Dynamic Technology Lab Private Ltd Takes Position in PACS Group, Inc. $PACS

Key Points

• Dynamic Technology Lab Private Ltd has acquired 41,721 shares of PACS Group, Inc., bringing the total value of their investment to approximately $469,000.
• Several institutional investors, including Price T Rowe Associates and Deutsche Bank AG, have recently increased their stakes in PACS Group, indicating growing interest in the company.
• PACS Group's stock opened at $7.70 and has shown significant price fluctuations, with a one-year low of $7.50 and a high of $43.92.

Dynamic Technology Lab Private Ltd bought a new position in PACS Group, Inc. (NYSE:PACS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 41,721 shares of the company's stock, valued at approximately $469,000.

Other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers increased its holdings in shares of PACS Group by 3.6% during the 1st quarter. Rhumbline Advisers now owns 52,380 shares of the company's stock valued at $589,000 after acquiring an additional 1,840 shares during the last quarter. Deutsche Bank AG lifted its position in shares of PACS Group by 53.2% during the 4th quarter. Deutsche Bank AG now owns 33,053 shares of the company's stock worth $433,000 after buying an additional 11,475 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of PACS Group by 107.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 122,357 shares of the company's stock worth $1,375,000 after buying an additional 63,495 shares during the period. California State Teachers Retirement System lifted its position in shares of PACS Group by 45.8% during the 4th quarter. California State Teachers Retirement System now owns 42,984 shares of the company's stock worth $564,000 after buying an additional 13,511 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in PACS Group by 59.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,019 shares of the company's stock valued at $695,000 after purchasing an additional 19,831 shares during the last quarter.

PACS Group Stock Up 4.3%

Shares of NYSE PACS traded up $0.45 during midday trading on Tuesday, hitting $10.88. The stock had a trading volume of 2,423,741 shares, compared to its average volume of 1,286,228. The company's 50-day simple moving average is $11.39 and its 200 day simple moving average is $11.09. PACS Group, Inc. has a fifty-two week low of $7.50 and a fifty-two week high of $43.92.

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.