Militia Capital Partners LP Buys New Holdings in PACS Group, Inc. $PACS

Militia Capital Partners LP acquired a new position in PACS Group, Inc. (NYSE:PACS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,100 shares of the company’s stock, valued at approximately $541,000.

A number of other large investors have also added to or reduced their stakes in PACS. Alyeska Investment Group L.P. increased its stake in PACS Group by 159.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,250,007 shares of the company’s stock worth $86,378,000 after acquiring an additional 1,382,984 shares during the last quarter. Crewe Advisors LLC increased its stake in PACS Group by 93.1% in the 4th quarter. Crewe Advisors LLC now owns 2,147,815 shares of the company’s stock worth $82,455,000 after acquiring an additional 1,035,747 shares during the last quarter. Royce & Associates LP increased its stake in PACS Group by 76.6% in the 3rd quarter. Royce & Associates LP now owns 1,859,070 shares of the company’s stock worth $25,525,000 after acquiring an additional 806,446 shares during the last quarter. Marshall Wace LLP increased its stake in PACS Group by 348.6% in the 3rd quarter. Marshall Wace LLP now owns 1,010,906 shares of the company’s stock worth $13,880,000 after acquiring an additional 785,537 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in PACS Group by 120.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,129,612 shares of the company’s stock worth $14,595,000 after acquiring an additional 617,124 shares during the last quarter.

Insider Activity at PACS Group

In other news, insider John Todd Mitchell sold 52,763 shares of PACS Group stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $38.02, for a total value of $2,006,049.26. Following the completion of the transaction, the insider owned 830,955 shares in the company, valued at approximately $31,592,909.10. The trade was a 5.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 70.10% of the company’s stock.

PACS Group Price Performance

Shares of PACS Group stock opened at $35.81 on Wednesday. The stock has a market cap of $5.67 billion and a price-to-earnings ratio of 22.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50 day moving average price of $35.74 and a 200-day moving average price of $35.93. PACS Group, Inc. has a one year low of $7.50 and a one year high of $43.08.

PACS Group (NYSE:PACS) last announced its earnings results on Monday, May 11th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.36 billion. PACS Group had a return on equity of 26.47% and a net margin of 4.49%. Equities analysts expect that PACS Group, Inc. will post 2.19 EPS for the current year.

Analysts Set New Price Targets

PACS has been the topic of a number of research reports. Zacks Research downgraded PACS Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. UBS Group lifted their price objective on PACS Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Royal Bank Of Canada lifted their price objective on PACS Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Oppenheimer lifted their price objective on PACS Group from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded PACS Group from a “buy” rating to a “strong-buy” rating in a report on Monday. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, PACS Group has an average rating of “Moderate Buy” and a consensus target price of $48.00.

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.