Maven Securities LTD Makes New $562,000 Investment 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 shares of PACS Group, Inc. (NYSE:PACS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,000 shares of the company's stock, valued at approximately $562,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. State of Wyoming acquired a new stake in shares of PACS Group during the fourth quarter worth $47,000. GAMMA Investing LLC raised its holdings in shares of PACS Group by 2,363.1% during the first 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. ProShare Advisors LLC raised its holdings in shares of PACS Group by 45.4% during the fourth 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. Versor Investments LP acquired a new stake in shares of PACS Group during the first quarter worth $145,000. Finally, XTX Topco Ltd acquired a new stake in shares of PACS Group during the fourth quarter worth $161,000.

PACS Group Stock Up 2.4%

Shares of NYSE:PACS traded up $0.2850 on Friday, reaching $12.0150. 612,141 shares of the company's stock were exchanged, compared to its average volume of 435,974. PACS Group, Inc. has a fifty-two week low of $8.28 and a fifty-two week high of $43.92. The business's 50-day moving average is $12.07 and its two-hundred day moving average is $11.44.

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.