Aigen Investment Management LP Purchases Shares of 30,534 PACS Group, Inc. (NYSE:PACS)

Aigen Investment Management LP purchased a new stake in shares of PACS Group, Inc. (NYSE:PACS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,534 shares of the company’s stock, valued at approximately $400,000.

A number of other hedge funds also recently bought and sold shares of PACS. Amalgamated Bank boosted its holdings in PACS Group by 56.7% during the third quarter. Amalgamated Bank now owns 1,349 shares of the company’s stock valued at $54,000 after acquiring an additional 488 shares during the period. Crewe Advisors LLC bought a new stake in PACS Group during the third quarter valued at about $66,000. Savant Capital LLC bought a new stake in PACS Group during the fourth quarter valued at about $142,000. Bleakley Financial Group LLC bought a new stake in PACS Group during the fourth quarter valued at about $179,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in PACS Group during the third quarter valued at about $251,000.

PACS Group Trading Down 0.9 %

NYSE:PACS opened at $12.95 on Friday. PACS Group, Inc. has a 12-month low of $12.38 and a 12-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 firm has a 50-day moving average price of $13.58 and a 200 day moving average price of $24.43.

Analysts Set New Price Targets

PACS has been the subject of several research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $18.00 target price on shares of PACS Group in a research note on Tuesday, December 17th. Stephens reduced their target price on shares of PACS Group from $48.00 to $31.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Macquarie reduced their target price on shares of PACS Group from $42.00 to $24.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Finally, Truist Financial reduced their target price on shares of PACS Group from $46.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

PACS Group Company 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.