Peterson Wealth Services Sells 31,210 Shares of PACS Group, Inc. $PACS

Peterson Wealth Services lowered its stake in PACS Group, Inc. (NYSE:PACS) by 37.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,818 shares of the company’s stock after selling 31,210 shares during the period. Peterson Wealth Services’ holdings in PACS Group were worth $2,028,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its holdings in PACS Group by 127.0% in the fourth quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock valued at $42,000 after acquiring an additional 612 shares in the last quarter. Strategic Advocates LLC boosted its holdings in PACS Group by 18.5% in the fourth quarter. Strategic Advocates LLC now owns 5,182 shares of the company’s stock valued at $203,000 after acquiring an additional 808 shares in the last quarter. Quarry LP boosted its holdings in PACS Group by 79.5% in the third quarter. Quarry LP now owns 2,388 shares of the company’s stock valued at $33,000 after acquiring an additional 1,058 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in PACS Group by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,280 shares of the company’s stock valued at $262,000 after acquiring an additional 1,443 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in PACS Group by 4.9% in the fourth quarter. Deutsche Bank AG now owns 35,197 shares of the company’s stock valued at $1,351,000 after acquiring an additional 1,640 shares in the last quarter.

PACS Group Stock Performance

Shares of PACS stock opened at $34.83 on Friday. PACS Group, Inc. has a 12 month low of $7.50 and a 12 month high of $43.08. The stock has a market cap of $5.51 billion and a PE ratio of 22.33. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.27. The company’s fifty day moving average price is $35.49 and its 200-day moving average price is $35.83.

PACS Group (NYSE:PACS) last announced its earnings results on Monday, May 11th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. PACS Group had a net margin of 4.49% and a return on equity of 26.47%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.36 billion. On average, equities analysts expect that PACS Group, Inc. will post 2.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PACS has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their price target on shares of PACS Group from $47.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, February 27th. UBS Group lifted their price target on shares of PACS Group from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Wall Street Zen cut shares of PACS Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 7th. Zacks Research cut shares of PACS Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PACS Group in a report on Friday, March 27th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Insider Activity at PACS Group

In other news, insider John Todd Mitchell sold 27,389 shares of PACS Group stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $37.16, for a total value of $1,017,775.24. Following the completion of the transaction, the insider owned 803,566 shares of the company’s stock, valued at $29,860,512.56. The trade was a 3.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 70.10% of the company’s stock.

PACS Group 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.