Zimmer Partners LP Cuts Stock Position in PACS Group, Inc. (NYSE:PACS)

Zimmer Partners LP lessened its stake in PACS Group, Inc. (NYSE:PACS - Free Report) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its stake in PACS Group by 2.5% in the 4th quarter. Rhumbline Advisers now owns 50,540 shares of the company's stock worth $663,000 after buying an additional 1,217 shares during the period. MetLife Investment Management LLC increased its stake in PACS Group by 6.6% in the 4th quarter. MetLife Investment Management LLC now owns 24,539 shares of the company's stock worth $322,000 after buying an additional 1,527 shares during the period. Wells Fargo & Company MN increased its stake in PACS Group by 6.8% in the 4th quarter. Wells Fargo & Company MN now owns 34,317 shares of the company's stock worth $450,000 after buying an additional 2,196 shares during the period. Price T Rowe Associates Inc. MD increased its stake in PACS Group by 20.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,524 shares of the company's stock worth $204,000 after buying an additional 2,598 shares during the period. Finally, Bank of America Corp DE increased its stake in PACS Group by 1.4% in the 4th quarter. Bank of America Corp DE now owns 189,886 shares of the company's stock worth $2,489,000 after buying an additional 2,702 shares during the period.

PACS Group Stock Down 0.1%

PACS stock traded down $0.01 during trading on Friday, hitting $9.79. The company had a trading volume of 404,506 shares, compared to its average volume of 789,990. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.82. PACS Group, Inc. has a 52-week low of $8.28 and a 52-week high of $43.92. The company has a 50 day simple moving average of $10.14 and a 200-day simple moving average of $12.94.

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.