Concentric Capital Strategies LP Increases Stake in PACS Group, Inc. (NYSE:PACS)

Concentric Capital Strategies LP boosted its holdings in PACS Group, Inc. (NYSE:PACS - Free Report) by 79.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 178,083 shares of the company's stock after purchasing an additional 78,751 shares during the period. Concentric Capital Strategies LP owned approximately 0.12% of PACS Group worth $2,335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in PACS Group by 6.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,350,842 shares of the company's stock worth $17,710,000 after buying an additional 78,122 shares during the last quarter. Barclays PLC raised its position in PACS Group by 651.3% in the 3rd quarter. Barclays PLC now owns 63,366 shares of the company's stock worth $2,532,000 after buying an additional 54,932 shares during the last quarter. Teacher Retirement System of Texas raised its position in PACS Group by 526.1% in the 4th quarter. Teacher Retirement System of Texas now owns 56,210 shares of the company's stock worth $737,000 after buying an additional 47,232 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in PACS Group in the 4th quarter worth about $772,000. Finally, Peterson Wealth Services purchased a new position in PACS Group in the 4th quarter worth about $488,000.

PACS Group Trading Down 3.6%

PACS traded down $0.40 during trading on Tuesday, hitting $10.74. The company's stock had a trading volume of 234,876 shares, compared to its average volume of 785,403. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82. PACS Group, Inc. has a one year low of $8.28 and a one year high of $43.92. The business's 50 day simple moving average is $10.48 and its 200-day simple moving average is $14.41.

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.