PACS Group, Inc. $PACS Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its stake in PACS Group, Inc. by 98.5% in the first quarter, selling 954,720 shares and now holding only 15,001 shares valued at approximately $169,000.
• Other institutional investors, including GAMMA Investing LLC and ProShare Advisors LLC, significantly increased their positions in PACS Group, leading to notable changes in their share ownership.
• PACS Group's stock has seen a trading range from a 12-month low of $8.28 to a high of $43.92, currently priced at $11.29.

Invesco Ltd. decreased its holdings in PACS Group, Inc. (NYSE:PACS - Free Report) by 98.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,001 shares of the company's stock after selling 954,720 shares during the quarter. Invesco Ltd.'s holdings in PACS Group were worth $169,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PACS. State of Wyoming acquired a new stake in PACS Group in the fourth quarter valued at approximately $47,000. GAMMA Investing LLC raised its holdings in PACS Group by 2,363.1% in the first quarter. GAMMA Investing LLC now owns 12,488 shares of the company's stock valued at $140,000 after acquiring an additional 11,981 shares in the last quarter. ProShare Advisors LLC raised its holdings in PACS Group by 45.4% in the fourth quarter. ProShare Advisors LLC now owns 10,855 shares of the company's stock valued at $142,000 after acquiring an additional 3,391 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in PACS Group by 20.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,524 shares of the company's stock valued at $204,000 after acquiring an additional 2,598 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in PACS Group by 19.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,078 shares of the company's stock valued at $282,000 after acquiring an additional 4,100 shares in the last quarter.

PACS Group Stock Up 1.9%

NYSE:PACS traded up $0.18 during mid-day trading on Friday, hitting $9.78. The stock had a trading volume of 3,092,272 shares, compared to its average volume of 1,016,468. PACS Group, Inc. has a twelve month low of $7.50 and a twelve month high of $43.92. The stock has a 50-day simple moving average of $11.47 and a two-hundred day simple moving average of $11.12.

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.