PACS Group Sees Unusually High Options Volume (NYSE:PACS)

PACS Group, Inc. (NYSE:PACS) was the target of unusually large options trading activity on Monday. Stock investors acquired 3,976 call options on the company. This represents an increase of 298% compared to the typical daily volume of 1,000 call options.

Insiders Place Their Bets

In other PACS Group news, Director Mark Hancock sold 155,682 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $42.47, for a total transaction of $6,611,814.54. Following the sale, the director directly owned 53,518,884 shares of the company’s stock, valued at approximately $2,272,947,003.48. This represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jason Murray sold 10,529 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $45.23, for a total transaction of $476,226.67. Following the completion of the sale, the chief executive officer owned 54,555,566 shares of the company’s stock, valued at approximately $2,467,548,250.18. This represents a 0.02% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,107,655 shares of company stock valued at $48,779,328. 70.10% of the stock is currently owned by corporate insiders.

Institutional Trading of PACS Group

Institutional investors have recently bought and sold shares of the business. Financial Management Professionals Inc. increased its holdings in shares of PACS Group by 54.9% during the second quarter. Financial Management Professionals Inc. now owns 663 shares of the company’s stock worth $28,000 after purchasing an additional 235 shares during the period. KBC Group NV bought a new stake in shares of PACS Group in the first quarter valued at approximately $42,000. Western Wealth Management LLC bought a new stake in shares of PACS Group in the first quarter valued at approximately $48,000. Integrated Wealth Concepts LLC bought a new stake in shares of PACS Group in the second quarter valued at approximately $75,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in PACS Group during the fourth quarter worth approximately $89,000.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PACS. Wall Street Zen cut PACS Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. upped their price objective on 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 PACS Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 9th. Royal Bank Of Canada lifted their target price 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 cut PACS Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $58.80.

PACS Group Stock Performance

PACS stock traded up $1.60 during trading hours on Monday, hitting $42.90. 275,401 shares of the stock were exchanged, compared to its average volume of 895,913. 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 market capitalization of $6.79 billion, a P/E ratio of 24.79, a P/E/G ratio of 1.29 and a beta of -0.13. The company has a 50-day simple moving average of $44.30 and a two-hundred day simple moving average of $39.43. PACS Group has a 12 month low of $10.31 and a 12 month high of $49.49.

PACS Group (NYSE:PACS) last posted its earnings results on Tuesday, August 4th. The company reported $0.63 earnings per share for the quarter, topping 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 company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. On average, analysts forecast that PACS Group will post 2.13 earnings per share for the current fiscal year.

PACS Group Company Profile

PACS Group, Inc is a U.S. healthcare services company that operates skilled nursing and post-acute care facilities. Its facilities provide short-term rehabilitation, long-term skilled nursing, nursing care, and related clinical services for patients recovering from illness, injury, surgery, or hospitalization.

The company’s broader care offerings may include assisted living, memory care, behavioral health, and other specialized post-acute services, depending on the facility and market.