PACS Group, Inc. (NYSE:PACS – Get Free Report) CEO Jason Murray sold 37,477 shares of PACS Group stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $47.65, for a total value of $1,785,779.05. Following the transaction, the chief executive officer owned 54,277,423 shares in the company, valued at approximately $2,586,319,205.95. This represents a 0.07% decrease in their ownership of the stock. The transaction 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, October 21st, Jason Murray sold 6,610 shares of PACS Group stock. The shares were sold at an average price of $47.62, for a total value of $314,768.20.
- 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.
- On Thursday, October 15th, Jason Murray sold 110,035 shares of PACS Group stock. The stock was sold at an average price of $47.27, for a total value of $5,201,354.45.
- On Wednesday, October 14th, Jason Murray sold 232 shares of PACS Group stock. The shares were sold at an average price of $45.00, for a total value of $10,440.00.
- On Wednesday, October 7th, Jason Murray sold 717 shares of PACS Group stock. The shares were sold at an average price of $42.48, for a total value of $30,458.16.
- On Tuesday, October 6th, Jason Murray sold 35,975 shares of PACS Group stock. The shares were sold at an average price of $43.09, for a total value of $1,550,162.75.
- On Monday, October 5th, Jason Murray sold 24,224 shares of PACS Group stock. The stock was sold at an average price of $42.66, for a total value of $1,033,395.84.
- On Friday, October 2nd, Jason Murray sold 26,052 shares of PACS Group stock. The stock was sold at an average price of $42.51, for a total value of $1,107,470.52.
- On Thursday, October 1st, Jason Murray sold 33,032 shares of PACS Group stock. The stock was sold at an average price of $41.13, for a total transaction of $1,358,606.16.
PACS Group Stock Down 2.2%
PACS stock traded down $1.03 during mid-day trading on Wednesday, hitting $46.69. 648,381 shares of the company were exchanged, compared to its average volume of 892,400. 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 1-year low of $10.31 and a 1-year high of $49.49. The firm’s 50 day simple moving average is $43.58 and its 200 day simple moving average is $40.70. The firm has a market cap of $7.39 billion, a P/E ratio of 27.14, a P/E/G ratio of 1.43 and a beta of -0.08.
PACS Group (NYSE:PACS – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.09. PACS Group had a net margin of 4.85% and a return on equity of 29.55%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. On average, sell-side analysts predict that PACS Group, Inc. will post 2.13 EPS for the current fiscal year.
Institutional Trading of PACS Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC boosted its position in PACS Group by 94.7% during the second quarter. Squarepoint Ops LLC now owns 59,523 shares of the company’s stock valued at $2,538,000 after purchasing an additional 28,945 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in PACS Group in the second quarter valued at approximately $1,893,000. Engineers Gate Manager LP acquired a new position in shares of PACS Group during the 2nd quarter worth approximately $1,132,000. Smith Group Asset Management LLC acquired a new position in shares of PACS Group during the 1st quarter worth approximately $771,000. Finally, Principal Financial Group Inc. acquired a new position in shares of PACS Group during the 1st quarter worth approximately $3,171,000.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on PACS. UBS Group upped their target price on shares of PACS Group from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada lifted their price target on PACS Group from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Oppenheimer lifted their price target on PACS Group from $48.00 to $57.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Zacks Research lowered PACS Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 9th. Finally, Wall Street Zen cut PACS Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, PACS Group currently has a consensus rating of “Moderate Buy” and an average target price of $58.80.
Read Our Latest Research Report on PACS
About PACS Group
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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