Savant Capital LLC Makes New Investment in PACS Group, Inc. (NYSE:PACS)

Savant Capital LLC acquired a new position in shares of PACS Group, Inc. (NYSE:PACS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,837 shares of the company’s stock, valued at approximately $142,000.

Several other institutional investors and hedge funds also recently bought and sold shares of PACS. Amalgamated Bank boosted its stake in shares of 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 purchasing an additional 488 shares during the period. Whittier Trust Co. boosted its stake in shares of PACS Group by 152.2% during the third quarter. Whittier Trust Co. now owns 1,382 shares of the company’s stock valued at $55,000 after purchasing an additional 834 shares during the period. Crewe Advisors LLC purchased a new stake in shares of PACS Group during the third quarter valued at $66,000. Bleakley Financial Group LLC purchased a new stake in shares of PACS Group during the fourth quarter valued at $179,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of PACS Group during the third quarter valued at $251,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial lowered 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. Stephens decreased their price objective on PACS Group from $48.00 to $31.00 and set an “overweight” rating for the company in a report on Monday, November 18th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $18.00 price objective on shares of PACS Group in a report on Tuesday, December 17th. Finally, Macquarie decreased their price objective on PACS Group from $42.00 to $24.00 and set an “outperform” rating for the company in a report on Monday, January 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, PACS Group currently has an average rating of “Moderate Buy” and an average price target of $34.00.

PACS Group Price Performance

PACS stock opened at $13.12 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71. The business has a 50-day moving average price of $13.72 and a 200 day moving average price of $26.25. PACS Group, Inc. has a 1-year low of $12.54 and a 1-year high of $43.92.

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.