Jacobs Levy Equity Management Inc. Boosts Holdings in PACS Group, Inc. $PACS

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. grew its holdings in PACS Group, Inc. (NYSE:PACS - Free Report) by 27.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 205,948 shares of the company's stock after purchasing an additional 44,047 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.14% of PACS Group worth $2,315,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PACS. Price T Rowe Associates Inc. MD boosted its holdings in shares of PACS Group by 20.1% in the 4th 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 during the last quarter. Northern Trust Corp raised its position in shares of PACS Group by 3.6% in the fourth quarter. Northern Trust Corp now owns 332,908 shares of the company's stock valued at $4,364,000 after buying an additional 11,430 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of PACS Group by 1.4% in the fourth quarter. Bank of America Corp DE now owns 189,886 shares of the company's stock valued at $2,489,000 after purchasing an additional 2,702 shares during the period. D. E. Shaw & Co. Inc. purchased a new stake in shares of PACS Group in the fourth quarter valued at about $702,000. Finally, Deutsche Bank AG boosted its stake in PACS Group by 53.2% during the fourth quarter. Deutsche Bank AG now owns 33,053 shares of the company's stock worth $433,000 after buying an additional 11,475 shares during the period.

PACS Group Trading Up 4.3%

PACS stock traded up $0.45 during mid-day trading on Tuesday, hitting $10.88. 2,423,741 shares of the company were exchanged, compared to its average volume of 1,286,228. The business has a fifty day simple moving average of $11.39 and a 200-day simple moving average of $11.09. PACS Group, Inc. has a 12-month low of $7.50 and a 12-month high of $43.92.

PACS Group Company 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.