PACS Group, Inc. (NYSE:PACS) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in PACS Group, Inc. (NYSE:PACS - Free Report) by 526.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,210 shares of the company's stock after buying an additional 47,232 shares during the quarter. Teacher Retirement System of Texas' holdings in PACS Group were worth $737,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new position in shares of PACS Group during the third quarter worth $405,000. Charles Schwab Investment Management Inc. lifted its stake in PACS Group by 78.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 327,005 shares of the company's stock worth $13,070,000 after acquiring an additional 143,389 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in PACS Group by 45.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,882 shares of the company's stock valued at $595,000 after acquiring an additional 4,660 shares during the period. FMR LLC grew its position in PACS Group by 174.4% in the 3rd quarter. FMR LLC now owns 1,641,651 shares of the company's stock valued at $65,617,000 after acquiring an additional 1,043,399 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in PACS Group in the 3rd quarter valued at about $639,000.

Analyst Ratings Changes

PACS has been the subject of several recent research reports. Macquarie lowered 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 note on Monday, January 6th. Truist Financial reduced their target price on shares of PACS Group from $46.00 to $32.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $18.00 price target on shares of PACS Group in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.00.

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PACS Group Trading Down 5.3 %

Shares of NYSE:PACS traded down $0.55 during trading hours on Thursday, reaching $9.71. The stock had a trading volume of 580,995 shares, compared to its average volume of 817,918. PACS Group, Inc. has a 1 year low of $9.41 and a 1 year high of $43.92. The firm's 50 day moving average is $12.84 and its 200-day moving average is $20.75. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.82.

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.