Voloridge Investment Management LLC Purchases New Position in PACS Group, Inc. (NYSE:PACS)

Voloridge Investment Management LLC bought a new stake in PACS Group, Inc. (NYSE:PACS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 559,510 shares of the company's stock, valued at approximately $7,335,000. Voloridge Investment Management LLC owned 0.37% of PACS Group as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in PACS Group by 6.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,350,842 shares of the company's stock valued at $17,710,000 after acquiring an additional 78,122 shares during the period. Barclays PLC boosted its stake in PACS Group by 651.3% in the third quarter. Barclays PLC now owns 63,366 shares of the company's stock valued at $2,532,000 after acquiring an additional 54,932 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of PACS Group by 526.1% during the 4th quarter. Teacher Retirement System of Texas now owns 56,210 shares of the company's stock valued at $737,000 after purchasing an additional 47,232 shares during the period. Swiss National Bank increased its holdings in PACS Group by 31.8% during the 4th quarter. Swiss National Bank now owns 91,600 shares of the company's stock worth $1,201,000 after acquiring an additional 22,100 shares during the period. Finally, Peterson Wealth Services bought a new stake in PACS Group during the fourth quarter valued at approximately $488,000.

PACS Group Stock Down 1.1%

Shares of NYSE PACS traded down $0.11 during mid-day trading on Friday, reaching $9.82. 38,597 shares of the company were exchanged, compared to its average volume of 784,967. PACS Group, Inc. has a 52 week low of $8.28 and a 52 week high of $43.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71. The company's 50 day moving average price is $10.03 and its 200 day moving average price is $12.77.

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.