Peterson Wealth Services Invests $488,000 in PACS Group, Inc. (NYSE:PACS)

Peterson Wealth Services bought a new position in PACS Group, Inc. (NYSE:PACS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 37,248 shares of the company's stock, valued at approximately $488,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Amalgamated Bank lifted its stake in PACS Group by 56.7% in the third quarter. Amalgamated Bank now owns 1,349 shares of the company's stock valued at $54,000 after purchasing an additional 488 shares during the last quarter. Whittier Trust Co. lifted its stake in PACS Group by 152.2% in the third quarter. Whittier Trust Co. now owns 1,382 shares of the company's stock valued at $55,000 after purchasing an additional 834 shares during the last quarter. Crewe Advisors LLC purchased a new position in PACS Group in the third quarter valued at approximately $66,000. Savant Capital LLC purchased a new position in PACS Group in the fourth quarter valued at approximately $142,000. Finally, Bleakley Financial Group LLC purchased a new position in PACS Group in the fourth quarter valued at approximately $179,000.

Wall Street Analysts Forecast Growth

PACS has been the topic of several research analyst reports. 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 research note on Monday, January 6th. Macquarie dropped their price objective on PACS Group from $42.00 to $24.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. Stephens dropped their target price on PACS Group from $48.00 to $31.00 and set an "overweight" rating on the stock in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $18.00 target price on shares of PACS Group in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, PACS Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

PACS Group Stock Down 4.1 %

PACS traded down $0.58 during trading on Friday, reaching $13.41. The stock had a trading volume of 505,783 shares, compared to its average volume of 542,583. 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 one year low of $12.54 and a one year high of $43.92. The business has a 50-day moving average of $13.88 and a 200-day moving average of $26.92.

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.