22,856 Shares in PACS Group, Inc. (NYSE:PACS) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of PACS Group, Inc. (NYSE:PACS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 22,856 shares of the company's stock, valued at approximately $300,000.

Several other institutional investors have also made changes to their positions in PACS. US Bancorp DE boosted its position in shares of PACS Group by 56.2% during the 3rd quarter. US Bancorp DE now owns 6,681 shares of the company's stock valued at $267,000 after acquiring an additional 2,404 shares in the last quarter. Amalgamated Bank lifted its holdings in PACS Group by 56.7% during the 3rd 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. Los Angeles Capital Management LLC bought a new position in PACS Group during the 3rd quarter valued at about $709,000. Lisanti Capital Growth LLC bought a new position in PACS Group during the 3rd quarter valued at about $4,259,000. Finally, GSA Capital Partners LLP bought a new position in PACS Group during the 3rd quarter valued at about $1,229,000.

Analysts Set New Price Targets

Several brokerages recently issued reports on PACS. 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. Stephens cut their price target on shares of PACS Group from $48.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, November 18th. Macquarie cut their price target on shares of PACS Group from $42.00 to $24.00 and set an "outperform" rating for the company in a report on Monday, January 6th. Finally, 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 report on Monday, January 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $34.00.

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PACS Group Trading Down 0.9 %

Shares of NYSE PACS traded down $0.12 during trading on Friday, reaching $12.95. The company had a trading volume of 376,740 shares, compared to its average volume of 538,746. PACS Group, Inc. has a 52 week low of $12.38 and a 52 week high of $43.92. 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 50 day moving average price is $13.58 and its 200-day moving average price is $24.43.

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.