PACS Group (NYSE:PACS) Stock: Insider Jason Hulse Murray Sells 26,504 Shares

PACS Group, Inc. (NYSE:PACS – Get Free Report) CEO Jason Murray sold 26,504 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $46.50, for a total transaction of $1,232,436.00. Following the transaction, the chief executive officer directly owned 54,121,535 shares in the company, valued at approximately $2,516,651,377.50. The trade was a 0.05% decrease in their position. The sale was disclosed in a filing with the SEC, 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 Wednesday, November 4th, Jason Murray sold 167,434 shares of PACS Group stock. The stock was sold at an average price of $50.24, for a total transaction of $8,411,884.16.
  • On Monday, November 2nd, Jason Murray sold 31,358 shares of PACS Group stock. The stock was sold at an average price of $46.02, for a total transaction of $1,443,095.16.
  • On Thursday, October 29th, Jason Murray sold 1,904 shares of PACS Group stock. The stock was sold at an average price of $50.05, for a total transaction of $95,295.20.
  • On Wednesday, October 28th, Jason Murray sold 6,899 shares of PACS Group stock. The shares were sold at an average price of $50.10, for a total transaction of $345,639.90.
  • On Friday, October 23rd, Jason Murray sold 68,917 shares of PACS Group stock. The shares were sold at an average price of $48.60, for a total transaction of $3,349,366.20.
  • On Thursday, October 22nd, Jason Murray sold 13,696 shares of PACS Group stock. The stock was sold at an average price of $47.55, for a total transaction of $651,244.80.
  • On Wednesday, October 21st, Jason Murray sold 6,610 shares of PACS Group stock. The stock was sold at an average price of $47.62, for a total transaction of $314,768.20.
  • On Tuesday, October 20th, Jason Murray sold 37,477 shares of PACS Group stock. The shares were sold at an average price of $47.65, for a total value of $1,785,779.05.
  • On Monday, October 19th, Jason Murray sold 1,620 shares of PACS Group stock. The stock was sold at an average price of $47.57, for a total value of $77,063.40.
  • On Friday, October 16th, Jason Murray sold 8,462 shares of PACS Group stock. The stock was sold at an average price of $47.61, for a total value of $402,875.82.

PACS Group Stock Up 8.5%

Shares of NYSE PACS traded up $3.95 during mid-day trading on Wednesday, reaching $50.63. 1,790,293 shares of the company traded hands, compared to its average volume of 895,995. The company’s fifty day moving average is $44.29 and its two-hundred day moving average is $39.85. 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 $51.68. The stock has a market cap of $8.01 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 1.42 and a beta of -0.14.

PACS Group (NYSE:PACS – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.05. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. PACS Group had a return on equity of 29.55% and a net margin of 4.85%. On average, analysts expect that PACS Group, Inc. will post 2.13 earnings per share for the current year.

Institutional Trading of PACS Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its holdings in shares of PACS Group by 11.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,327 shares of the company’s stock worth $97,000 after purchasing an additional 230 shares during the period. Financial Management Professionals Inc. lifted its stake in shares of PACS Group by 54.9% in the second quarter. Financial Management Professionals Inc. now owns 663 shares of the company’s stock valued at $28,000 after buying an additional 235 shares during the period. Smith Group Asset Management LLC lifted its stake in shares of PACS Group by 1.3% in the third quarter. Smith Group Asset Management LLC now owns 24,680 shares of the company’s stock valued at $1,025,000 after buying an additional 320 shares during the period. Jacobsen Capital Management grew its position in PACS Group by 3.4% during the third quarter. Jacobsen Capital Management now owns 17,837 shares of the company’s stock worth $741,000 after buying an additional 579 shares in the last quarter. Finally, Toth Financial Advisory Corp grew its position in PACS Group by 87.5% during the third quarter. Toth Financial Advisory Corp now owns 1,500 shares of the company’s stock worth $62,000 after buying an additional 700 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PACS shares. JPMorgan Chase & Co. raised their target price on shares of PACS Group from $47.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Zacks Research cut shares of PACS Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 9th. Wall Street Zen downgraded PACS Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Royal Bank Of Canada lifted their price objective on PACS Group from $52.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings raised PACS Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $58.80.

Read Our Latest Stock Analysis on PACS Group

Key Headlines Impacting PACS Group

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About PACS Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for PACS Group (NYSE:PACS)

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