PACS Group (NYSE:PACS) CEO Jason Hulse Murray Sells 4,758 Shares of Stock

PACS Group, Inc. (NYSE:PACS) CEO Jason Murray sold 4,758 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $43.33, for a total value of $206,164.14. Following the transaction, the chief executive officer owned 54,574,866 shares of the company’s stock, valued at $2,364,728,943.78. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Tuesday, September 8th, Jason Murray sold 24,057 shares of PACS Group stock. The shares were sold at an average price of $43.49, for a total transaction of $1,046,238.93.
• On Friday, September 4th, Jason Murray sold 23,072 shares of PACS Group stock. The stock was 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 stock was 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 shares were sold at an average price of $42.39, for a total transaction 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 transaction of $2,600,811.60.
• On Thursday, August 20th, Jason Murray sold 91,306 shares of PACS Group stock. The stock was sold at an average price of $43.92, for a total transaction 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 transaction of $3,749,574.42.
• On Tuesday, August 18th, Jason Murray sold 66,797 shares of PACS Group stock. The shares were sold at an average price of $44.18, for a total transaction of $2,951,091.46.
• On Monday, August 17th, Jason Murray sold 84,602 shares of PACS Group stock. The stock was sold at an average price of $44.16, for a total value of $3,736,024.32.

PACS Group Stock Up 2.1%

NYSE PACS opened at $44.59 on Thursday. The firm has a market cap of $7.06 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 1.23 and a beta of -0.13. PACS Group, Inc. has a one year low of $7.62 and a one year high of $49.49. The stock’s 50 day simple moving average is $44.74 and its 200 day simple moving average is $39.01. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.91 and a quick ratio of 0.91.

PACS Group (NYSE:PACS) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.09. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. PACS Group had a return on equity of 29.55% and a net margin of 4.85%. As a group, sell-side analysts forecast that PACS Group, Inc. will post 2.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PACS Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. acquired a new stake in shares of PACS Group during the first quarter worth $3,171,000. Smith Group Asset Management LLC acquired a new position in PACS Group in the first quarter valued at about $771,000. Maven Securities LTD acquired a new position in PACS Group in the fourth quarter valued at about $960,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in PACS Group during the first quarter worth about $6,762,000. Finally, Corient Private Wealth LLC boosted its holdings in PACS Group by 29.7% during the fourth quarter. Corient Private Wealth LLC now owns 170,052 shares of the company’s stock worth $6,528,000 after buying an additional 38,956 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PACS. Zacks Research raised PACS Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Truist Financial set a $62.00 price objective on shares of PACS Group in a research report on Wednesday, September 2nd. Royal Bank Of Canada raised their price objective on shares of PACS Group from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Oppenheimer upped their target price on shares of PACS Group from $48.00 to $57.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Finally, Weiss Ratings lowered shares of PACS Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $58.80.

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.