Crewe Advisors LLC Has $14.58 Million Stake in PACS Group, Inc. (NYSE:PACS)

Crewe Advisors LLC grew its stake in shares of PACS Group, Inc. (NYSE:PACS) by 66,972.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,112,068 shares of the company’s stock after buying an additional 1,110,410 shares during the period. PACS Group makes up 2.0% of Crewe Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Crewe Advisors LLC owned about 0.73% of PACS Group worth $14,579,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Amalgamated Bank increased its position in shares of PACS Group by 56.7% during the 3rd quarter. Amalgamated Bank now owns 1,349 shares of the company’s stock worth $54,000 after purchasing an additional 488 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of PACS Group by 152.2% in 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 grew 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 worth $267,000 after acquiring an additional 2,404 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in PACS Group by 45.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,882 shares of the company’s stock valued at $595,000 after purchasing an additional 4,660 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in PACS Group by 40.3% in the 4th quarter. SG Americas Securities LLC now owns 19,249 shares of the company’s stock valued at $252,000 after purchasing an additional 5,528 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. UBS Group started coverage on PACS Group in a research note on Wednesday, October 9th. They issued a “buy” rating and a $50.00 target price for the company. Macquarie decreased their price target on PACS Group from $42.00 to $24.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Stephens reduced their target price on shares of PACS Group from $48.00 to $31.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Truist Financial dropped their price target 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. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.00 price objective on shares of PACS Group in a research note on Tuesday, December 17th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, PACS Group presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

PACS Group Stock Up 1.5 %

Shares of PACS Group stock opened at $14.54 on Thursday. PACS Group, Inc. has a 1 year low of $12.54 and a 1 year high of $43.92. 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 of $14.09 and a two-hundred day moving average of $27.80.

About PACS Group

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.