Quantbot Technologies LP Has $176,000 Stock Holdings in PACS Group, Inc. (NYSE:PACS)

Quantbot Technologies LP trimmed its position in PACS Group, Inc. (NYSE:PACS) by 16.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,407 shares of the company’s stock after selling 2,573 shares during the quarter. Quantbot Technologies LP’s holdings in PACS Group were worth $176,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its stake in PACS Group by 526.1% during the 4th quarter. Teacher Retirement System of Texas now owns 56,210 shares of the company’s stock valued at $737,000 after purchasing an additional 47,232 shares in the last quarter. Royce & Associates LP grew its holdings in shares of PACS Group by 97.4% during the fourth quarter. Royce & Associates LP now owns 918,423 shares of the company’s stock valued at $12,041,000 after buying an additional 453,225 shares during the last quarter. Swiss National Bank increased its position in shares of PACS Group by 31.8% during the fourth quarter. Swiss National Bank now owns 91,600 shares of the company’s stock worth $1,201,000 after acquiring an additional 22,100 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of PACS Group by 53.9% in the 4th quarter. Arizona State Retirement System now owns 13,510 shares of the company’s stock worth $177,000 after acquiring an additional 4,734 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in PACS Group in the 4th quarter valued at about $400,000.

PACS Group Price Performance

Shares of PACS Group stock opened at $10.91 on Monday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.82. The business’s fifty day simple moving average is $13.13 and its 200 day simple moving average is $21.32. PACS Group, Inc. has a 12 month low of $10.66 and a 12 month high of $43.92.

Wall Street Analyst Weigh In

PACS has been the subject of a number of recent research reports. Macquarie decreased their price objective on PACS Group from $42.00 to $24.00 and set an “outperform” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $18.00 price target on shares of PACS Group in a report on Tuesday, December 17th. Finally, Truist Financial dropped their price objective 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 research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, PACS Group has a consensus rating of “Moderate Buy” and an average price target of $34.00.

PACS Group 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.