Nuveen LLC Buys Shares of 170,637 PACS Group, Inc. $PACS

Key Points

• Nuveen LLC has acquired 170,637 shares of PACS Group, Inc., valued at approximately $1,918,000, representing a 0.11% ownership stake.
• Other institutional investors, such as GAMMA Investing LLC and ProShare Advisors LLC, have also significantly increased their stakes in PACS Group in recent quarters, exhibiting strong institutional interest.
• PACS Group's stock has traded between a 1-year low of $8.28 and a 1-year high of $43.92, with the current share price at $11.64.

Nuveen LLC purchased a new position in shares of PACS Group, Inc. (NYSE:PACS - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 170,637 shares of the company's stock, valued at approximately $1,918,000. Nuveen LLC owned approximately 0.11% of PACS Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PACS. Wellington Management Group LLP increased its holdings in shares of PACS Group by 16.3% during the 4th quarter. Wellington Management Group LLP now owns 6,254,909 shares of the company's stock valued at $82,002,000 after acquiring an additional 878,358 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of PACS Group by 1,212.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,097,578 shares of the company's stock valued at $14,389,000 after acquiring an additional 1,013,920 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of PACS Group by 868.6% during the 4th quarter. Two Sigma Investments LP now owns 759,534 shares of the company's stock valued at $9,957,000 after acquiring an additional 681,116 shares during the last quarter. Man Group plc acquired a new position in shares of PACS Group during the 4th quarter valued at about $9,760,000. Finally, Janus Henderson Group PLC increased its holdings in shares of PACS Group by 4,211.6% during the 4th quarter. Janus Henderson Group PLC now owns 577,761 shares of the company's stock valued at $7,574,000 after acquiring an additional 564,361 shares during the last quarter.

PACS Group Stock Performance

Shares of NYSE PACS traded up $0.21 during mid-day trading on Thursday, reaching $11.21. 316,857 shares of the company traded hands, compared to its average volume of 381,377. The company's fifty day moving average is $11.88 and its two-hundred day moving average is $11.28. PACS Group, Inc. has a fifty-two week low of $8.28 and a fifty-two week high of $43.92.

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.