PDT Partners LLC bought a new stake in PACS Group, Inc. (NYSE:PACS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 125,729 shares of the company's stock, valued at approximately $1,648,000. PDT Partners LLC owned 0.08% of PACS Group as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also modified their holdings of the business. KLP Kapitalforvaltning AS bought a new stake in PACS Group in the 4th quarter valued at about $126,000. Savant Capital LLC acquired a new stake in shares of PACS Group in the fourth quarter valued at approximately $142,000. XTX Topco Ltd bought a new stake in shares of PACS Group in the fourth quarter valued at approximately $161,000. ExodusPoint Capital Management LP acquired a new stake in PACS Group during the fourth quarter worth approximately $174,000. Finally, Arizona State Retirement System increased its stake in PACS Group by 53.9% during the 4th quarter. Arizona State Retirement System now owns 13,510 shares of the company's stock worth $177,000 after acquiring an additional 4,734 shares during the period.
PACS Group Trading Up 3.8 %
Shares of NYSE PACS traded up $0.37 during midday trading on Friday, reaching $10.09. 312,057 shares of the company were exchanged, compared to its average volume of 783,816. PACS Group, Inc. has a one year low of $8.28 and a one year high of $43.92. 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 $10.79 and its 200-day moving average price is $16.07.
Analyst Ratings Changes
A number of analysts have recently weighed in on PACS shares. Macquarie cut their target price on PACS Group from $42.00 to $24.00 and set an "outperform" rating for the company in a research report on Monday, January 6th. Truist Financial cut their price objective on shares of PACS Group from $46.00 to $32.00 and set a "buy" rating for the company in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, PACS Group has an average rating of "Moderate Buy" and a consensus price target of $34.00.
Read Our Latest Research Report on PACS
PACS Group Company Profile
(
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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