PACS Group Sees Unusually Large Options Volume (NYSE:PACS)

PACS Group, Inc. (NYSE:PACS) saw unusually large options trading on Thursday. Stock traders bought 18,485 put options on the stock. This represents an increase of approximately 2,095% compared to the average daily volume of 842 put options.

Analysts Set New Price Targets

A number of analysts recently issued reports on PACS shares. Truist Financial lowered their price target on PACS Group from $46.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $18.00 price target on shares of PACS Group in a report on Tuesday, December 17th. Finally, Macquarie reduced their target price on PACS Group from $42.00 to $24.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, PACS Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Hedge Funds Weigh In On PACS Group

Hedge funds have recently bought and sold shares of the business. Cohen & Steers Inc. increased its stake in PACS Group by 1.5% during the 4th quarter. Cohen & Steers Inc. now owns 9,721,887 shares of the company’s stock worth $127,437,000 after buying an additional 139,767 shares in the last quarter. Wellington Management Group LLP lifted its stake in PACS Group by 16.3% during the fourth quarter. Wellington Management Group LLP now owns 6,254,909 shares of the company’s stock worth $82,002,000 after purchasing an additional 878,358 shares in the last quarter. Vanguard Group Inc. boosted its holdings in PACS Group by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 3,929,545 shares of the company’s stock valued at $51,516,000 after acquiring an additional 237,069 shares during the period. Zimmer Partners LP raised its stake in shares of PACS Group by 191.2% in the third quarter. Zimmer Partners LP now owns 2,329,529 shares of the company’s stock valued at $93,111,000 after acquiring an additional 1,529,529 shares in the last quarter. Finally, FMR LLC grew its holdings in PACS Group by 174.4% during the 3rd quarter. FMR LLC now owns 1,641,651 shares of the company’s stock worth $65,617,000 after acquiring an additional 1,043,399 shares in the last quarter.

PACS Group Price Performance

PACS opened at $10.91 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.82. PACS Group has a 1 year low of $10.66 and a 1 year high of $43.92. The firm has a fifty day moving average price of $13.13 and a 200 day moving average price of $21.56.

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.