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

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP grew its stake in PACS Group by 16.3% in the 4th quarter. Wellington Management Group LLP now owns 6,254,909 shares of the company's stock valued at $82,002,000 after buying an additional 878,358 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in PACS Group by 1,212.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,097,578 shares of the company's stock valued at $14,389,000 after buying an additional 1,013,920 shares during the last quarter. Two Sigma Investments LP grew its stake in PACS Group by 868.6% in the 4th quarter. Two Sigma Investments LP now owns 759,534 shares of the company's stock valued at $9,957,000 after buying an additional 681,116 shares during the last quarter. Man Group plc acquired a new position in PACS Group in the 4th quarter valued at $9,760,000. Finally, Janus Henderson Group PLC grew its stake in PACS Group by 4,211.6% in the 4th quarter. Janus Henderson Group PLC now owns 577,761 shares of the company's stock valued at $7,574,000 after buying an additional 564,361 shares during the last quarter.

PACS Group Stock Performance

NYSE:PACS traded up $0.03 during midday trading on Friday, reaching $11.64. The stock had a trading volume of 333,757 shares, compared to its average volume of 411,952. PACS Group, Inc. has a 1-year low of $8.28 and a 1-year high of $43.92. The firm's fifty day simple moving average is $12.00 and its 200-day simple moving average is $11.31.

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.