Vanguard Group Inc. Has $43.64 Million Stake in PACS Group, Inc. $PACS

Key Points

• Vanguard Group Inc. has constrained its holdings in PACS Group, Inc. by 1.2%, now owning approximately 3.88 million shares valued at around $43.64 million.
• Several other institutional investors, including MetLife Investment Management LLC and Wells Fargo & Company, have also increased their stakes in PACS Group recently.
• The stock price of PACS Group currently stands at $11.75, with a 1-year range of $8.28 to $43.92.

Vanguard Group Inc. lessened its stake in shares of PACS Group, Inc. (NYSE:PACS - Free Report) by 1.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,882,415 shares of the company's stock after selling 47,130 shares during the period. Vanguard Group Inc. owned 2.55% of PACS Group worth $43,638,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. increased 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 during the last quarter. Wellington Management Group LLP increased its stake in shares of 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 purchasing an additional 878,358 shares during the last quarter. Man Group plc bought a new position in shares of PACS Group in the 4th quarter valued at $9,760,000. Two Sigma Investments LP increased its stake in shares of 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 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 purchasing an additional 564,361 shares during the last quarter.

PACS Group Trading Up 0.3%

Shares of PACS traded up $0.03 during midday trading on Friday, hitting $11.64. The company's stock had a trading volume of 333,757 shares, compared to its average volume of 411,952. PACS Group, Inc. has a one year low of $8.28 and a one year high of $43.92. The company's fifty day simple moving average is $12.00 and its two-hundred 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.