Walleye Capital LLC Makes New $1.95 Million Investment in PACS Group, Inc. (NYSE:PACS)

Walleye Capital LLC acquired a new position in PACS Group, Inc. (NYSE:PACS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 148,782 shares of the company's stock, valued at approximately $1,951,000. Walleye Capital LLC owned about 0.10% of PACS Group at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of PACS Group by 2.5% in the fourth quarter. Rhumbline Advisers now owns 50,540 shares of the company's stock worth $663,000 after acquiring an additional 1,217 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in PACS Group by 6.8% during the fourth quarter. Wells Fargo & Company MN now owns 34,317 shares of the company's stock valued at $450,000 after acquiring an additional 2,196 shares during the period. Arizona State Retirement System boosted its holdings in PACS Group by 53.9% during the fourth quarter. Arizona State Retirement System now owns 13,510 shares of the company's stock valued at $177,000 after acquiring an additional 4,734 shares during the period. SG Americas Securities LLC lifted its stake in shares of PACS Group by 40.3% in the fourth quarter. SG Americas Securities LLC now owns 19,249 shares of the company's stock valued at $252,000 after buying an additional 5,528 shares during the period. Finally, Barclays PLC lifted its stake in shares of PACS Group by 11.9% in the fourth quarter. Barclays PLC now owns 70,882 shares of the company's stock valued at $929,000 after buying an additional 7,516 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Truist Financial cut their price target 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. Macquarie reduced 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, PACS Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

PACS Group Trading Up 1.8 %

NYSE:PACS traded up $0.17 during mid-day trading on Thursday, hitting $9.16. The company had a trading volume of 97,164 shares, compared to its average volume of 782,484. PACS Group, Inc. has a fifty-two week low of $8.28 and a fifty-two week high of $43.92. The business's fifty day moving average is $11.29 and its two-hundred day moving average is $17.50. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.82.

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.