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PACS Group (NYSE:PACS) Stock Price Up 12.7% - Here's What Happened

PACS Group logo with Medical background

PACS Group, Inc. (NYSE:PACS - Get Free Report) was up 12.7% during mid-day trading on Tuesday . The stock 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 Up 19.9%

The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average of $9.97 and a 200 day moving average of $12.03.

Institutional Investors Weigh In On PACS Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Wyoming bought a new stake in shares of PACS Group in the 4th quarter worth approximately $47,000. Jones Financial Companies Lllp purchased a new position in shares of PACS Group in the first quarter worth $64,000. KLP Kapitalforvaltning AS purchased a new stake in PACS Group during the 4th quarter valued at $126,000. Savant Capital LLC purchased a new position in shares of PACS Group in the fourth quarter worth approximately $142,000. Finally, ProShare Advisors LLC grew its stake in shares of 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 during the period.

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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