PACS Group, Inc. $PACS Shares Acquired by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in PACS Group, Inc. by 27.2%, owning 205,948 shares valued at approximately $2.3 million.
• Other institutional investors also adjusted their positions, with Wellington Management and Janus Henderson Group growing their stakes significantly during the 4th quarter.
• PACS Group stock is currently trading at $7.70, with a one-year low of $7.50 and a high of $43.92.

Jacobs Levy Equity Management Inc. increased its position in shares of PACS Group, Inc. (NYSE:PACS - Free Report) by 27.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,948 shares of the company's stock after buying an additional 44,047 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.14% of PACS Group worth $2,315,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its holdings in PACS Group by 3.6% during the 1st quarter. Rhumbline Advisers now owns 52,380 shares of the company's stock worth $589,000 after acquiring an additional 1,840 shares in the last quarter. Deutsche Bank AG grew its holdings in 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 acquiring an additional 11,475 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in 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 acquiring an additional 63,495 shares in the last quarter. California State Teachers Retirement System grew its holdings in 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 acquiring an additional 13,511 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in PACS Group by 59.8% during 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 worth $695,000 after acquiring an additional 19,831 shares in the last quarter.

PACS Group Price Performance

PACS stock traded up $0.18 during mid-day trading on Friday, hitting $9.78. 3,092,272 shares of the company were exchanged, 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 firm has a fifty day simple moving average of $11.47 and a 200 day simple moving average of $11.12.

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.