Zimmer Partners LP Decreases Stake in PACS Group, Inc. (NYSE:PACS)

Zimmer Partners LP decreased its position in PACS Group, Inc. (NYSE:PACS - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,947,229 shares of the company's stock after selling 382,300 shares during the period. Zimmer Partners LP owned 1.28% of PACS Group worth $25,528,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in shares of PACS Group during the 4th quarter worth approximately $47,000. KLP Kapitalforvaltning AS purchased a new stake in shares of PACS Group during the 4th quarter worth approximately $126,000. Savant Capital LLC purchased a new stake in shares of PACS Group during the 4th quarter worth approximately $142,000. ProShare Advisors LLC increased its stake in shares of PACS Group by 45.4% during the 4th 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 last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of PACS Group during the 4th quarter worth approximately $161,000.

PACS Group Trading Down 1.5%

Shares of PACS stock opened at $10.65 on Tuesday. The company has a 50 day moving average of $10.29 and a 200-day moving average of $13.30. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71. PACS Group, Inc. has a 12-month low of $8.28 and a 12-month 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.

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