Vanguard Group Inc. Reduces Position 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. lowered its stake in shares of PACS Group, Inc. (NYSE:PACS - Free Report) by 1.2% during the 1st quarter, according to its most recent disclosure 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 quarter. Vanguard Group Inc. owned about 2.55% of PACS Group worth $43,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP lifted its stake in shares of PACS Group by 16.3% in the fourth quarter. Wellington Management Group LLP now owns 6,254,909 shares of the company's stock worth $82,002,000 after buying an additional 878,358 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in PACS Group by 1,212.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,097,578 shares of the company's stock valued at $14,389,000 after buying an additional 1,013,920 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of PACS Group by 868.6% in the fourth 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 in the last quarter. Man Group plc purchased a new stake in shares of PACS Group in the fourth quarter worth $9,760,000. Finally, Janus Henderson Group PLC increased its stake in shares of PACS Group by 4,211.6% in the fourth quarter. Janus Henderson Group PLC now owns 577,761 shares of the company's stock worth $7,574,000 after purchasing an additional 564,361 shares in the last quarter.

PACS Group Stock Performance

PACS traded up $0.03 during trading on Friday, hitting $11.64. 333,757 shares of the company traded hands, compared to its average volume of 426,533. The stock's 50-day simple moving average is $12.00 and its two-hundred day simple moving average is $11.35. PACS Group, Inc. has a 1 year low of $8.28 and a 1 year high of $43.92.

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.