PACS Group, Inc. (NYSE:PACS) Shares Bought by Swiss National Bank

Swiss National Bank raised its holdings in shares of PACS Group, Inc. (NYSE:PACS) by 31.8% in the 4th quarter, HoldingsChannel reports. The fund owned 91,600 shares of the company’s stock after buying an additional 22,100 shares during the quarter. Swiss National Bank’s holdings in PACS Group were worth $1,201,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Wellington Management Group LLP lifted its stake in PACS Group by 60.5% during the third quarter. Wellington Management Group LLP now owns 5,376,551 shares of the company’s stock worth $214,901,000 after purchasing an additional 2,025,835 shares during the last quarter. Zimmer Partners LP lifted its position in shares of PACS Group by 191.2% during the 3rd quarter. Zimmer Partners LP now owns 2,329,529 shares of the company’s stock worth $93,111,000 after buying an additional 1,529,529 shares during the last quarter. FMR LLC boosted its holdings in shares of PACS Group by 174.4% in the 3rd 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of PACS Group by 5.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,272,720 shares of the company’s stock valued at $50,871,000 after buying an additional 70,786 shares in the last quarter. Finally, Crewe Advisors LLC grew its position in shares of PACS Group by 66,972.9% in the 4th quarter. Crewe Advisors LLC now owns 1,112,068 shares of the company’s stock valued at $14,579,000 after buying an additional 1,110,410 shares during the last quarter.

PACS Group Trading Down 1.3 %

Shares of PACS opened at $10.91 on Friday. PACS Group, Inc. has a fifty-two week low of $10.66 and a fifty-two week high of $43.92. The firm has a 50-day simple moving average of $13.13 and a 200-day simple moving average of $21.44. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.82.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PACS. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $18.00 price target on shares of PACS Group in a research report on Tuesday, December 17th. Macquarie decreased 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. Finally, Truist Financial dropped their price target on PACS Group from $46.00 to $32.00 and set a “buy” rating on the stock in a research note 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 stock. According to data from MarketBeat, PACS Group has an average rating of “Moderate Buy” and a consensus target price of $34.00.

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.