11,531 Shares in PACS Group, Inc. $PACS Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new position in shares of PACS Group, Inc. (NYSE:PACS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 11,531 shares of the company’s stock, valued at approximately $149,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Millennium Management LLC grew its holdings in shares of PACS Group by 68.3% during the first quarter. Millennium Management LLC now owns 859,295 shares of the company’s stock valued at $9,658,000 after buying an additional 348,743 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in PACS Group in the 1st quarter worth about $4,238,000. Russell Investments Group Ltd. grew its stake in shares of PACS Group by 17.4% in the 1st quarter. Russell Investments Group Ltd. now owns 365,985 shares of the company’s stock valued at $4,114,000 after buying an additional 54,114 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of PACS Group by 27.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 205,948 shares of the company’s stock valued at $2,315,000 after purchasing an additional 44,047 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of PACS Group by 1.7% in the 1st quarter. Bank of New York Mellon Corp now owns 172,649 shares of the company’s stock valued at $1,941,000 after purchasing an additional 2,890 shares during the last quarter.

PACS Group Stock Performance

Shares of PACS stock opened at $10.56 on Friday. The stock’s fifty day moving average is $12.22 and its 200-day moving average is $11.66. The stock has a market capitalization of $1.61 billion, a PE ratio of 34.05 and a beta of 1.05. PACS Group, Inc. has a 52 week low of $7.50 and a 52 week high of $18.49.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of PACS Group in a report on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.25.

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.