Jane Street Group LLC Acquires 15,003 Shares of PACS Group, Inc. (NYSE:PACS)

Jane Street Group LLC increased its holdings in PACS Group, Inc. (NYSE:PACS) by 63.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,746 shares of the company’s stock after purchasing an additional 15,003 shares during the period. Jane Street Group LLC’s holdings in PACS Group were worth $1,549,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new stake in shares of PACS Group during the 2nd quarter valued at about $2,445,000. Allspring Global Investments Holdings LLC bought a new stake in PACS Group during the second quarter worth approximately $7,513,000. Rhumbline Advisers purchased a new stake in PACS Group during the second quarter valued at approximately $870,000. Oppenheimer Asset Management Inc. bought a new stake in shares of PACS Group in the 2nd quarter valued at approximately $552,000. Finally, Renaissance Technologies LLC purchased a new position in shares of PACS Group in the 2nd quarter worth approximately $1,195,000.

PACS Group Trading Up 0.7 %

Shares of NYSE PACS opened at $13.18 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.71 and a quick ratio of 1.71. PACS Group, Inc. has a one year low of $12.71 and a one year high of $43.92. The firm has a fifty day moving average of $22.97 and a 200 day moving average of $31.18.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PACS. Stephens decreased 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 note on Monday, November 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $18.00 target price on shares of PACS Group in a research note on Tuesday, December 17th. UBS Group started coverage on shares of PACS Group in a research note on Wednesday, October 9th. They set a “buy” rating and a $50.00 target price for the company. Citigroup initiated coverage on shares of PACS Group in a research note on Wednesday, September 11th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, 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 report on Monday, October 14th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.13.

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.