Janus Henderson Group PLC Makes New $535,000 Investment in PACS Group, Inc. (NYSE:PACS)

Janus Henderson Group PLC acquired a new position in shares of PACS Group, Inc. (NYSE:PACS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,400 shares of the company’s stock, valued at approximately $535,000.

Several other hedge funds also recently made changes to their positions in PACS. Bank of New York Mellon Corp acquired a new stake in shares of PACS Group in the 2nd quarter valued at about $2,445,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of PACS Group in the second quarter valued at approximately $7,513,000. Rhumbline Advisers purchased a new position in shares of PACS Group during the second quarter worth approximately $870,000. Oppenheimer Asset Management Inc. acquired a new position in shares of PACS Group in the 2nd quarter valued at $552,000. Finally, Renaissance Technologies LLC purchased a new stake in PACS Group in the 2nd quarter valued at $1,195,000.

Analyst Ratings Changes

Several research analysts have issued reports on PACS shares. Citigroup assumed coverage on shares of PACS Group in a research report on Wednesday, September 11th. They set a “buy” rating and a $45.00 price objective on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and set a $40.00 price target on shares of PACS Group in a report on Wednesday, November 6th. Truist Financial upped their price objective on PACS Group from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. UBS Group started coverage on PACS Group in a research note on Wednesday, October 9th. They issued a “buy” rating and a $50.00 target price on the stock. Finally, Stephens dropped their target price on PACS Group from $48.00 to $31.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $39.88.

PACS Group Price Performance

PACS opened at $15.41 on Friday. The business has a 50 day simple moving average of $27.15 and a 200-day simple moving average of $32.11. PACS Group, Inc. has a 12 month low of $14.43 and a 12 month high of $43.92. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.71 and a quick ratio of 1.71.

PACS Group Company Profile

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.