ExodusPoint Capital Management LP Purchases Shares of 13,266 PACS Group, Inc. (NYSE:PACS)

ExodusPoint Capital Management LP acquired a new position in shares of PACS Group, Inc. (NYSE:PACS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,266 shares of the company’s stock, valued at approximately $174,000.

Several other hedge funds also recently modified their holdings of PACS. Rhumbline Advisers boosted its position in PACS Group by 2.5% during the fourth quarter. Rhumbline Advisers now owns 50,540 shares of the company’s stock valued at $663,000 after purchasing an additional 1,217 shares during the last quarter. Arizona State Retirement System boosted 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 valued at $177,000 after buying an additional 4,734 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of PACS Group by 40.3% in the fourth quarter. SG Americas Securities LLC now owns 19,249 shares of the company’s stock valued at $252,000 after buying an additional 5,528 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in PACS Group during the fourth quarter worth $126,000. Finally, Savant Capital LLC bought a new stake in PACS Group during the fourth quarter worth $142,000.

Wall Street Analyst Weigh In

PACS has been the topic of a number of research analyst reports. Macquarie dropped their target price on shares of PACS Group from $42.00 to $24.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $18.00 target price on shares of PACS Group in a research note on Tuesday, December 17th. 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 investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, PACS Group presently has an average rating of “Moderate Buy” and an average target price of $34.00.

PACS Group Trading Up 1.9 %

NYSE PACS opened at $9.33 on Tuesday. The firm has a 50-day moving average price of $11.99 and a two-hundred day moving average price of $18.67. PACS Group, Inc. has a 12-month low of $8.87 and a 12-month high of $43.92. 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 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.