Nuveen Asset Management LLC Sells 239,829 Shares of PACS Group, Inc. (NYSE:PACS)

Nuveen Asset Management LLC lessened its holdings in shares of PACS Group, Inc. (NYSE:PACS) by 70.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,237 shares of the company’s stock after selling 239,829 shares during the quarter. Nuveen Asset Management LLC owned about 0.07% of PACS Group worth $1,327,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. bought a new stake in PACS Group in the 4th quarter worth approximately $2,123,000. Janus Henderson Group PLC raised its holdings in shares of PACS Group by 4,211.6% during the 4th quarter. Janus Henderson Group PLC now owns 577,761 shares of the company’s stock worth $7,574,000 after acquiring an additional 564,361 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of PACS Group by 53.2% during the 4th quarter. Deutsche Bank AG now owns 33,053 shares of the company’s stock worth $433,000 after acquiring an additional 11,475 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in shares of PACS Group during the 4th quarter worth approximately $702,000. Finally, Concentric Capital Strategies LP raised its holdings in shares of PACS Group by 79.3% during the 4th quarter. Concentric Capital Strategies LP now owns 178,083 shares of the company’s stock worth $2,335,000 after acquiring an additional 78,751 shares in the last quarter.

PACS Group Stock Up 3.8%

Shares of PACS opened at $10.18 on Wednesday. PACS Group, Inc. has a 1 year low of $8.28 and a 1 year high of $43.92. The business’s 50 day simple moving average is $9.91 and its 200-day simple moving average is $12.45. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82.

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.