Twinbeech Capital LP Takes Position in PACS Group, Inc. (NYSE:PACS)

Twinbeech Capital LP purchased a new stake in shares of PACS Group, Inc. (NYSE:PACS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 48,696 shares of the company's stock, valued at approximately $638,000.

A number of other large investors have also recently modified their holdings of PACS. Rhumbline Advisers increased its stake in PACS Group by 2.5% in the fourth quarter. Rhumbline Advisers now owns 50,540 shares of the company's stock valued at $663,000 after acquiring an additional 1,217 shares during the last quarter. MetLife Investment Management LLC boosted 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 worth $322,000 after purchasing an additional 1,527 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of PACS Group by 6.8% during the 4th quarter. Wells Fargo & Company MN now owns 34,317 shares of the company's stock valued at $450,000 after purchasing an additional 2,196 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of PACS Group by 20.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,524 shares of the company's stock valued at $204,000 after purchasing an additional 2,598 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of PACS Group by 1.4% during the 4th quarter. Bank of America Corp DE now owns 189,886 shares of the company's stock valued at $2,489,000 after buying an additional 2,702 shares in the last quarter.

PACS Group Price Performance

NYSE:PACS traded down $0.01 during mid-day trading on Monday, reaching $9.79. The stock had a trading volume of 404,506 shares, compared to its average volume of 789,990. The firm has a 50 day moving average price of $10.14 and a two-hundred day moving average price of $12.89. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71. PACS Group, Inc. has a one year low of $8.28 and a one year high of $43.92.

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.