Jason Hulse Murray Sells 84,602 Shares of PACS Group (NYSE:PACS) Stock

PACS Group, Inc. (NYSE:PACS) CEO Jason Hulse Murray sold 84,602 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $44.16, for a total transaction of $3,736,024.32. Following the completion of the transaction, the chief executive officer directly owned 54,996,930 shares in the company, valued at approximately $2,428,664,428.80. The trade was a 0.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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, 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 value 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 value of $2,951,091.46.

PACS Group Stock Performance

Shares of PACS Group stock opened at $43.80 on Friday. The company has a market cap of $6.93 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 1.25 and a beta of -0.08. PACS Group, Inc. has a 52 week low of $7.50 and a 52 week high of $49.49. The business has a 50 day moving average price of $43.38 and a 200-day moving average price of $38.48. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.21.

PACS Group (NYSE:PACS) last posted its earnings results on Tuesday, August 4th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.09. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. PACS Group had a return on equity of 29.55% and a net margin of 4.85%. Equities analysts anticipate that PACS Group, Inc. will post 2.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on PACS shares. Truist Financial lifted their price objective on shares of PACS Group from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen downgraded shares of PACS Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research raised shares of PACS Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Oppenheimer boosted their price target on shares of PACS Group from $48.00 to $57.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, UBS Group upped their price objective on shares of PACS Group from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $56.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Management Professionals Inc. grew its stake in PACS Group by 54.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 663 shares of the company’s stock valued at $28,000 after purchasing an additional 235 shares during the period. Hollencrest Capital Management purchased a new stake in shares of PACS Group during the 4th quarter valued at $27,000. Larson Financial Group LLC raised 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 purchasing an additional 612 shares during the period. KBC Group NV bought a new stake in shares of PACS Group during the 1st quarter worth $42,000. Finally, Western Wealth Management LLC purchased a new position in shares of PACS Group in the 1st quarter worth about $48,000.

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.