B. Metzler seel. Sohn & Co. Holding AG Purchases New Position in PACS Group, Inc. (NYSE:PACS)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in PACS Group, Inc. (NYSE:PACS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,435 shares of the company’s stock, valued at approximately $777,000.

Other institutional investors also recently bought and sold shares of the company. Amalgamated Bank purchased a new position in shares of PACS Group during the second quarter valued at $25,000. Whittier Trust Co. grew its holdings in PACS Group by 152.2% during the 3rd quarter. Whittier Trust Co. now owns 1,382 shares of the company’s stock worth $55,000 after acquiring an additional 834 shares in the last quarter. US Bancorp DE increased its position in PACS Group by 56.2% during the 3rd quarter. US Bancorp DE now owns 6,681 shares of the company’s stock valued at $267,000 after purchasing an additional 2,404 shares during the period. Sandia Investment Management LP bought a new stake in shares of PACS Group in the 2nd quarter valued at about $295,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of PACS Group in the 2nd quarter worth approximately $302,000.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Citigroup started coverage on shares of PACS Group in a report on Wednesday, September 11th. They set a “buy” rating and a $45.00 price objective on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $40.00 price target on shares of PACS Group in a report on Wednesday, November 6th. Stephens reduced their price target on PACS Group from $48.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Oppenheimer raised their price objective on PACS Group from $32.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Finally, Truist Financial boosted their target price on shares of PACS Group from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $39.88.

PACS Group Stock Down 0.3 %

PACS Group stock opened at $16.50 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.82. The stock has a 50-day moving average of $34.45 and a two-hundred day moving average of $33.31. PACS Group, Inc. has a one year low of $16.11 and a one year high of $43.92.

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.