PACS Group (NYSE:PACS) CEO Jason Hulse Murray Sells 717 Shares of Company Stock

PACS Group, Inc. (NYSE:PACS) CEO Jason Murray sold 717 shares of the stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $42.48, for a total transaction of $30,458.16. Following the completion of the sale, the chief executive officer owned 54,435,249 shares of the company’s stock, valued at approximately $2,312,409,377.52. This represents a 0.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jason Hulse Murray also recently made the following trade(s):

• On Tuesday, October 6th, Jason Murray sold 35,975 shares of PACS Group stock. The shares were sold at an average price of $43.09, for a total value of $1,550,162.75.
• On Monday, October 5th, Jason Murray sold 24,224 shares of PACS Group stock. The shares were sold at an average price of $42.66, for a total transaction of $1,033,395.84.
• On Friday, October 2nd, Jason Murray sold 26,052 shares of PACS Group stock. The stock was sold at an average price of $42.51, for a total value of $1,107,470.52.
• On Thursday, October 1st, Jason Murray sold 33,032 shares of PACS Group stock. The shares were sold at an average price of $41.13, for a total transaction of $1,358,606.16.
• On Monday, September 14th, Jason Murray sold 317 shares of PACS Group stock. The shares were sold at an average price of $45.03, for a total transaction of $14,274.51.
• On Friday, September 11th, Jason Murray sold 10,529 shares of PACS Group stock. The stock was sold at an average price of $45.23, for a total transaction of $476,226.67.
• On Thursday, September 10th, Jason Murray sold 8,771 shares of PACS Group stock. The shares were sold at an average price of $45.16, for a total value of $396,098.36.
• On Wednesday, September 9th, Jason Murray sold 4,758 shares of PACS Group stock. The stock was sold at an average price of $43.33, for a total value of $206,164.14.
• On Tuesday, September 8th, Jason Murray sold 24,057 shares of PACS Group stock. The shares were sold at an average price of $43.49, for a total transaction of $1,046,238.93.
• On Friday, September 4th, Jason Murray sold 23,072 shares of PACS Group stock. The stock was sold at an average price of $42.69, for a total transaction of $984,943.68.

PACS Group Stock Up 0.5%

PACS Group stock traded up $0.21 during mid-day trading on Wednesday, reaching $43.02. The stock had a trading volume of 673,130 shares, compared to its average volume of 899,083. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.91. PACS Group, Inc. has a fifty-two week low of $10.31 and a fifty-two week high of $49.49. The firm has a market capitalization of $6.81 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 1.33 and a beta of -0.08. The stock’s 50-day simple moving average is $43.81 and its 200-day simple moving average is $39.81.

PACS Group (NYSE:PACS) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.54 by $0.09. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. PACS Group had a return on equity of 29.55% and a net margin of 4.85%. On average, sell-side analysts forecast that PACS Group, Inc. will post 2.13 EPS for the current fiscal year.

Institutional Trading of PACS Group

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in shares of PACS Group by 370.2% during the first quarter. Dimensional Fund Advisors LP now owns 780,159 shares of the company’s stock valued at $25,051,000 after buying an additional 614,250 shares during the period. 8 Knots Management LLC bought a new stake in PACS Group in the fourth quarter worth $23,421,000. Sei Investments Co. boosted its stake in PACS Group by 7.4% in the 1st quarter. Sei Investments Co. now owns 370,501 shares of the company’s stock worth $11,900,000 after purchasing an additional 25,462 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in PACS Group by 44.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 288,718 shares of the company’s stock valued at $9,274,000 after acquiring an additional 89,067 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in PACS Group in the 2nd quarter worth about $8,196,000.

Analyst Ratings Changes

A number of research firms have recently weighed in on PACS. Truist Financial set a $62.00 target price on shares of PACS Group in a research report on Wednesday, September 2nd. Weiss Ratings cut shares of PACS Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded PACS Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. increased their target price on PACS Group from $47.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Finally, UBS Group lifted their price target on shares of PACS Group from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.80.

About PACS Group

PACS Group, Inc is a healthcare services company that operates skilled nursing and other post-acute care facilities in the United States. Its facilities provide services for patients who require medical care, rehabilitation, recovery support, or assistance with daily activities following hospitalization or other acute health events.

The company’s services generally include skilled nursing, physical and occupational therapy, speech therapy, long-term care, short-term rehabilitation, and other specialized post-acute programs.