PACS Group (NYSE:PACS) Shares Up 12.7% - What's Next?

PACS Group, Inc. (NYSE:PACS - Get Free Report) shares were up 12.7% during trading on Tuesday . The company traded as high as $10.95 and last traded at $11.43. Approximately 79,839 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 794,003 shares. The stock had previously closed at $10.14.

PACS Group Trading Down 0.4%

The business has a 50-day moving average of $10.16 and a two-hundred day moving average of $12.02.

Institutional Investors Weigh In On PACS Group

Several hedge funds have recently added to or reduced their stakes in PACS. Rhumbline Advisers lifted its holdings in PACS Group by 3.6% during the 1st quarter. Rhumbline Advisers now owns 52,380 shares of the company's stock worth $589,000 after buying an additional 1,840 shares during the period. Caxton Associates LLP acquired a new stake in PACS Group during the 1st quarter valued at approximately $163,000. Jones Financial Companies Lllp bought a new position in PACS Group during the 1st quarter worth approximately $64,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of PACS Group in the 1st quarter valued at $469,000. Finally, Millennium Management LLC boosted its stake in shares of PACS Group by 68.3% in the 1st quarter. Millennium Management LLC now owns 859,295 shares of the company's stock valued at $9,658,000 after purchasing an additional 348,743 shares during the last quarter.

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.