11,811 Shares in PACS Group, Inc. (NYSE:PACS) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new stake in PACS Group, Inc. (NYSE:PACS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,811 shares of the company’s stock, valued at approximately $472,000.

Other institutional investors have also modified their holdings of the company. Amalgamated Bank acquired a new position in shares of PACS Group in the 2nd quarter valued at $25,000. Whittier Trust Co. increased its stake in PACS Group by 152.2% in the 3rd quarter. Whittier Trust Co. now owns 1,382 shares of the company’s stock valued at $55,000 after buying an additional 834 shares during the period. Crewe Advisors LLC acquired a new position in PACS Group in the 3rd quarter valued at $66,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in PACS Group in the 3rd quarter valued at $251,000. Finally, US Bancorp DE increased its stake in PACS Group by 56.2% in the 3rd quarter. US Bancorp DE now owns 6,681 shares of the company’s stock valued at $267,000 after buying an additional 2,404 shares during the period.

PACS Group Stock Up 3.8 %

NYSE:PACS opened at $15.41 on Monday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82. PACS Group, Inc. has a fifty-two week low of $14.43 and a fifty-two week high of $43.92. The firm’s fifty day simple moving average is $27.15 and its 200-day simple moving average is $32.11.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $40.00 price objective on shares of PACS Group in a research note on Wednesday, November 6th. Truist Financial boosted their price objective on shares of PACS Group from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. UBS Group assumed coverage on shares of PACS Group in a research note on Wednesday, October 9th. They issued a “buy” rating and a $50.00 price objective on the stock. Citigroup started coverage on shares of PACS Group in a research note on Wednesday, September 11th. They issued a “buy” rating and a $45.00 price objective on the stock. Finally, Stephens lowered their price target 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. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $39.88.

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.