PACS Group, Inc. (NYSE:PACS) Shares Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. raised its holdings in PACS Group, Inc. (NYSE:PACS - Free Report) by 1,212.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,097,578 shares of the company's stock after acquiring an additional 1,013,920 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.72% of PACS Group worth $14,389,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Bank of America Corp DE grew its position in PACS Group by 1.4% in the 4th quarter. Bank of America Corp DE now owns 189,886 shares of the company's stock valued at $2,489,000 after acquiring an additional 2,702 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of PACS Group by 691.9% during the 4th quarter. BNP Paribas Financial Markets now owns 487,092 shares of the company's stock worth $6,386,000 after buying an additional 425,580 shares in the last quarter. Freestone Grove Partners LP bought a new position in shares of PACS Group during the 4th quarter worth $2,314,000. Voleon Capital Management LP bought a new position in shares of PACS Group during the 4th quarter worth $185,000. Finally, PDT Partners LLC bought a new position in shares of PACS Group during the 4th quarter worth $1,648,000.

PACS Group Stock Down 1.7%

PACS stock traded down $0.19 during trading on Wednesday, reaching $10.76. 141,825 shares of the company traded hands, compared to its average volume of 786,369. PACS Group, Inc. has a 12 month low of $8.28 and a 12 month high of $43.92. The business has a 50 day simple moving average of $10.43 and a 200 day simple moving average of $14.38. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.71 and a quick ratio of 1.71.

PACS Group Company 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.