100,000 Shares in PACS Group, Inc. (NYSE:PACS) Acquired by Maven Securities LTD

Maven Securities LTD purchased a new position in shares of PACS Group, Inc. (NYSE:PACS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $3,997,000. Maven Securities LTD owned approximately 0.07% of PACS Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in PACS Group by 174.4% in the third quarter. FMR LLC now owns 1,641,651 shares of the company’s stock valued at $65,617,000 after buying an additional 1,043,399 shares during the period. Deerfield Management Company L.P. Series C acquired a new position in shares of PACS Group during the second quarter worth approximately $19,584,000. Royce & Associates LP raised its holdings in shares of PACS Group by 2.2% in the 3rd quarter. Royce & Associates LP now owns 465,198 shares of the company’s stock worth $18,594,000 after acquiring an additional 10,002 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in PACS Group by 48.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 378,325 shares of the company’s stock worth $15,122,000 after acquiring an additional 123,654 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in PACS Group by 78.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 327,005 shares of the company’s stock valued at $13,070,000 after buying an additional 143,389 shares during the last quarter.

PACS Group Stock Down 5.3 %

Shares of PACS stock opened at $15.05 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.82. The stock has a fifty day simple moving average of $30.99 and a two-hundred day simple moving average of $32.91. PACS Group, Inc. has a twelve month low of $15.01 and a twelve month high of $43.92.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PACS. Stephens decreased their price objective on PACS Group from $48.00 to $31.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Truist Financial increased their target price on PACS Group from $44.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $40.00 price target on shares of PACS Group in a report on Wednesday, November 6th. Citigroup assumed coverage on shares of PACS Group in a research note on Wednesday, September 11th. They set a “buy” rating and a $45.00 price objective on the stock. Finally, Oppenheimer raised their price objective on shares of PACS Group from $32.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, PACS Group currently has an average rating of “Buy” and a consensus price target of $39.88.

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.