Jacobs Levy Equity Management Inc. Takes Position in PACS Group, Inc. (NYSE:PACS)

Jacobs Levy Equity Management Inc. acquired a new position in shares of PACS Group, Inc. (NYSE:PACS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 161,901 shares of the company's stock, valued at approximately $2,123,000. Jacobs Levy Equity Management Inc. owned 0.11% of PACS Group as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in PACS Group by 6.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,350,842 shares of the company's stock valued at $17,710,000 after purchasing an additional 78,122 shares in the last quarter. Barclays PLC increased its holdings in shares of PACS Group by 651.3% during the third 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 in the last quarter. Teacher Retirement System of Texas raised its position in shares of PACS Group by 526.1% during the fourth quarter. Teacher Retirement System of Texas now owns 56,210 shares of the company's stock worth $737,000 after purchasing an additional 47,232 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of PACS Group during the fourth quarter worth approximately $772,000. Finally, Peterson Wealth Services bought a new position in shares of PACS Group in the 4th quarter worth $488,000.

PACS Group Price Performance

PACS stock traded down $0.16 during midday trading on Monday, reaching $10.65. 291,619 shares of the company's stock traded hands, compared to its average volume of 791,292. 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 firm's fifty day moving average price is $10.29 and its 200-day moving average price is $13.30. 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.