Nuveen Asset Management LLC Decreases Stock Holdings in PACS Group, Inc. (NYSE:PACS)

Nuveen Asset Management LLC trimmed its position in shares of PACS Group, Inc. (NYSE:PACS) by 70.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,237 shares of the company’s stock after selling 239,829 shares during the period. Nuveen Asset Management LLC’s holdings in PACS Group were worth $1,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of PACS. JPMorgan Chase & Co. raised its holdings in PACS Group by 6.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,350,842 shares of the company’s stock valued at $17,710,000 after buying an additional 78,122 shares during the period. Barclays PLC raised its holdings in PACS Group by 651.3% during the 3rd quarter. Barclays PLC now owns 63,366 shares of the company’s stock valued at $2,532,000 after buying an additional 54,932 shares during the period. Teacher Retirement System of Texas raised its holdings in PACS Group by 526.1% during the 4th quarter. Teacher Retirement System of Texas now owns 56,210 shares of the company’s stock valued at $737,000 after buying an additional 47,232 shares during the period. Swiss National Bank raised its holdings in PACS Group by 31.8% during the 4th quarter. Swiss National Bank now owns 91,600 shares of the company’s stock valued at $1,201,000 after buying an additional 22,100 shares during the period. Finally, Peterson Wealth Services purchased a new stake in PACS Group during the 4th quarter valued at $488,000.

PACS Group Stock Performance

NYSE:PACS opened at $10.18 on Wednesday. The stock’s fifty day moving average is $9.91 and its 200 day moving average is $12.45. PACS Group, Inc. has a fifty-two week low of $8.28 and a fifty-two week high of $43.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71.

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.