PACS Group (NYSE:PACS) Hits New 1-Year Low – Time to Sell?

PACS Group, Inc. (NYSE:PACS) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $16.11 and last traded at $16.22, with a volume of 1636906 shares changing hands. The stock had previously closed at $16.50.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group assumed coverage on PACS Group in a research report on Wednesday, October 9th. They set a “buy” rating and a $50.00 price objective for the company. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $40.00 price target on shares of PACS Group in a research report on Wednesday, November 6th. Truist Financial boosted their price objective on PACS Group from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Citigroup initiated 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 for the company. Finally, Stephens decreased their target price on PACS Group from $48.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, PACS Group has a consensus rating of “Buy” and a consensus price target of $39.88.

PACS Group Price Performance

The business’s 50 day simple moving average is $32.99 and its 200-day simple moving average is $33.19. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71.

Institutional Trading of PACS Group

A number of institutional investors have recently bought and sold shares of PACS. Amalgamated Bank acquired a new position in PACS Group in the 2nd quarter worth about $25,000. Whittier Trust Co. increased its holdings in PACS Group by 152.2% in the third quarter. Whittier Trust Co. now owns 1,382 shares of the company’s stock worth $55,000 after buying an additional 834 shares during the last quarter. Crewe Advisors LLC acquired a new stake in PACS Group in the third quarter valued at approximately $66,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in PACS Group in the third quarter valued at approximately $251,000. Finally, US Bancorp DE grew its position in PACS Group by 56.2% in the third quarter. US Bancorp DE now owns 6,681 shares of the company’s stock worth $267,000 after acquiring an additional 2,404 shares in the last quarter.

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.