GSA Capital Partners LLP Invests $1.23 Million in PACS Group, Inc. (NYSE:PACS)

GSA Capital Partners LLP purchased a new position in PACS Group, Inc. (NYSE:PACS) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 30,742 shares of the company’s stock, valued at approximately $1,229,000.

A number of other institutional investors also recently made changes to their positions in the stock. Deerfield Management Company L.P. Series C acquired a new stake in PACS Group during the second quarter valued at approximately $19,584,000. Lighthouse Investment Partners LLC acquired a new stake in PACS Group during the second quarter valued at approximately $8,946,000. Millennium Management LLC acquired a new stake in PACS Group during the second quarter valued at approximately $8,905,000. Ghisallo Capital Management LLC acquired a new stake in PACS Group during the second quarter valued at approximately $8,850,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in PACS Group during the second quarter valued at approximately $7,513,000.

Analyst Upgrades and Downgrades

Several analysts recently commented on PACS shares. JPMorgan Chase & Co. reissued an “overweight” rating and set a $40.00 target price on shares of PACS Group in a research note on Wednesday, November 6th. Truist Financial increased their target price 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 initiated 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. Stephens upped their price target on shares of PACS Group from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Finally, Citigroup initiated coverage on shares of PACS Group in a research report on Wednesday, September 11th. They issued a “buy” rating and a $45.00 price target for the company. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $41.00.

PACS Group Stock Performance

Shares of NYSE:PACS opened at $18.39 on Friday. 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 firm has a 50 day simple moving average of $37.46 and a 200 day simple moving average of $33.74. PACS Group, Inc. has a 52 week low of $16.74 and a 52 week high of $43.92.

PACS Group (NYSE:PACS) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.42). The business had revenue of $981.80 million for the quarter, compared to analysts’ expectations of $919.22 million. The company’s revenue for the quarter was up 29.1% on a year-over-year basis. Research analysts forecast that PACS Group, Inc. will post 1.01 EPS for the current fiscal year.

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.