PACS Group (NYSE:PACS) CEO Sells 24,057 Shares

PACS Group, Inc. (NYSE:PACS) CEO Jason Murray sold 24,057 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $43.49, for a total transaction of $1,046,238.93. Following the transaction, the chief executive officer directly owned 54,579,624 shares of the company’s stock, valued at approximately $2,373,667,847.76. This trade represents a 0.04% decrease in their position. The sale was disclosed in a document filed 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, September 9th, Jason Murray sold 4,758 shares of PACS Group stock. The stock was sold at an average price of $43.33, for a total transaction of $206,164.14.
• On Friday, September 4th, Jason Murray sold 23,072 shares of PACS Group stock. The shares were sold at an average price of $42.69, for a total transaction of $984,943.68.
• On Thursday, September 3rd, Jason Murray sold 20,173 shares of PACS Group stock. The stock was sold at an average price of $42.56, for a total transaction of $858,562.88.
• On Wednesday, September 2nd, Jason Murray sold 23,783 shares of PACS Group stock. The shares were sold at an average price of $42.94, for a total transaction of $1,021,242.02.
• On Tuesday, September 1st, Jason Murray sold 24,157 shares of PACS Group stock. The stock was sold at an average price of $42.39, for a total value of $1,024,015.23.
• On Friday, August 21st, Jason Murray sold 59,244 shares of PACS Group stock. The shares were sold at an average price of $43.90, for a total value of $2,600,811.60.
• On Thursday, August 20th, Jason Murray sold 91,306 shares of PACS Group stock. The shares were sold at an average price of $43.92, for a total value of $4,010,159.52.
• On Wednesday, August 19th, Jason 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 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.
• On Monday, August 17th, Jason Murray sold 84,602 shares of PACS Group stock. The shares were sold at an average price of $44.16, for a total value of $3,736,024.32.

PACS Group Price Performance

NYSE PACS traded up $0.92 on Wednesday, reaching $44.59. 552,458 shares of the stock traded hands, compared to its average volume of 907,048. PACS Group, Inc. has a 12 month low of $7.62 and a 12 month high of $49.49. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 1.20 and a beta of -0.13. The firm’s fifty day simple moving average is $44.73 and its 200 day simple moving average is $38.97. 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 quarterly earnings data on Tuesday, August 4th. The company reported $0.63 EPS 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 for the quarter, compared to the consensus estimate of $1.41 billion. As a group, research analysts predict that PACS Group, Inc. will post 2.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on PACS. UBS Group raised their target price on shares of PACS Group from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings cut PACS Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Truist Financial set a $62.00 target price on shares of PACS Group in a research report on Wednesday, September 2nd. Oppenheimer upped their price target on shares of PACS Group from $48.00 to $57.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Finally, Wall Street Zen cut shares of PACS Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $58.80.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management bought a new stake in PACS Group during the fourth quarter worth approximately $27,000. Financial Management Professionals Inc. raised its holdings in PACS Group by 54.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 663 shares of the company’s stock worth $28,000 after acquiring an additional 235 shares during the period. Quarry LP lifted its position in PACS Group by 79.5% during the 3rd quarter. Quarry LP now owns 2,388 shares of the company’s stock worth $33,000 after acquiring an additional 1,058 shares during the last quarter. Larson Financial Group LLC lifted its position in 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. Finally, KBC Group NV bought a new stake in PACS Group during the first quarter valued at about $42,000.

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.