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Russell Investments Group Ltd. Raises Holdings in PACS Group, Inc. $PACS

PACS Group logo with Medical background

Key Points

  • Russell Investments Group Ltd. increased its stake in PACS Group, Inc. by 17.4%, acquiring an additional 54,114 shares, bringing its total to 365,985 shares worth $4.11 million.
  • Other institutional investors such as Wells Fargo, Legal & General Group, and Barclays PLC also increased their holdings in PACS Group, indicating growing institutional interest.
  • PACS Group's stock opened at $12.0150 and has a one-year price range between $8.28 and $43.92.
  • MarketBeat previews the top five stocks to own by October 1st.

Russell Investments Group Ltd. boosted its position in shares of PACS Group, Inc. (NYSE:PACS - Free Report) by 17.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 365,985 shares of the company's stock after buying an additional 54,114 shares during the period. Russell Investments Group Ltd. owned approximately 0.24% of PACS Group worth $4,114,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Balyasny Asset Management L.P. boosted its stake in shares of 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 purchasing an additional 1,013,920 shares in the last quarter. Wellington Management Group LLP raised its holdings in PACS Group by 16.3% during the 4th quarter. Wellington Management Group LLP now owns 6,254,909 shares of the company's stock worth $82,002,000 after purchasing an additional 878,358 shares during the last quarter. Man Group plc bought a new position in PACS Group during the 4th quarter worth approximately $9,760,000. Two Sigma Investments LP raised its holdings in PACS Group by 868.6% during the 4th quarter. Two Sigma Investments LP now owns 759,534 shares of the company's stock worth $9,957,000 after purchasing an additional 681,116 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of 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 acquiring an additional 564,361 shares in the last quarter.

PACS Group Stock Performance

Shares of NYSE:PACS traded down $0.21 during mid-day trading on Thursday, hitting $11.65. The company had a trading volume of 264,740 shares, compared to its average volume of 438,926. The firm has a fifty day moving average price of $12.03 and a 200 day moving average price of $11.37. PACS Group, Inc. has a one year low of $8.28 and a one year high of $43.92.

About PACS Group

(Free Report)

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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Institutional Ownership by Quarter for PACS Group (NYSE:PACS)

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