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Invesco Ltd. Sells 954,720 Shares of PACS Group, Inc. $PACS

PACS Group logo with Medical background

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.
  • Five stocks we like better than PACS Group.

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

Other institutional investors have also recently bought and sold shares of the company. State of Wyoming bought a new stake in PACS Group in the 4th quarter valued at approximately $47,000. GAMMA Investing LLC raised its stake in shares of PACS Group by 2,363.1% during the 1st quarter. GAMMA Investing LLC now owns 12,488 shares of the company's stock worth $140,000 after purchasing an additional 11,981 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of PACS Group by 45.4% during the 4th quarter. ProShare Advisors LLC now owns 10,855 shares of the company's stock worth $142,000 after purchasing an additional 3,391 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of PACS Group by 20.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,524 shares of the company's stock worth $204,000 after purchasing an additional 2,598 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of PACS Group by 19.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,078 shares of the company's stock worth $282,000 after purchasing an additional 4,100 shares in the last quarter.

PACS Group Trading Up 1.0%

Shares of PACS Group stock opened at $11.29 on Tuesday. PACS Group, Inc. has a 12-month low of $8.28 and a 12-month high of $43.92. The business's 50 day moving average is $11.81 and its 200-day moving average is $11.23.

About PACS Group

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding PACS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PACS Group, Inc. (NYSE:PACS - Free Report).

Institutional Ownership by Quarter for PACS Group (NYSE:PACS)

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