Russell Investments Group Ltd. Has $4.11 Million Stock Position in PACS Group, Inc. $PACS

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.

Russell Investments Group Ltd. lifted its stake in PACS Group, Inc. (NYSE:PACS - Free Report) by 17.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 365,985 shares of the company's stock after buying an additional 54,114 shares during the period. Russell Investments Group Ltd. owned about 0.24% of PACS Group worth $4,114,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PACS. Barclays PLC increased its holdings in shares of PACS Group by 11.9% during the fourth quarter. Barclays PLC now owns 70,882 shares of the company's stock worth $929,000 after buying an additional 7,516 shares in the last quarter. Legal & General Group Plc grew its holdings in PACS Group by 31.8% during the 4th quarter. Legal & General Group Plc now owns 43,786 shares of the company's stock worth $574,000 after acquiring an additional 10,568 shares during the period. Rhumbline Advisers grew its holdings in shares of PACS Group by 3.6% in the 1st quarter. Rhumbline Advisers now owns 52,380 shares of the company's stock valued at $589,000 after buying an additional 1,840 shares during the period. Wells Fargo & Company MN grew its holdings in shares of PACS Group by 6.8% in the 4th quarter. Wells Fargo & Company MN now owns 34,317 shares of the company's stock valued at $450,000 after buying an additional 2,196 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in shares of PACS Group by 6.6% in the 4th quarter. MetLife Investment Management LLC now owns 24,539 shares of the company's stock valued at $322,000 after buying an additional 1,527 shares during the period.

PACS Group Trading Down 0.8%

PACS traded down $0.10 during trading on Tuesday, hitting $11.69. The company had a trading volume of 525,307 shares, compared to its average volume of 541,564. PACS Group, Inc. has a one year low of $8.28 and a one year high of $43.92. The firm's 50-day moving average price is $12.10 and its 200 day moving average price is $11.38.

PACS Group 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.