Maven Securities LTD Takes Position in PACS Group, Inc. $PACS

Maven Securities LTD bought a new stake in PACS Group, Inc. (NYSE:PACS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,000 shares of the company’s stock, valued at approximately $960,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in PACS Group by 14.4% during the 4th quarter. Vanguard Group Inc. now owns 4,506,227 shares of the company’s stock worth $172,994,000 after acquiring an additional 566,502 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of PACS Group by 159.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,250,007 shares of the company’s stock valued at $86,378,000 after acquiring an additional 1,382,984 shares during the period. Crewe Advisors LLC lifted its position in shares of PACS Group by 93.1% during the 4th quarter. Crewe Advisors LLC now owns 2,147,815 shares of the company’s stock valued at $82,455,000 after acquiring an additional 1,035,747 shares during the period. Royce & Associates LP lifted its position in shares of PACS Group by 76.6% during the 3rd quarter. Royce & Associates LP now owns 1,859,070 shares of the company’s stock valued at $25,525,000 after acquiring an additional 806,446 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in shares of PACS Group by 67.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,356,240 shares of the company’s stock valued at $18,621,000 after acquiring an additional 545,348 shares during the period.

Insider Activity at PACS Group

In other news, insider John Todd Mitchell sold 27,389 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $37.16, for a total transaction of $1,017,775.24. Following the sale, the insider owned 803,566 shares in the company, valued at approximately $29,860,512.56. The trade was a 3.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 70.10% of the company’s stock.

PACS Group Stock Down 0.2%

Shares of NYSE PACS opened at $36.23 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.27. PACS Group, Inc. has a 52 week low of $7.50 and a 52 week high of $43.08. The firm’s fifty day moving average is $35.67 and its 200 day moving average is $35.91. The company has a market cap of $5.73 billion and a price-to-earnings ratio of 23.22.

PACS Group (NYSE:PACS) last released its quarterly earnings results on Monday, May 11th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.08. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.36 billion. PACS Group had a net margin of 4.49% and a return on equity of 26.47%. On average, equities research analysts expect that PACS Group, Inc. will post 2.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PACS shares. Zacks Research downgraded shares of PACS Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Royal Bank Of Canada increased their target price on shares of PACS Group from $47.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Weiss Ratings restated a “hold (c)” rating on shares of PACS Group in a report on Friday, March 27th. Oppenheimer raised their price objective on shares of PACS Group from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of PACS Group from a “buy” rating to a “strong-buy” rating in a report on Monday. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

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.