in shares of PACS Group during the third quarter worth approximately $472,000. ExodusPoint Capital Management LP acquired a new position in PACS Group in the 4th quarter valued at $174,000. Finally, Janus Henderson Group PLC purchased a new position in PACS Group during the 3rd quarter worth $535,000.

PACS Group Price Performance

PACS Group stock traded up $0.13 during trading hours on Friday, hitting $9.24. The stock had a trading volume of 1,799,701 shares, compared to its average volume of 782,948. 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 1-year low of $8.87 and a 1-year high of $43.92. The stock's fifty day moving average is $11.59 and its two-hundred day moving average is $18.12.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PACS. Macquarie lowered their target price on shares of 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 reduced their price target on PACS Group from $46.00 to $32.00 and set a "buy" rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $34.00.

About PACS Group

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.