PACS Group (NYSE:PACS) CEO Jason Hulse Murray Sells 66,797 Shares of Stock

PACS Group, Inc. (NYSE:PACS) CEO Jason Hulse Murray sold 66,797 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $44.18, for a total value of $2,951,091.46. Following the completion of the transaction, the chief executive officer directly owned 54,930,133 shares in the company, valued at approximately $2,426,813,275.94. The trade was a 0.12% decrease in their position. The transaction 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, August 19th, Jason Hulse Murray sold 84,717 shares of PACS Group stock. The shares were sold at an average price of $44.26, for a total value of $3,749,574.42.
• On Monday, August 17th, Jason Hulse Murray sold 84,602 shares of PACS Group stock. The stock was sold at an average price of $44.16, for a total transaction of $3,736,024.32.

PACS Group Price Performance

PACS traded up $0.45 during trading on Wednesday, reaching $44.24. The stock had a trading volume of 680,757 shares, compared to its average volume of 897,858. The stock has a 50 day moving average of $43.20 and a two-hundred day moving average of $38.41. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 1.24 and a beta of -0.08. PACS Group, Inc. has a 1-year low of $7.50 and a 1-year high of $49.49.

PACS Group (NYSE:PACS) last announced 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. 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 during the quarter, compared to analyst estimates of $1.41 billion. As a group, equities analysts anticipate that PACS Group, Inc. will post 2.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management bought a new position in PACS Group in the 4th quarter worth $27,000. Financial Management Professionals Inc. grew its holdings in PACS Group by 54.9% during the second 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. Quarry LP grew its holdings in PACS Group by 79.5% during the third quarter. Quarry LP now owns 2,388 shares of the company’s stock valued at $33,000 after purchasing an additional 1,058 shares during the period. Larson Financial Group LLC increased its position in PACS Group by 127.0% in the fourth quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock worth $42,000 after buying an additional 612 shares in the last quarter. Finally, KBC Group NV purchased a new stake in PACS Group in the first quarter worth about $42,000.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Truist Financial lifted their target price on shares of PACS Group from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research upgraded shares of PACS Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Wall Street Zen lowered PACS Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Royal Bank Of Canada boosted their price target on shares of PACS Group from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, UBS Group boosted their price objective on PACS Group from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $56.00.

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.