PACS Group, Inc. (NYSE:PACS - Get Free Report)'s share price reached a new 52-week low on Monday . The company traded as low as $8.59 and last traded at $8.68, with a volume of 110878 shares traded. The stock had previously closed at $9.26.
Analyst Upgrades and Downgrades
PACS has been the topic of a number of recent research reports. Macquarie dropped their target price on PACS Group from $42.00 to $24.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Truist Financial reduced their target price on shares of PACS Group from $46.00 to $32.00 and set a "buy" rating for the company in a research note on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, PACS Group has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.
Check Out Our Latest Report on PACS
PACS Group Stock Performance
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 stock's 50 day moving average price is $11.13 and its two-hundred day moving average price is $17.10.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in PACS. State of Wyoming acquired a new stake in shares of PACS Group in the 4th quarter worth approximately $47,000. KLP Kapitalforvaltning AS purchased a new position in shares of PACS Group in the fourth quarter valued at $126,000. 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 buying an additional 11,981 shares during the last quarter. Savant Capital LLC purchased a new stake in shares of PACS Group in the 4th quarter worth about $142,000. Finally, ProShare Advisors LLC increased its holdings in PACS Group by 45.4% during the 4th quarter. ProShare Advisors LLC now owns 10,855 shares of the company's stock valued at $142,000 after acquiring an additional 3,391 shares in the last quarter.
PACS Group Company Profile
(
Get Free Report)
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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