PACS Group, Inc. (NYSE:PACS) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• PACS Group, Inc. has received a consensus recommendation of "Moderate Buy" from six research firms, with four analysts giving it a buy rating and one even assigning a sell rating.
• The average 12-month price objective for PACS Group's stock among analysts is $31.00, indicating a potential upside from its current trading price.
• Recently, several institutional investors have significantly increased their stakes in PACS Group, showcasing interest in the company's future performance.

PACS Group, Inc. (NYSE:PACS - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $31.00.

Separately, Weiss Ratings restated a "sell (d)" rating on shares of PACS Group in a research report on Saturday, September 27th.

Institutional Investors Weigh In On PACS Group

A number of hedge funds and other institutional investors have recently made changes to their positions in PACS. Jones Financial Companies Lllp purchased a new stake in shares of PACS Group during the 1st quarter worth about $64,000. Tower Research Capital LLC TRC raised its stake in shares of PACS Group by 289.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,166 shares of the company's stock worth $80,000 after purchasing an additional 4,581 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its stake in shares of PACS Group by 27.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 10,357 shares of the company's stock worth $134,000 after purchasing an additional 2,199 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of PACS Group by 2,363.1% during the 1st quarter. GAMMA Investing LLC now owns 12,488 shares of the company's stock worth $140,000 after purchasing an additional 11,981 shares in the last quarter. Finally, State of Wyoming raised its stake in shares of PACS Group by 245.8% during the 1st quarter. State of Wyoming now owns 12,445 shares of the company's stock worth $140,000 after purchasing an additional 8,846 shares in the last quarter.

PACS Group Trading Down 3.0%

NYSE PACS traded down $0.42 during trading on Friday, reaching $13.71. 1,421,825 shares of the company's stock were exchanged, compared to its average volume of 1,736,909. PACS Group has a fifty-two week low of $7.50 and a fifty-two week high of $43.92. The company's fifty day simple moving average is $11.63 and its 200-day simple moving average is $11.15.

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.

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