PACS Group (NYSE:PACS) Reaches New 1-Year Low - Time to Sell?

PACS Group, Inc. (NYSE:PACS - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The company traded as low as $9.00 and last traded at $9.57, with a volume of 853766 shares changing hands. The stock had previously closed at $9.54.

Analyst Ratings Changes

A number of equities analysts have commented on PACS shares. Truist Financial cut their price objective 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. JPMorgan Chase & Co. reissued a "neutral" rating and set a $18.00 price target on shares of PACS Group in a report on Tuesday, December 17th. Finally, Macquarie reduced their price objective on shares of PACS Group from $42.00 to $24.00 and set an "outperform" rating for the company in a research report 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

PACS Group Trading Down 1.9 %

The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.82. The business's fifty day moving average is $12.09 and its 200 day moving average is $19.02.

Institutional Investors Weigh In On PACS Group

Several institutional investors have recently modified their holdings of PACS. State of Wyoming purchased a new stake in shares of PACS Group in the 4th quarter worth about $47,000. KLP Kapitalforvaltning AS acquired a new position in PACS Group during the fourth quarter worth about $126,000. GAMMA Investing LLC lifted its holdings in shares of PACS Group by 2,363.1% in the first quarter. GAMMA Investing LLC now owns 12,488 shares of the company's stock valued at $140,000 after purchasing an additional 11,981 shares in the last quarter. Savant Capital LLC acquired a new stake in shares of PACS Group in the fourth quarter valued at approximately $142,000. Finally, ProShare Advisors LLC increased its stake in shares of PACS Group by 45.4% during the 4th quarter. ProShare Advisors LLC now owns 10,855 shares of the company's stock worth $142,000 after purchasing an additional 3,391 shares in the last quarter.

PACS Group Company 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.