Millennium Management LLC Sells 646,084 Shares of PACS Group, Inc. (NYSE:PACS)

Millennium Management LLC decreased its position in PACS Group, Inc. (NYSE:PACS - Free Report) by 55.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 510,552 shares of the company's stock after selling 646,084 shares during the period. Millennium Management LLC owned 0.34% of PACS Group worth $6,693,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. acquired a new stake in shares of PACS Group during the fourth quarter worth about $2,123,000. Janus Henderson Group PLC increased its position in shares of PACS Group by 4,211.6% during the 4th quarter. Janus Henderson Group PLC now owns 577,761 shares of the company's stock worth $7,574,000 after purchasing an additional 564,361 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of PACS Group by 53.2% during the 4th quarter. Deutsche Bank AG now owns 33,053 shares of the company's stock worth $433,000 after acquiring an additional 11,475 shares during the period. D. E. Shaw & Co. Inc. bought a new position in shares of PACS Group during the 4th quarter worth approximately $702,000. Finally, Concentric Capital Strategies LP boosted its stake in shares of PACS Group by 79.3% during the 4th quarter. Concentric Capital Strategies LP now owns 178,083 shares of the company's stock worth $2,335,000 after acquiring an additional 78,751 shares during the period.

PACS Group Stock Performance

Shares of NYSE PACS remained flat at $9.93 during midday trading on Friday. The stock had a trading volume of 292,870 shares, compared to its average volume of 790,124. 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 one year low of $8.28 and a one year high of $43.92. The business has a 50 day moving average of $9.96 and a 200 day moving average of $12.56.

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.