Crewe Advisors LLC Makes New $66,000 Investment in PACS Group, Inc. (NYSE:PACS)

Crewe Advisors LLC purchased a new position in shares of PACS Group, Inc. (NYSE:PACS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,658 shares of the company’s stock, valued at approximately $66,000.

Several other hedge funds also recently modified their holdings of the company. Lisanti Capital Growth LLC purchased a new position in shares of PACS Group during the 3rd quarter worth about $4,259,000. GSA Capital Partners LLP purchased a new position in PACS Group in the third quarter valued at approximately $1,229,000. Davidson Kempner Capital Management LP purchased a new position in PACS Group in the second quarter valued at approximately $4,425,000. Bank of New York Mellon Corp purchased a new position in PACS Group in the second quarter valued at approximately $2,445,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in PACS Group in the second quarter valued at approximately $7,513,000.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. UBS Group assumed coverage on shares of PACS Group in a report on Wednesday, October 9th. They issued a “buy” rating and a $50.00 price target on the stock. Truist Financial lifted 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. Stephens dropped their price objective 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. Citigroup assumed coverage on shares of PACS Group in a research note on Wednesday, September 11th. They set a “buy” rating and a $45.00 price objective on the stock. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $40.00 price objective on shares of PACS Group in a research note on Wednesday, November 6th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $39.88.

PACS Group Trading Down 0.3 %

PACS stock opened at $16.50 on Monday. PACS Group, Inc. has a twelve month low of $16.11 and a twelve month high of $43.92. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.71 and a quick ratio of 1.71. The firm has a 50 day simple moving average of $34.45 and a 200-day simple moving average of $33.36.

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.