Jane Street Group LLC Increases Position in PACS Group, Inc. (NYSE:PACS)

Jane Street Group LLC raised its position in shares of PACS Group, Inc. (NYSE:PACS) by 63.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,746 shares of the company’s stock after buying an additional 15,003 shares during the period. Jane Street Group LLC’s holdings in PACS Group were worth $1,549,000 as of its most recent filing with the Securities & Exchange Commission.

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

PACS Group Stock Up 0.7 %

Shares of NYSE PACS opened at $13.18 on Friday. The company’s fifty day moving average is $22.97 and its two-hundred day moving average is $31.18. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71. PACS Group, Inc. has a one year low of $12.71 and a one year high of $43.92.

Wall Street Analyst Weigh In

PACS has been the subject of a number of recent research reports. Citigroup started coverage on PACS Group in a report on Wednesday, September 11th. They issued a “buy” rating and a $45.00 target price for the company. Stephens decreased their price objective on PACS Group from $48.00 to $31.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. JPMorgan Chase & Co. restated a “neutral” rating and set a $18.00 target price on shares of PACS Group in a research note on Tuesday, December 17th. Truist Financial lifted their price target on shares of PACS Group from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Finally, UBS Group initiated coverage on shares of PACS Group in a research report on Wednesday, October 9th. They issued a “buy” rating and a $50.00 price objective on the stock. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $37.13.

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.