Nuveen Asset Management LLC Has $1.33 Million Stake in PACS Group, Inc. (NYSE:PACS)

Nuveen Asset Management LLC lowered its stake in shares of PACS Group, Inc. (NYSE:PACS - Free Report) by 70.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,237 shares of the company's stock after selling 239,829 shares during the quarter. Nuveen Asset Management LLC owned about 0.07% of PACS Group worth $1,327,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PACS. Cohen & Steers Inc. boosted its holdings in shares of PACS Group by 1.5% in the 4th quarter. Cohen & Steers Inc. now owns 9,721,887 shares of the company's stock valued at $127,437,000 after purchasing an additional 139,767 shares in the last quarter. Wellington Management Group LLP raised its position in PACS Group by 16.3% during the 4th quarter. Wellington Management Group LLP now owns 6,254,909 shares of the company's stock worth $82,002,000 after purchasing an additional 878,358 shares during the last quarter. Vanguard Group Inc. raised its position in PACS Group by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 3,929,545 shares of the company's stock worth $51,516,000 after purchasing an additional 237,069 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of PACS Group by 6.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,350,842 shares of the company's stock worth $17,710,000 after acquiring an additional 78,122 shares in the last quarter. Finally, Crewe Advisors LLC raised its position in shares of PACS Group by 66,972.9% in the 4th quarter. Crewe Advisors LLC now owns 1,112,068 shares of the company's stock worth $14,579,000 after acquiring an additional 1,110,410 shares in the last quarter.

PACS Group Stock Up 0.7%

PACS Group stock traded up $0.07 during midday trading on Friday, reaching $10.43. The stock had a trading volume of 249,451 shares, compared to its average volume of 791,514. PACS Group, Inc. has a 12 month low of $8.28 and a 12 month high of $43.92. The company has a fifty day moving average price of $9.87 and a two-hundred day moving average price of $12.34. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71.

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.