46,811 Shares in PACS Group, Inc. (NYSE:PACS) Purchased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC bought a new position in PACS Group, Inc. (NYSE:PACS) during the third quarter, Holdings Channel reports. The firm bought 46,811 shares of the company’s stock, valued at approximately $1,871,000.

A number of other hedge funds also recently made changes to their positions in PACS. Deerfield Management Company L.P. Series C purchased a new stake in shares of PACS Group in the second quarter worth about $19,584,000. Lighthouse Investment Partners LLC bought a new stake in PACS Group during the second quarter worth approximately $8,946,000. Millennium Management LLC bought a new stake in PACS Group during the second quarter worth approximately $8,905,000. Ghisallo Capital Management LLC bought a new stake in PACS Group during the second quarter worth approximately $8,850,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in PACS Group during the second quarter worth approximately $7,513,000.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PACS shares. Truist Financial boosted their price objective on PACS Group from $36.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. UBS Group started coverage on PACS Group in a research note on Wednesday, October 9th. They set a “buy” rating and a $50.00 price objective on the stock. Stephens boosted their price objective on PACS Group from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Citigroup started coverage on PACS Group in a research note on Wednesday, September 11th. They set a “buy” rating and a $45.00 price objective on the stock. Finally, Oppenheimer upped their target price on PACS Group from $32.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $39.13.

PACS Group Trading Up 1.7 %

PACS Group stock opened at $39.14 on Monday. PACS Group, Inc. has a fifty-two week low of $22.61 and a fifty-two week high of $42.25. 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 of $38.67.

PACS Group (NYSE:PACS) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.42). The company had revenue of $981.80 million for the quarter, compared to analysts’ expectations of $919.22 million. PACS Group’s revenue was up 29.1% compared to the same quarter last year. As a group, equities research analysts anticipate that PACS Group, Inc. will post 1.03 earnings per share for the current fiscal year.

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.