PACS Group (NYSE:PACS) Insider John Todd Mitchell Sells 27,389 Shares of Stock

PACS Group, Inc. (NYSE:PACS) insider John Todd Mitchell sold 27,389 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider directly owned 803,566 shares in the company, valued at $29,860,512.56. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Todd Mitchell also recently made the following trade(s):

• On Friday, May 15th, John Todd Mitchell sold 52,763 shares of PACS Group stock. The stock was sold at an average price of $38.02, for a total value of $2,006,049.26.

PACS Group Stock Performance

PACS Group stock opened at $36.82 on Wednesday. The stock’s 50 day moving average price is $34.38 and its 200 day moving average price is $33.14. The firm has a market capitalization of $5.83 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.12 and a beta of -0.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.99 and a current ratio of 0.99. PACS Group, Inc. has a one year low of $7.50 and a one year high of $43.08.

PACS Group (NYSE:PACS) last released its quarterly earnings results on Monday, May 11th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.42 by $0.08. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.36 billion. PACS Group had a return on equity of 26.47% and a net margin of 4.49%. As a group, sell-side analysts expect that PACS Group, Inc. will post 2.19 EPS for the current fiscal year.

Hedge Funds Weigh In On PACS Group

Institutional investors have recently made changes to their positions in the business. Hollencrest Capital Management acquired a new position in shares of PACS Group in the 4th quarter valued at approximately $27,000. Larson Financial Group LLC raised its position in shares of PACS Group by 127.0% in the 4th quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock valued at $42,000 after purchasing an additional 612 shares in the last quarter. KBC Group NV acquired a new position in shares of PACS Group in the 1st quarter valued at approximately $42,000. Western Wealth Management LLC acquired a new position in shares of PACS Group in the 1st quarter valued at approximately $48,000. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of PACS Group in the 4th quarter valued at approximately $74,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Oppenheimer boosted their price target on PACS Group from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PACS Group in a research report on Friday, March 27th. Wall Street Zen raised PACS Group from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Royal Bank Of Canada upped their target price on PACS Group from $47.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Finally, Zacks Research lowered PACS Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Five research 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 price target of $48.00.

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.