PACS Group, Inc. (NYSE:PACS - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The stock traded as low as $11.38 and last traded at $11.58, with a volume of 105698 shares. The stock had previously closed at $11.80.
Wall Street Analyst Weigh In
A number of research firms have weighed in on PACS. JPMorgan Chase & Co. restated a "neutral" rating and issued a $18.00 price target on shares of PACS Group in a report on Tuesday, December 17th. Truist Financial decreased 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 note on Monday, January 6th. Finally, Macquarie dropped their price target on shares of PACS Group from $42.00 to $24.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, PACS Group currently has an average rating of "Moderate Buy" and a consensus target price of $34.00.
Check Out Our Latest Report on PACS
PACS Group Price Performance
The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71. The company has a 50 day moving average price of $13.34 and a 200 day moving average price of $22.08.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming acquired a new stake in shares of PACS Group in the 4th quarter valued at about $47,000. Crewe Advisors LLC acquired a new stake in PACS Group during the third quarter valued at approximately $66,000. KLP Kapitalforvaltning AS bought a new position in PACS Group during the 4th quarter worth approximately $126,000. Savant Capital LLC bought a new position in PACS Group during the 4th quarter worth approximately $142,000. Finally, ProShare Advisors LLC grew its position in shares of PACS Group by 45.4% in the 4th quarter. ProShare Advisors LLC now owns 10,855 shares of the company's stock worth $142,000 after acquiring an additional 3,391 shares in the last quarter.
About PACS Group
(
Get 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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