Mackenzie Financial Corp Acquires Shares of 31,497 PACS Group, Inc. (NYSE:PACS)

Mackenzie Financial Corp purchased a new position in shares of PACS Group, Inc. (NYSE:PACS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,497 shares of the company's stock, valued at approximately $413,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its position in shares of PACS Group by 2.5% in the fourth quarter. Rhumbline Advisers now owns 50,540 shares of the company's stock valued at $663,000 after purchasing an additional 1,217 shares during the period. MetLife Investment Management LLC grew its stake in PACS Group by 6.6% in the 4th quarter. MetLife Investment Management LLC now owns 24,539 shares of the company's stock valued at $322,000 after buying an additional 1,527 shares during the last quarter. Wells Fargo & Company MN raised its holdings in PACS Group by 6.8% in the 4th quarter. Wells Fargo & Company MN now owns 34,317 shares of the company's stock valued at $450,000 after acquiring an additional 2,196 shares during the period. Price T Rowe Associates Inc. MD lifted its position in PACS Group by 20.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,524 shares of the company's stock worth $204,000 after acquiring an additional 2,598 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in PACS Group by 1.4% during the fourth quarter. Bank of America Corp DE now owns 189,886 shares of the company's stock worth $2,489,000 after acquiring an additional 2,702 shares during the last quarter.

PACS Group Stock Performance

PACS stock traded up $0.07 during mid-day trading on Friday, hitting $10.43. 249,451 shares of the company were exchanged, compared to its average volume of 794,075. The business has a 50 day simple moving average of $9.87 and a 200-day simple moving average of $12.34. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.82. PACS Group, Inc. has a 1-year low of $8.28 and a 1-year 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.