PACS Group, Inc. (NYSE:PACS) Shares Purchased by Northern Trust Corp

Northern Trust Corp raised its stake in PACS Group, Inc. (NYSE:PACS) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 332,908 shares of the company’s stock after purchasing an additional 11,430 shares during the period. Northern Trust Corp owned 0.22% of PACS Group worth $4,364,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cohen & Steers Inc. boosted its holdings in shares of PACS Group by 1.5% in the 4th quarter. Cohen & Steers Inc. now owns 9,721,887 shares of the company’s stock valued at $127,437,000 after buying an additional 139,767 shares in the last quarter. Wellington Management Group LLP boosted its stake in PACS Group by 16.3% in the fourth quarter. Wellington Management Group LLP now owns 6,254,909 shares of the company’s stock valued at $82,002,000 after acquiring an additional 878,358 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of PACS Group by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 3,929,545 shares of the company’s stock worth $51,516,000 after purchasing an additional 237,069 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of PACS Group by 6.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,350,842 shares of the company’s stock worth $17,710,000 after purchasing an additional 78,122 shares in the last quarter. Finally, Crewe Advisors LLC increased its position 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 worth $14,579,000 after purchasing an additional 1,110,410 shares in the last quarter.

PACS Group Price Performance

PACS Group stock opened at $9.91 on Thursday. 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, Inc. has a fifty-two week low of $8.28 and a fifty-two week high of $43.92. The stock has a 50-day simple moving average of $10.23 and a 200-day simple moving average of $13.26.

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.