Wellington Management Group LLP Has $67.91 Million Stake in PACS Group, Inc. $PACS

Key Points

• Wellington Management Group LLP has reduced its stake in PACS Group, Inc. by 3.4%, lowering its ownership to approximately 3.96%, which is valued at about $67.9 million.
• Several hedge funds, including Russell Investments Group Ltd. and Zurcher Kantonalbank, have increased their holdings in PACS Group, indicating a growing interest from institutional investors.
• PACS Group's stock has experienced a slight increase of 2.4% recently, and it currently trades around $12, with a notable 1-year low of $8.28 and a high of $43.92.

Wellington Management Group LLP lowered its stake in shares of PACS Group, Inc. (NYSE:PACS - Free Report) by 3.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 6,042,081 shares of the company's stock after selling 212,828 shares during the period. Wellington Management Group LLP owned approximately 3.96% of PACS Group worth $67,913,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. State of Wyoming acquired a new stake in shares of PACS Group during the 4th quarter worth approximately $47,000. GAMMA Investing LLC raised its position in PACS Group by 2,363.1% in the first quarter. GAMMA Investing LLC now owns 12,488 shares of the company's stock worth $140,000 after purchasing an additional 11,981 shares in the last quarter. ProShare Advisors LLC lifted its stake in PACS Group by 45.4% during the fourth quarter. ProShare Advisors LLC now owns 10,855 shares of the company's stock worth $142,000 after purchasing an additional 3,391 shares during the period. Versor Investments LP bought a new stake in shares of PACS Group in the 1st quarter valued at approximately $145,000. Finally, XTX Topco Ltd acquired a new position in shares of PACS Group in the 4th quarter worth approximately $161,000.

PACS Group Price Performance

Shares of PACS Group stock traded down $0.30 during midday trading on Monday, hitting $11.75. 456,575 shares of the company were exchanged, compared to its average volume of 447,607. The firm has a 50 day simple moving average of $12.10 and a 200-day simple moving average of $11.38. PACS Group, Inc. has a 52 week low of $8.28 and a 52 week high of $43.92.

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.