161,901 Shares in PACS Group, Inc. (NYSE:PACS) Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. purchased a new stake in shares of PACS Group, Inc. (NYSE:PACS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 161,901 shares of the company's stock, valued at approximately $2,123,000. Jacobs Levy Equity Management Inc. owned approximately 0.11% of PACS Group at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PACS. Barclays PLC raised its stake in PACS Group by 651.3% in the 3rd quarter. Barclays PLC now owns 63,366 shares of the company's stock valued at $2,532,000 after acquiring an additional 54,932 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of PACS Group during the 4th quarter valued at about $772,000. SG Americas Securities LLC grew its stake in PACS Group by 40.3% in the 4th quarter. SG Americas Securities LLC now owns 19,249 shares of the company's stock worth $252,000 after buying an additional 5,528 shares in the last quarter. Crewe Advisors LLC grew its position in PACS Group by 66,972.9% in the fourth quarter. Crewe Advisors LLC now owns 1,112,068 shares of the company's stock worth $14,579,000 after acquiring an additional 1,110,410 shares in the last quarter. Finally, Bleakley Financial Group LLC bought a new position in shares of PACS Group during the 4th quarter valued at about $179,000.

PACS Group Price Performance

Shares of NYSE PACS traded down $0.30 during trading hours on Wednesday, reaching $10.25. 87,929 shares of the stock traded hands, compared to its average volume of 787,362. PACS Group, Inc. has a 52-week low of $8.28 and a 52-week high of $43.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71. The company's 50-day simple moving average is $10.29 and its two-hundred day simple moving average is $13.30.

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.