Goldman Sachs Group Inc. Sells 294,542 Shares of PACS Group, Inc. $PACS

Key Points

• Goldman Sachs Group Inc. has decreased its position in PACS Group, Inc. by 51.5%, owning 277,636 shares after selling 294,542 shares in the first quarter.
• Other hedge funds have shown varied activity, with Assenagon Asset Management increasing its stake by 107.9% during the same period, highlighting fluctuating investor interest.
• PACS Group's stock has seen a price range between $7.50 and $43.92 over the past year, opening at $12.01 on the latest trading day.

Goldman Sachs Group Inc. reduced its position in shares of PACS Group, Inc. (NYSE:PACS - Free Report) by 51.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 277,636 shares of the company's stock after selling 294,542 shares during the period. Goldman Sachs Group Inc. owned about 0.18% of PACS Group worth $3,121,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in PACS Group by 16.3% in 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 in the last quarter. Millennium Management LLC increased its position in PACS Group by 68.3% in the 1st quarter. Millennium Management LLC now owns 859,295 shares of the company's stock valued at $9,658,000 after acquiring an additional 348,743 shares in the last quarter. Two Sigma Investments LP increased its position in PACS Group by 868.6% in 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 in the last quarter. Voloridge Investment Management LLC acquired a new stake in PACS Group in the 4th quarter valued at about $7,335,000. Finally, Two Sigma Advisers LP increased its position in PACS Group by 800.4% in the 4th quarter. Two Sigma Advisers LP now owns 435,800 shares of the company's stock valued at $5,713,000 after acquiring an additional 387,400 shares in the last quarter.

PACS Group Stock Down 4.4%

Shares of NYSE:PACS traded down $0.59 during trading on Tuesday, hitting $12.78. 112,653 shares of the company's stock were exchanged, compared to its average volume of 650,303. PACS Group, Inc. has a 1-year low of $7.50 and a 1-year high of $43.92. The firm has a 50-day moving average price of $11.33 and a two-hundred day moving average price of $11.05.

PACS Group 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.