Paradigm Capital Management Inc. NY Has $2.59 Million Stake in PACS Group, Inc. $PACS

Key Points

• Paradigm Capital Management Inc. NY reduced its stake in PACS Group, Inc. by 28.1%, selling 90,000 shares, leaving it with 230,000 shares valued at $2,585,000.
• Other institutional investors like MetLife and Wells Fargo have increased their holdings in PACS Group, reflecting varied interest amidst changes in ownership.
• PACS Group, Inc. shares are currently trading at $11.64, with a 12-month range between a low of $8.28 and a high of $43.92.

Paradigm Capital Management Inc. NY cut its stake in PACS Group, Inc. (NYSE:PACS - Free Report) by 28.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,000 shares of the company's stock after selling 90,000 shares during the period. Paradigm Capital Management Inc. NY owned approximately 0.15% of PACS Group worth $2,585,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC boosted its holdings in shares of PACS Group by 11.9% in the fourth quarter. Barclays PLC now owns 70,882 shares of the company's stock valued at $929,000 after acquiring an additional 7,516 shares in the last quarter. Rhumbline Advisers boosted its holdings in PACS Group by 3.6% during the first quarter. Rhumbline Advisers now owns 52,380 shares of the company's stock worth $589,000 after buying an additional 1,840 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in PACS Group by 6.8% during the fourth quarter. Wells Fargo & Company MN now owns 34,317 shares of the company's stock worth $450,000 after buying an additional 2,196 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in PACS Group by 6.6% during the fourth quarter. MetLife Investment Management LLC now owns 24,539 shares of the company's stock worth $322,000 after buying an additional 1,527 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in PACS Group by 53.2% during the fourth quarter. Deutsche Bank AG now owns 33,053 shares of the company's stock worth $433,000 after buying an additional 11,475 shares in the last quarter.

PACS Group Trading Down 5.2%

NYSE:PACS traded down $0.61 during trading hours on Wednesday, reaching $10.98. 555,686 shares of the company's stock were exchanged, compared to its average volume of 385,825. PACS Group, Inc. has a 12 month low of $8.28 and a 12 month high of $43.92. The business's 50-day simple moving average is $11.91 and its two-hundred day simple moving average is $11.30.

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.