Cwm LLC Boosts Stake in PACS Group, Inc. $PACS

Cwm LLC raised its holdings in PACS Group, Inc. (NYSE:PACS) by 4,373.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,510 shares of the company’s stock after purchasing an additional 13,208 shares during the quarter. Cwm LLC’s holdings in PACS Group were worth $175,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its holdings in PACS Group by 15.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 141,401 shares of the company’s stock valued at $1,827,000 after buying an additional 19,044 shares during the period. Rhumbline Advisers raised its stake in shares of PACS Group by 3.6% in the 1st quarter. Rhumbline Advisers now owns 52,380 shares of the company’s stock valued at $589,000 after acquiring an additional 1,840 shares during the period. Caxton Associates LLP purchased a new stake in shares of PACS Group in the 1st quarter valued at approximately $163,000. Jones Financial Companies Lllp purchased a new stake in shares of PACS Group in the 1st quarter valued at approximately $64,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of PACS Group in the 1st quarter valued at approximately $469,000.

PACS Group Stock Up 0.2%

Shares of PACS opened at $12.44 on Thursday. PACS Group, Inc. has a fifty-two week low of $7.50 and a fifty-two week high of $43.92. The firm’s 50 day moving average price is $12.12 and its 200 day moving average price is $11.44. The company has a market cap of $1.90 billion, a P/E ratio of 40.14 and a beta of 1.09.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of PACS Group in a research report on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.