Jason Hulse Murray Sells 91,306 Shares of PACS Group (NYSE:PACS) Stock

PACS Group, Inc. (NYSE:PACS) CEO Jason Hulse Murray sold 91,306 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $43.92, for a total transaction of $4,010,159.52. Following the transaction, the chief executive officer owned 54,754,110 shares of the company’s stock, valued at $2,404,800,511.20. This trade represents a 0.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 21st, Jason Hulse Murray sold 59,244 shares of PACS Group stock. The stock was sold at an average price of $43.90, for a total transaction of $2,600,811.60.
• 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 stock was 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 Down 0.7%

Shares of NYSE:PACS opened at $43.96 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. PACS Group, Inc. has a 12 month low of $7.50 and a 12 month high of $49.49. The company has a 50-day moving average price of $43.86 and a 200 day moving average price of $38.65. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 1.25 and a beta of -0.08.

PACS Group (NYSE:PACS) last released 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 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 analyst estimates of $1.41 billion. As a group, equities research analysts predict that PACS Group, Inc. will post 2.36 earnings per share for the current year.

Institutional Trading of PACS Group

Several institutional investors have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its stake 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 valued at $28,000 after buying an additional 235 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of PACS Group during the 4th quarter worth approximately $27,000. Larson Financial Group LLC lifted its stake in shares of PACS Group by 127.0% during the 4th quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock worth $42,000 after acquiring an additional 612 shares during the last quarter. KBC Group NV purchased a new position in PACS Group during the 1st quarter valued at $42,000. Finally, Western Wealth Management LLC purchased a new position in PACS Group during the 1st quarter valued at $48,000.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PACS. Royal Bank Of Canada boosted their target price on PACS Group from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Wall Street Zen downgraded PACS Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings lowered shares of PACS Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Oppenheimer lifted their price objective 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. Finally, Zacks Research upgraded shares of PACS Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $56.00.

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.