PDT Partners LLC Acquires 31,982 Shares of PACS Group, Inc. $PACS

Key Points

• PDT Partners LLC increased its stake in PACS Group, Inc. by 25.4%, owning 157,711 shares valued at approximately $1.77 million.
• Several other institutional investors, including Barclays PLC and Schonfeld Strategic Advisors LLC, also boosted their holdings in PACS Group during the fourth quarter of the previous year.
• PACS Group's stock opened at $11.58, with a 52-week trading range between $8.28 and $43.92.

PDT Partners LLC raised its stake in shares of PACS Group, Inc. (NYSE:PACS - Free Report) by 25.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 157,711 shares of the company's stock after buying an additional 31,982 shares during the quarter. PDT Partners LLC owned about 0.10% of PACS Group worth $1,773,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PACS. Cubist Systematic Strategies LLC acquired a new position in shares of PACS Group during the first quarter worth about $198,000. State of Wyoming raised its holdings in shares of PACS Group by 245.8% during the first quarter. State of Wyoming now owns 12,445 shares of the company's stock worth $140,000 after purchasing an additional 8,846 shares during the period. Maven Securities LTD acquired a new stake in PACS Group in the first quarter worth $562,000. Quantbot Technologies LP increased its position in PACS Group by 279.5% in the 1st quarter. Quantbot Technologies LP now owns 50,886 shares of the company's stock valued at $572,000 after acquiring an additional 37,479 shares during the period. Finally, Versor Investments LP acquired a new position in shares of PACS Group during the first quarter valued at $145,000.

PACS Group Price Performance

NYSE:PACS traded up $0.04 during mid-day trading on Monday, reaching $11.21. 65,932 shares of the stock were exchanged, compared to its average volume of 530,359. PACS Group, Inc. has a 1-year low of $8.28 and a 1-year high of $43.92. The business has a fifty day moving average price of $11.84 and a 200 day moving average price of $11.24.

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.