PACS Group, Inc. $PACS Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. increased its stake in PACS Group, Inc. by 15.6%, owning a total of 141,401 shares worth approximately $1.83 million after purchasing an additional 19,044 shares.
• Other institutional investors, including MIRAE ASSET GLOBAL ETFS Holdings and Rhumbline Advisers, also raised their holdings in PACS Group during the first quarter, highlighting growing interest in the company's shares.
• PACS Group's stock opened at $13.94 with a 52-week range from $7.50 to $43.92, reflecting significant volatility and investor attention in the market.

Assenagon Asset Management S.A. raised its position in shares of PACS Group, Inc. (NYSE:PACS - Free Report) by 15.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 141,401 shares of the company's stock after purchasing an additional 19,044 shares during the period. Assenagon Asset Management S.A. owned 0.09% of PACS Group worth $1,827,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in PACS Group by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,280 shares of the company's stock valued at $262,000 after purchasing an additional 1,443 shares during the period. Rhumbline Advisers boosted its stake in PACS Group by 3.6% during the 1st quarter. Rhumbline Advisers now owns 52,380 shares of the company's stock valued at $589,000 after purchasing an additional 1,840 shares during the period. Mackenzie Financial Corp boosted its stake in PACS Group by 8.4% during the 1st quarter. Mackenzie Financial Corp now owns 34,153 shares of the company's stock valued at $384,000 after purchasing an additional 2,656 shares during the period. Bank of America Corp DE boosted its stake in PACS Group by 1.4% during the 4th quarter. Bank of America Corp DE now owns 189,886 shares of the company's stock valued at $2,489,000 after purchasing an additional 2,702 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in PACS Group by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 172,649 shares of the company's stock valued at $1,941,000 after purchasing an additional 2,890 shares during the period.

PACS Group Price Performance

PACS Group stock opened at $13.94 on Friday. The firm has a 50-day moving average price of $11.40 and a two-hundred day moving average price of $11.09. PACS Group, Inc. has a 52-week low of $7.50 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.

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