Balyasny Asset Management L.P. Purchases 1,013,920 Shares of PACS Group, Inc. (NYSE:PACS)

Balyasny Asset Management L.P. raised its position in shares of PACS Group, Inc. (NYSE:PACS) by 1,212.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,097,578 shares of the company’s stock after acquiring an additional 1,013,920 shares during the period. Balyasny Asset Management L.P. owned approximately 0.72% of PACS Group worth $14,389,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in PACS Group by 6.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,350,842 shares of the company’s stock worth $17,710,000 after buying an additional 78,122 shares during the period. Barclays PLC grew its stake in shares of PACS Group by 651.3% in the third quarter. Barclays PLC now owns 63,366 shares of the company’s stock worth $2,532,000 after acquiring an additional 54,932 shares during the last quarter. Teacher Retirement System of Texas increased its position in PACS Group by 526.1% during the fourth quarter. Teacher Retirement System of Texas now owns 56,210 shares of the company’s stock worth $737,000 after acquiring an additional 47,232 shares during the period. Assenagon Asset Management S.A. acquired a new position in PACS Group during the 4th quarter valued at $772,000. Finally, Peterson Wealth Services bought a new stake in PACS Group in the 4th quarter valued at $488,000.

PACS Group Price Performance

PACS stock opened at $10.58 on Friday. PACS Group, Inc. has a twelve month low of $8.28 and a twelve 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. The business’s 50-day simple moving average is $10.57 and its 200 day simple moving average is $15.21.

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.