PACS Group (NYSE:PACS) Trading Down 3.7% - Here's What Happened

Key Points

• PACS Group, Inc. (NYSE:PACS) saw its stock price decline by 3.7% during mid-day trading, falling to $12.87 from a previous close of $13.36.
• Trading volume was reported at 193,218 shares, a 70% decrease from its average daily volume of 650,485 shares.
• Several institutional investors raised their stakes in PACS Group during the 4th quarter, with Deutsche Bank AG notably increasing its stake by 53.2%.

PACS Group, Inc. (NYSE:PACS - ) was down 3.7% during mid-day trading on Tuesday . The stock traded as low as $12.70 and last traded at $12.87. Approximately 193,218 shares traded hands during trading, a decline of 70% from the average daily volume of 650,485 shares. The stock had previously closed at $13.36.

PACS Group Stock Down 3.4%

The company's fifty day moving average price is $11.33 and its 200 day moving average price is $11.05.

Institutional Trading of PACS Group

Several institutional investors have recently bought and sold shares of PACS. Bank of America Corp DE lifted its stake in PACS Group by 1.4% during the 4th quarter. Bank of America Corp DE now owns 189,886 shares of the company's stock valued at $2,489,000 after acquiring an additional 2,702 shares during the period. Deutsche Bank AG lifted its stake in shares of PACS Group by 53.2% in the 4th quarter. Deutsche Bank AG now owns 33,053 shares of the company's stock worth $433,000 after purchasing an additional 11,475 shares during the period. ProShare Advisors LLC lifted its stake in shares of PACS Group by 45.4% in the 4th quarter. ProShare Advisors LLC now owns 10,855 shares of the company's stock worth $142,000 after purchasing an additional 3,391 shares during the period. State of Wyoming bought a new position in shares of PACS Group in the 4th quarter worth approximately $47,000. Finally, Squarepoint Ops LLC lifted its stake in shares of PACS Group by 2.7% in the 4th quarter. Squarepoint Ops LLC now owns 129,392 shares of the company's stock worth $1,696,000 after purchasing an additional 3,397 shares during the period.

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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