PACS Group (NYSE:PACS) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of PACS Group (NYSE:PACS) from a hold rating to a buy rating in a research report report published on Sunday.

A number of other equities research analysts also recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of PACS Group in a report on Friday, March 27th. Oppenheimer raised their target price on PACS Group from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, March 4th. Royal Bank Of Canada lifted their price target on PACS Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Zacks Research raised PACS Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Finally, UBS Group boosted their price objective on shares of PACS Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $44.40.

PACS Group Price Performance

PACS Group stock opened at $33.59 on Friday. PACS Group has a one year low of $7.50 and a one year high of $43.08. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.07. The business has a fifty day moving average of $34.37 and a two-hundred day moving average of $31.74. The company has a market cap of $5.28 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 1.02 and a beta of -0.03.

Insiders Place Their Bets

In other PACS Group news, COO Joshua Jergensen sold 36,335 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $34.28, for a total transaction of $1,245,563.80. Following the completion of the transaction, the chief operating officer directly owned 2,667,347 shares in the company, valued at approximately $91,436,655.16. This trade represents a 1.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 70.10% of the company’s stock.

Hedge Funds Weigh In On PACS Group

Several hedge funds have recently added to or reduced their stakes in PACS. Hollencrest Capital Management purchased a new position in PACS Group during the 4th quarter valued at about $27,000. Quarry LP increased its holdings in PACS Group by 79.5% during the 3rd quarter. Quarry LP now owns 2,388 shares of the company’s stock valued at $33,000 after acquiring an additional 1,058 shares in the last quarter. Larson Financial Group LLC raised its stake in PACS Group by 127.0% in the 4th quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock valued at $42,000 after purchasing an additional 612 shares during the last quarter. KBC Group NV acquired a new position in PACS Group in the 1st quarter valued at about $42,000. Finally, Strategic Advocates LLC acquired a new position in PACS Group in the 3rd quarter valued at about $60,000.

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.