Universal Beteiligungs und Servicegesellschaft mbH Takes $4.24 Million Position in PACS Group, Inc. (NYSE:PACS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $4.24 million in PACS Group, acquiring 377,064 shares during the first quarter, representing around 0.25% of the company's stock.
• Other institutional investors, such as JPMorgan Chase & Co. and Teacher Retirement System of Texas, have also increased their stakes in PACS Group, indicating growing institutional interest in the company.
• PACS Group's stock is currently trading at $11.83, with a 52-week range between $8.28 and $43.92, reflecting volatility in the company's market performance.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in PACS Group, Inc. (NYSE:PACS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 377,064 shares of the company's stock, valued at approximately $4,238,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.25% of PACS Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State of Wyoming bought a new position in shares of PACS Group in the fourth quarter worth approximately $47,000. KLP Kapitalforvaltning AS bought a new stake in PACS Group in the fourth quarter valued at $126,000. GAMMA Investing LLC boosted its holdings in PACS Group by 2,363.1% in the first quarter. GAMMA Investing LLC now owns 12,488 shares of the company's stock valued at $140,000 after acquiring an additional 11,981 shares in the last quarter. ProShare Advisors LLC boosted its holdings 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 acquiring an additional 3,391 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in PACS Group in the fourth quarter valued at $161,000.

PACS Group Stock Performance

NYSE:PACS traded down $0.63 during trading hours on Friday, hitting $10.43. The company had a trading volume of 206,803 shares, compared to its average volume of 551,585. The stock has a 50-day moving average price of $11.69 and a 200 day moving average price of $11.73. PACS Group, Inc. has a 52 week low of $8.28 and a 52 week high of $43.92.

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.