Ameriprise Financial Inc. Cuts Holdings in PACS Group, Inc. (NYSE:PACS)

Ameriprise Financial Inc. cut its stake in PACS Group, Inc. (NYSE:PACS - Free Report) by 92.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 93,996 shares of the company's stock after selling 1,176,829 shares during the quarter. Ameriprise Financial Inc. owned about 0.06% of PACS Group worth $1,232,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PACS. Freestone Grove Partners LP bought a new stake in PACS Group during the fourth quarter worth about $2,314,000. Voleon Capital Management LP bought a new position in PACS Group during the 4th quarter valued at approximately $185,000. PDT Partners LLC bought a new position in PACS Group during the 4th quarter valued at approximately $1,648,000. Schonfeld Strategic Advisors LLC raised its position in PACS Group by 36.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 162,666 shares of the company's stock valued at $2,133,000 after purchasing an additional 43,632 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of PACS Group by 3.6% during the 4th quarter. Northern Trust Corp now owns 332,908 shares of the company's stock worth $4,364,000 after acquiring an additional 11,430 shares during the period.

PACS Group Stock Down 0.9%

Shares of PACS Group stock traded down $0.09 during midday trading on Monday, hitting $9.83. The company had a trading volume of 353,406 shares, compared to its average volume of 788,374. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71. The company has a 50 day moving average of $9.96 and a 200 day moving average of $12.52. PACS Group, Inc. has a 52-week low of $8.28 and a 52-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.