Jump Financial LLC Acquires Shares of 64,123 PACS Group, Inc. (NYSE:PACS)

Jump Financial LLC acquired a new position in shares of PACS Group, Inc. (NYSE:PACS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 64,123 shares of the company's stock, valued at approximately $841,000.

A number of other hedge funds have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in PACS Group during the 4th quarter worth $126,000. Savant Capital LLC bought a new stake in PACS Group in the fourth quarter valued at about $142,000. XTX Topco Ltd acquired a new position in PACS Group in the fourth quarter valued at about $161,000. ExodusPoint Capital Management LP acquired a new position in PACS Group in the fourth quarter valued at about $174,000. Finally, Arizona State Retirement System boosted its holdings in PACS Group by 53.9% during the fourth quarter. Arizona State Retirement System now owns 13,510 shares of the company's stock worth $177,000 after buying an additional 4,734 shares during the last quarter.

PACS Group Stock Up 2.9 %

PACS Group stock traded up $0.27 during mid-day trading on Friday, reaching $9.61. The company's stock had a trading volume of 388,770 shares, compared to its average volume of 787,933. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82. PACS Group, Inc. has a 12 month low of $8.28 and a 12 month high of $43.92. The business's 50 day simple moving average is $11.13 and its 200 day simple moving average is $16.80.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PACS. Macquarie reduced their price objective on shares of PACS Group from $42.00 to $24.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. Truist Financial reduced their price target on shares of PACS Group from $46.00 to $32.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, PACS Group presently has an average rating of "Moderate Buy" and an average price target of $34.00.

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.