PACS Group (NYSE:PACS) CEO Sells $2,600,811.60 in Stock

PACS Group, Inc. (NYSE:PACS) CEO Jason Hulse Murray sold 59,244 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $43.90, for a total value of $2,600,811.60. Following the transaction, the chief executive officer directly owned 54,694,866 shares in the company, valued at approximately $2,401,104,617.40. The trade was a 0.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, Jason Hulse Murray sold 91,306 shares of PACS Group stock. The stock was sold at an average price of $43.92, for a total transaction of $4,010,159.52.
• On Wednesday, August 19th, Jason Hulse Murray sold 84,717 shares of PACS Group stock. The stock was sold at an average price of $44.26, for a total transaction of $3,749,574.42.
• On Tuesday, August 18th, Jason Hulse Murray sold 66,797 shares of PACS Group stock. The shares were sold at an average price of $44.18, for a total transaction of $2,951,091.46.
• On Monday, August 17th, Jason Hulse Murray sold 84,602 shares of PACS Group stock. The shares were sold at an average price of $44.16, for a total transaction of $3,736,024.32.

PACS Group Stock Up 0.1%

PACS traded up $0.03 during trading hours on Monday, hitting $44.28. 544,951 shares of the company’s stock were exchanged, compared to its average volume of 928,421. The firm has a market cap of $7.01 billion, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 1.25 and a beta of -0.08. PACS Group, Inc. has a 12-month low of $7.50 and a 12-month high of $49.49. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $43.54 and a 200 day moving average of $38.54.

PACS Group (NYSE:PACS) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.54 by $0.09. PACS Group had a net margin of 4.85% and a return on equity of 29.55%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. Analysts predict that PACS Group, Inc. will post 2.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings downgraded PACS Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Royal Bank Of Canada lifted their price objective on PACS Group from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Oppenheimer upped their target price on shares of PACS Group from $48.00 to $57.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Zacks Research raised shares of PACS Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. 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. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, PACS Group has a consensus rating of “Buy” and a consensus target price of $56.00.

Institutional Trading of PACS Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Management Professionals Inc. boosted its position in shares of 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 in the last quarter. Jacobsen Capital Management raised its position in shares of PACS Group by 1.6% during the 1st quarter. Jacobsen Capital Management now owns 18,128 shares of the company’s stock worth $582,000 after acquiring an additional 294 shares in the last quarter. Larson Financial Group LLC lifted its stake in PACS Group by 127.0% during the fourth quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock worth $42,000 after purchasing an additional 612 shares during the last quarter. Hollencrest Capital Management acquired a new position in PACS Group in the fourth quarter valued at approximately $27,000. Finally, Strategic Advocates LLC boosted its holdings in PACS Group by 18.5% in the fourth quarter. Strategic Advocates LLC now owns 5,182 shares of the company’s stock valued at $203,000 after purchasing an additional 808 shares in the last quarter.

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.