Royal Bank of Canada started coverage on shares of PACS Group (NYSE:PACS – Free Report) in a research report released on Monday, MarketBeat reports. The firm issued an outperform rating and a $30.00 target price on the stock.
PACS Group Price Performance
Shares of NYSE PACS opened at $24.67 on Monday. PACS Group has a fifty-two week low of $22.61 and a fifty-two week high of $25.72.
Insider Activity at PACS Group
In related news, CEO Jason Hulse Murray sold 1,607,142 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $21.00, for a total transaction of $33,749,982.00. Following the sale, the chief executive officer now directly owns 62,754,551 shares of the company’s stock, valued at approximately $1,317,845,571. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
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.
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