PACS Group, Inc. (NYSE:PACS) Given Consensus Rating of “Moderate Buy” by Analysts

PACS Group, Inc. (NYSE:PACS) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $34.00.

A number of brokerages recently issued reports on PACS. Macquarie decreased their price objective on shares of PACS Group from $42.00 to $24.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Truist Financial decreased their price target on shares of PACS Group from $46.00 to $32.00 and set a “buy” rating for the company in a report on Monday, January 6th. Stephens lowered their price objective on shares of PACS Group from $48.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $18.00 target price on shares of PACS Group in a report on Tuesday, December 17th.

Hedge Funds Weigh In On PACS Group

A number of large investors have recently added to or reduced their stakes in PACS. Wellington Management Group LLP grew its stake in shares of PACS Group by 60.5% during the 3rd quarter. Wellington Management Group LLP now owns 5,376,551 shares of the company’s stock worth $214,901,000 after acquiring an additional 2,025,835 shares in the last quarter. Zimmer Partners LP boosted its holdings in PACS Group by 191.2% during the third quarter. Zimmer Partners LP now owns 2,329,529 shares of the company’s stock worth $93,111,000 after purchasing an additional 1,529,529 shares during the last quarter. Crewe Advisors LLC grew its position in PACS Group by 66,972.9% in the fourth quarter. Crewe Advisors LLC now owns 1,112,068 shares of the company’s stock valued at $14,579,000 after purchasing an additional 1,110,410 shares in the last quarter. FMR LLC increased its stake in PACS Group by 174.4% in the 3rd quarter. FMR LLC now owns 1,641,651 shares of the company’s stock valued at $65,617,000 after buying an additional 1,043,399 shares during the last quarter. Finally, Royce & Associates LP lifted its position in PACS Group by 97.4% during the 4th quarter. Royce & Associates LP now owns 918,423 shares of the company’s stock worth $12,041,000 after buying an additional 453,225 shares in the last quarter.

PACS Group Trading Up 0.5 %

Shares of PACS opened at $14.24 on Wednesday. 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 stock’s 50-day moving average price is $13.93 and its two-hundred day moving average price is $27.25. PACS Group has a 1 year low of $12.54 and a 1 year high of $43.92.

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.