Wellington Management Group LLP Increases Position in PACS Group, Inc. (NYSE:PACS)

Wellington Management Group LLP increased its stake in shares of PACS Group, Inc. (NYSE:PACS - Free Report) by 16.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,254,909 shares of the company's stock after purchasing an additional 878,358 shares during the period. Wellington Management Group LLP owned approximately 4.10% of PACS Group worth $82,002,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PACS. California State Teachers Retirement System raised its holdings in PACS Group by 45.8% during the fourth quarter. California State Teachers Retirement System now owns 42,984 shares of the company's stock worth $564,000 after acquiring an additional 13,511 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in PACS Group during the fourth quarter worth approximately $413,000. Paradigm Capital Management Inc. NY acquired a new stake in shares of PACS Group in the 4th quarter valued at $4,195,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of PACS Group by 59.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,019 shares of the company's stock valued at $695,000 after purchasing an additional 19,831 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in shares of PACS Group in the 4th quarter valued at $7,335,000.

PACS Group Stock Performance

Shares of NYSE PACS remained flat at $9.93 during mid-day trading on Friday. The company had a trading volume of 292,870 shares, compared to its average volume of 788,052. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82. PACS Group, Inc. has a 12 month low of $8.28 and a 12 month high of $43.92. The firm's fifty day simple moving average is $9.99 and its 200 day simple moving average is $12.69.

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.