Mariner LLC bought a new position in shares of PACS Group, Inc. (NYSE:PACS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 58,131 shares of the company's stock, valued at approximately $762,000.
Other large investors have also added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of PACS Group by 651.3% in the third quarter. Barclays PLC now owns 63,366 shares of the company's stock valued at $2,532,000 after purchasing an additional 54,932 shares during the last quarter. Virtu Financial LLC acquired a new stake in PACS Group in the third quarter valued at approximately $472,000. JPMorgan Chase & Co. grew its stake in shares of PACS Group by 5.9% during the third quarter. JPMorgan Chase & Co. now owns 1,272,720 shares of the company's stock worth $50,871,000 after buying an additional 70,786 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of PACS Group during the 4th quarter valued at $772,000. Finally, SG Americas Securities LLC grew its holdings in PACS Group by 40.3% during the 4th quarter. SG Americas Securities LLC now owns 19,249 shares of the company's stock worth $252,000 after acquiring an additional 5,528 shares during the last quarter.
Analyst Upgrades and Downgrades
PACS has been the topic of several research reports. Truist Financial dropped their price objective 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. Macquarie cut their target price 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 research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, PACS Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.
Read Our Latest Stock Analysis on PACS Group
PACS Group Price Performance
PACS Group stock traded up $0.37 during mid-day trading on Friday, reaching $10.09. 312,057 shares of the stock traded hands, compared to its average volume of 785,361. PACS Group, Inc. has a 12-month low of $8.28 and a 12-month high of $43.92. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82. The business's 50-day moving average is $10.79 and its 200-day moving average is $15.90.
PACS Group Profile
(
Free Report)
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.
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