Y Intercept Hong Kong Ltd Buys 31,728 Shares of PACS Group, Inc. (NYSE:PACS)

Key Points

• Y Intercept Hong Kong Ltd has increased its stake in PACS Group, Inc. by 138.8%, now owning 54,584 shares valued at approximately $614,000.
• Other institutional investors, including JPMorgan Chase and Teacher Retirement System of Texas, have also significantly increased their holdings in PACS Group during the fourth quarter.
• PACS Group's stock is currently trading at $11.70, showing a 2.4% increase, with a 52-week range from $8.28 to $43.92.

Y Intercept Hong Kong Ltd increased its holdings in shares of PACS Group, Inc. (NYSE:PACS - Free Report) by 138.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,584 shares of the company's stock after buying an additional 31,728 shares during the period. Y Intercept Hong Kong Ltd's holdings in PACS Group were worth $614,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Peterson Wealth Services raised its stake in shares of PACS Group by 37.3% during the first quarter. Peterson Wealth Services now owns 51,160 shares of the company's stock worth $575,000 after buying an additional 13,912 shares during the last quarter. Bank of New York Mellon Corp increased its stake in PACS Group by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 172,649 shares of the company's stock valued at $1,941,000 after purchasing an additional 2,890 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in PACS Group by 107.9% in the first quarter. Assenagon Asset Management S.A. now owns 122,357 shares of the company's stock worth $1,375,000 after purchasing an additional 63,495 shares during the period. SG Americas Securities LLC raised its holdings in PACS Group by 74.2% in the first quarter. SG Americas Securities LLC now owns 33,536 shares of the company's stock worth $377,000 after purchasing an additional 14,287 shares during the period. Finally, Rhumbline Advisers raised its holdings in PACS Group by 3.6% in the first quarter. Rhumbline Advisers now owns 52,380 shares of the company's stock worth $589,000 after purchasing an additional 1,840 shares during the period.

PACS Group Trading Down 2.7%

PACS traded down $0.31 during mid-day trading on Wednesday, hitting $11.22. The stock had a trading volume of 420,503 shares, compared to its average volume of 488,016. The stock's fifty day simple moving average is $11.67 and its 200-day simple moving average is $11.75. PACS Group, Inc. has a 1-year low of $8.28 and a 1-year high of $43.92.

About PACS Group

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.