Quantbot Technologies LP Raises Holdings in PACS Group, Inc. $PACS

Key Points

• Quantbot Technologies LP increased its stake in PACS Group, Inc. by 279.5% in Q1, owning 50,886 shares worth approximately $572,000 after acquiring an additional 37,479 shares.
• Other hedge funds such as Versor Investments LP and Russell Investments Group Ltd. also adjusted their positions, indicating a growing institutional interest in PACS Group.
• PACS Group's stock traded down by 2.5%, with a current share price of $11.75, amidst a yearly range of $8.28 to $43.92.

Quantbot Technologies LP increased its holdings in shares of PACS Group, Inc. (NYSE:PACS - Free Report) by 279.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,886 shares of the company's stock after buying an additional 37,479 shares during the period. Quantbot Technologies LP's holdings in PACS Group were worth $572,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in PACS Group during the 4th quarter worth approximately $47,000. GAMMA Investing LLC lifted its stake in PACS Group by 2,363.1% in the first quarter. GAMMA Investing LLC now owns 12,488 shares of the company's stock worth $140,000 after acquiring an additional 11,981 shares during the last quarter. ProShare Advisors LLC increased its stake in PACS Group by 45.4% in the fourth quarter. ProShare Advisors LLC now owns 10,855 shares of the company's stock valued at $142,000 after purchasing an additional 3,391 shares during the last quarter. Versor Investments LP purchased a new position in PACS Group in the first quarter valued at approximately $145,000. Finally, XTX Topco Ltd purchased a new position in shares of PACS Group during the fourth quarter worth about $161,000.

PACS Group Stock Performance

Shares of PACS stock traded up $0.03 during mid-day trading on Friday, hitting $11.64. 333,757 shares of the stock were exchanged, compared to its average volume of 426,533. PACS Group, Inc. has a 12-month low of $8.28 and a 12-month high of $43.92. The stock's fifty day simple moving average is $12.00 and its two-hundred day simple moving average is $11.35.

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.