Wellington Management Group LLP Reduces Stake in PACS Group, Inc. $PACS

Wellington Management Group LLP reduced its position in PACS Group, Inc. (NYSE:PACS) by 3.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,042,081 shares of the company’s stock after selling 212,828 shares during the period. Wellington Management Group LLP owned about 3.96% of PACS Group worth $67,913,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Versor Investments LP purchased a new position in PACS Group in the 1st quarter valued at approximately $145,000. Russell Investments Group Ltd. increased its stake in PACS Group by 17.4% in the 1st quarter. Russell Investments Group Ltd. now owns 365,985 shares of the company’s stock valued at $4,114,000 after purchasing an additional 54,114 shares in the last quarter. Nuveen LLC purchased a new position in PACS Group in the 1st quarter valued at approximately $1,918,000. Mackenzie Financial Corp increased its stake in PACS Group by 8.4% in the 1st quarter. Mackenzie Financial Corp now owns 34,153 shares of the company’s stock valued at $384,000 after purchasing an additional 2,656 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in PACS Group by 19.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,078 shares of the company’s stock valued at $282,000 after purchasing an additional 4,100 shares in the last quarter.

PACS Group Stock Up 2.4%

NYSE PACS opened at $12.0150 on Friday. PACS Group, Inc. has a 1-year low of $8.28 and a 1-year high of $43.92. The business has a 50 day moving average price of $12.07 and a 200 day moving average price of $11.44.

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.