PACS Group (NYSE:PACS) CEO Sells $1,785,779.05 in Stock

PACS Group, Inc. (NYSE:PACS) CEO Jason Murray sold 37,477 shares of the stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $47.65, for a total value of $1,785,779.05. Following the completion of the transaction, the chief executive officer directly owned 54,277,423 shares in the company, valued at $2,586,319,205.95. This trade represents a 0.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Wednesday, October 21st, Jason Murray sold 6,610 shares of PACS Group stock. The shares were sold at an average price of $47.62, for a total value of $314,768.20.
• On Monday, October 19th, Jason Murray sold 1,620 shares of PACS Group stock. The shares were sold at an average price of $47.57, for a total transaction of $77,063.40.
• On Friday, October 16th, Jason Murray sold 8,462 shares of PACS Group stock. The shares were sold at an average price of $47.61, for a total transaction of $402,875.82.
• On Thursday, October 15th, Jason Murray sold 110,035 shares of PACS Group stock. The stock was sold at an average price of $47.27, for a total transaction of $5,201,354.45.
• On Wednesday, October 14th, Jason Murray sold 232 shares of PACS Group stock. The stock was sold at an average price of $45.00, for a total transaction of $10,440.00.
• On Wednesday, October 7th, Jason Murray sold 717 shares of PACS Group stock. The stock was sold at an average price of $42.48, for a total transaction of $30,458.16.
• On Tuesday, October 6th, Jason Murray sold 35,975 shares of PACS Group stock. The stock was 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 stock was 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 shares were 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.

PACS Group Trading Up 0.3%

Shares of PACS opened at $47.64 on Friday. PACS Group, Inc. has a 1-year low of $10.31 and a 1-year high of $49.49. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 1.48 and a beta of -0.08. The firm has a 50 day simple moving average of $43.72 and a 200-day simple moving average of $40.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.91 and a quick ratio of 0.91.

PACS Group (NYSE:PACS) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.09. PACS Group had a return on equity of 29.55% and a net margin of 4.85%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. Equities analysts forecast that PACS Group, Inc. will post 2.13 EPS for the current fiscal year.

Institutional Investors Weigh In On PACS Group

Several large investors have recently modified their holdings of the business. Financial Management Professionals Inc. boosted its position in PACS Group by 54.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 663 shares of the company’s stock worth $28,000 after acquiring an additional 235 shares during the last quarter. GK Wealth Management LLC acquired a new position in PACS Group during the third quarter worth about $41,000. KBC Group NV bought a new stake in shares of PACS Group in the first quarter worth $42,000. USA Financial Formulas acquired a new position in shares of PACS Group in the 3rd quarter valued at about $46,000. Finally, Western Wealth Management LLC bought a new stake in PACS Group during the 1st quarter worth approximately $48,000.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Truist Financial set a $62.00 target price on shares of PACS Group in a research note on Wednesday, September 2nd. Royal Bank Of Canada increased their price target on PACS Group from $52.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Zacks Research lowered shares of PACS Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 9th. Oppenheimer increased their target price on shares of PACS Group from $48.00 to $57.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Finally, UBS Group raised their price objective 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 equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.80.

PACS Group Company Profile

PACS Group, Inc is a U.S.-based healthcare services company that owns and operates post-acute care facilities. Its platform focuses primarily on skilled nursing and transitional care, serving patients who require rehabilitation, recovery support, long-term care, and other services following hospitalization or acute medical treatment.

The company’s operations also include assisted living, independent living, and behavioral health services in select locations. Through its facilities and related healthcare capabilities, PACS Group provides services such as nursing care, physical and occupational therapy, speech therapy, medical treatment, and support for patients with complex or extended care needs.

Founded in 2013 and headquartered in Farmington, Utah, PACS Group serves communities across multiple U.S.