PACS Group, Inc. $PACS Shares Purchased by Peterson Wealth Services

Peterson Wealth Services grew its position in PACS Group, Inc. (NYSE:PACS) by 4.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,327 shares of the company’s stock after purchasing an additional 2,167 shares during the period. Peterson Wealth Services’ holdings in PACS Group were worth $689,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in PACS Group by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 172,649 shares of the company’s stock valued at $1,941,000 after buying an additional 2,890 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in shares of PACS Group by 138.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 54,584 shares of the company’s stock valued at $614,000 after acquiring an additional 31,728 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of PACS Group in the 1st quarter valued at $4,238,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of PACS Group by 19.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,078 shares of the company’s stock worth $282,000 after acquiring an additional 4,100 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of PACS Group by 8.4% during the first quarter. Mackenzie Financial Corp now owns 34,153 shares of the company’s stock worth $384,000 after purchasing an additional 2,656 shares during the last quarter.

PACS Group Stock Down 0.4%

Shares of NYSE PACS opened at $12.69 on Friday. The firm’s 50 day simple moving average is $12.08 and its 200-day simple moving average is $11.35. PACS Group, Inc. has a 12 month low of $7.50 and a 12 month high of $43.92.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of PACS Group in a report on Saturday, September 27th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.25.

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.