PACS Group, Inc. (NYSE:PACS) Receives $34.00 Consensus PT from Analysts

PACS Group, Inc. (NYSE:PACS) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $34.00.

A number of analysts recently commented on the stock. Truist Financial decreased their price objective on shares of PACS Group from $46.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Macquarie lowered their price target on PACS Group from $42.00 to $24.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $18.00 price objective on shares of PACS Group in a report on Tuesday, December 17th.

PACS Group Stock Down 1.3 %

Shares of NYSE PACS opened at $10.91 on Thursday. 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 has a one year low of $10.66 and a one year high of $43.92. The company’s fifty day moving average is $13.13 and its two-hundred day moving average is $21.44.

Hedge Funds Weigh In On PACS Group

Several hedge funds have recently bought and sold shares of the stock. Barclays PLC boosted its stake in shares of PACS Group by 651.3% during the third quarter. Barclays PLC now owns 63,366 shares of the company’s stock valued at $2,532,000 after acquiring an additional 54,932 shares during the last quarter. Concentric Capital Strategies LP purchased a new position in PACS Group in the 3rd quarter valued at about $3,970,000. Maven Securities LTD acquired a new stake in shares of PACS Group during the 3rd quarter worth about $3,997,000. Wellington Management Group LLP grew its holdings in shares of 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 buying an additional 2,025,835 shares in the last quarter. Finally, Soros Fund Management LLC raised its position in shares of PACS Group by 233.3% in the third quarter. Soros Fund Management LLC now owns 500,000 shares of the company’s stock valued at $19,985,000 after buying an additional 350,000 shares during the last quarter.

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.