Canada Pension Plan Investment Board acquired a new stake in PACS Group, Inc. (NYSE:PACS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 64,900 shares of the company's stock, valued at approximately $851,000.
Several other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in PACS Group by 6.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,350,842 shares of the company's stock valued at $17,710,000 after buying an additional 78,122 shares in the last quarter. Barclays PLC boosted its holdings in PACS Group by 651.3% during the third quarter. Barclays PLC now owns 63,366 shares of the company's stock worth $2,532,000 after buying an additional 54,932 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of PACS Group by 526.1% in the fourth quarter. Teacher Retirement System of Texas now owns 56,210 shares of the company's stock valued at $737,000 after buying an additional 47,232 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of PACS Group in the fourth quarter valued at about $772,000. Finally, Peterson Wealth Services acquired a new stake in PACS Group during the 4th quarter valued at $488,000.
Analyst Ratings Changes
A number of analysts have recently commented on PACS shares. Macquarie dropped their price objective on PACS Group from $42.00 to $24.00 and set an "outperform" rating for the company in a report on Monday, January 6th. Truist Financial decreased their target price 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $34.00.
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PACS Group Stock Down 1.4 %
Shares of PACS Group stock traded down $0.14 during trading on Wednesday, hitting $9.61. The stock had a trading volume of 523,374 shares, compared to its average volume of 784,230. PACS Group, Inc. has a 1 year low of $8.28 and a 1 year high of $43.92. The stock has a 50 day simple moving average of $10.93 and a 200 day simple moving average of $16.50. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71.
About PACS Group
(
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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