Man Group plc acquired a new position in shares of PACS Group, Inc. (NYSE:PACS – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 744,470 shares of the company’s stock, valued at approximately $9,760,000. Man Group plc owned approximately 0.49% of PACS Group at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in PACS. Barclays PLC raised 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. Assenagon Asset Management S.A. bought a new position in shares of PACS Group during the fourth quarter valued at $772,000. SG Americas Securities LLC raised its stake in shares of PACS Group by 40.3% during the fourth quarter. SG Americas Securities LLC now owns 19,249 shares of the company’s stock valued at $252,000 after acquiring an additional 5,528 shares during the last quarter. Crewe Advisors LLC raised its stake in shares of PACS Group by 66,972.9% during the fourth quarter. Crewe Advisors LLC now owns 1,112,068 shares of the company’s stock valued at $14,579,000 after acquiring an additional 1,110,410 shares during the last quarter. Finally, Bleakley Financial Group LLC bought a new position in shares of PACS Group during the fourth quarter valued at $179,000.
PACS Group Stock Performance
PACS stock opened at $10.75 on Monday. The company has a fifty day moving average price of $10.32 and a 200-day moving average price of $13.73. PACS Group, Inc. has a 52-week low of $8.28 and a 52-week high of $43.92. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82.
About PACS Group
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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