PACS Group, Inc. (NYSE:PACS - Get Free Report)'s share price was down 4.9% during trading on Friday . The company traded as low as $8.98 and last traded at $9.13. Approximately 191,132 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 599,893 shares. The stock had previously closed at $9.60.
PACS Group Stock Up 4.9%
The business's fifty day simple moving average is $11.39 and its 200 day simple moving average is $11.09.
Hedge Funds Weigh In On PACS Group
A number of hedge funds have recently added to or reduced their stakes in the business. State of Wyoming boosted its holdings in shares of PACS Group by 33.0% during the second quarter. State of Wyoming now owns 16,548 shares of the company's stock valued at $214,000 after acquiring an additional 4,103 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of PACS Group by 289.0% during the second quarter. Tower Research Capital LLC TRC now owns 6,166 shares of the company's stock valued at $80,000 after acquiring an additional 4,581 shares during the period. Corient Private Wealth LLC acquired a new position in shares of PACS Group during the second quarter valued at $533,000. Brevan Howard Capital Management LP acquired a new position in shares of PACS Group during the second quarter valued at $177,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of PACS Group by 120.4% during the second quarter. Ameriprise Financial Inc. now owns 1,129,612 shares of the company's stock valued at $14,595,000 after acquiring an additional 617,124 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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