Maven Securities LTD Invests $562,000 in PACS Group, Inc. $PACS

Key Points

• Maven Securities LTD has acquired 50,000 shares of PACS Group, Inc., valued at approximately $562,000, indicating growing interest from institutional investors in the company.
• Wellington Management Group LLP significantly increased its stake in PACS by 16.3% during the fourth quarter, now owning over 6 million shares valued at $82 million.
• PACS Group's stock opened at $11.7930, with a 12-month range showing a low of $8.28 and a high of $43.92, reflecting volatility in its market performance.

Maven Securities LTD bought a new position in PACS Group, Inc. (NYSE:PACS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 50,000 shares of the company's stock, valued at approximately $562,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Wyoming purchased a new stake in PACS Group in the 4th quarter worth approximately $47,000. ProShare Advisors LLC boosted its position in 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 during the period. XTX Topco Ltd purchased a new stake in PACS Group during the 4th quarter worth $161,000. GAMMA Investing LLC boosted its position in 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 during the period. Finally, Versor Investments LP purchased a new stake in PACS Group during the 1st quarter worth $145,000.

PACS Group Stock Down 1.9%

PACS Group stock traded down $0.23 during trading on Monday, reaching $11.82. 95,969 shares of the company's stock were exchanged, compared to its average volume of 539,346. The company's 50-day moving average is $12.07 and its two-hundred day moving average is $11.40. PACS Group, Inc. has a 52-week low of $8.28 and a 52-week high of $43.92.

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.