Squarepoint Ops LLC acquired a new stake in shares of PACS Group, Inc. (NYSE:PACS – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 119,000 shares of the company’s stock, valued at approximately $3,510,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Sandia Investment Management LP acquired a new stake in shares of PACS Group during the 2nd quarter worth about $295,000. Point72 DIFC Ltd bought a new stake in PACS Group during the second quarter worth about $831,000. Marshall Wace LLP acquired a new stake in shares of PACS Group during the second quarter worth approximately $733,000. Davidson Kempner Capital Management LP acquired a new stake in shares of PACS Group during the second quarter worth approximately $4,425,000. Finally, Hood River Capital Management LLC acquired a new position in shares of PACS Group in the 2nd quarter worth approximately $4,862,000.
PACS Group Price Performance
Shares of NYSE:PACS opened at $38.88 on Wednesday. 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, Inc. has a 1-year low of $22.61 and a 1-year high of $42.25. The stock’s 50-day moving average price is $37.97.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on PACS shares. Citigroup began coverage on PACS Group in a report on Wednesday, September 11th. They set a “buy” rating and a $45.00 price target for the company. Truist Financial raised their target price on PACS Group from $36.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Stephens increased their price objective on shares of PACS Group from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Macquarie assumed coverage on shares of PACS Group in a research report on Friday, June 28th. They issued an “outperform” rating and a $35.00 price objective for the company. Finally, Oppenheimer upped their target price on shares of PACS Group from $32.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $37.57.
Read Our Latest Report on PACS Group
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.
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