PACS Group (NYSE:PACS) CAO Michelle Renee Lewis Sells 2,364 Shares of Stock

PACS Group, Inc. (NYSE:PACS) CAO Michelle Lewis sold 2,364 shares of the company’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $50.04, for a total transaction of $118,294.56. Following the completion of the sale, the chief accounting officer directly owned 343,510 shares of the company’s stock, valued at $17,189,240.40. This trade represents a 0.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michelle Renee Lewis also recently made the following trade(s):

• On Wednesday, October 28th, Michelle Lewis sold 9,464 shares of PACS Group stock. The stock was sold at an average price of $50.12, for a total transaction of $474,335.68.

PACS Group Stock Performance

NYSE PACS opened at $47.76 on Friday. The company has a 50-day simple moving average of $44.21 and a two-hundred day simple moving average of $39.79. 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, Inc. has a 12-month low of $10.31 and a 12-month high of $50.38. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 1.55 and a beta of -0.08.

PACS Group (NYSE:PACS) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.54 by $0.09. PACS Group had a return on equity of 29.55% and a net margin of 4.85%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. On average, equities analysts forecast that PACS Group, Inc. will post 2.13 EPS for the current year.

Key Stories Impacting PACS Group

Here are the key news stories impacting PACS Group this week:

• Neutral Sentiment: CEO Jason Murray, Director Mark Hancock, and Chief Accounting Officer Michelle Lewis collectively sold approximately 33,935 shares for about $1.70 million at prices near $50 per share. However, the transactions were executed under pre-arranged 10b5-1 plans, and the executives continue to hold substantial positions. The sales therefore appear more consistent with scheduled diversification or liquidity needs than a clear indication of weakening confidence. Mark Hancock insider-trading filing Jason Murray insider-trading filing Michelle Lewis insider-trading filing
• Negative Sentiment: A shareholder-focused law firm issued an alert encouraging PACS investors to contact the Shareholders Foundation regarding a potential lawsuit. The notice provides no confirmed allegations or details about the case in the supplied report, so the immediate financial impact is uncertain, but litigation-related headlines can create additional volatility and concern around the stock. PACS shareholder lawsuit alert

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PACS. Weiss Ratings raised PACS Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wall Street Zen downgraded shares of PACS Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research lowered shares of PACS Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 9th. Oppenheimer increased 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, UBS Group raised their price target 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. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.80.

Hedge Funds Weigh In On PACS Group

Several hedge funds have recently made changes to their positions in PACS. Dimensional Fund Advisors LP boosted its holdings in PACS Group by 370.2% in the first quarter. Dimensional Fund Advisors LP now owns 780,159 shares of the company’s stock valued at $25,051,000 after acquiring an additional 614,250 shares in the last quarter. Sei Investments Co. lifted its holdings in PACS Group by 7.4% in the first quarter. Sei Investments Co. now owns 370,501 shares of the company’s stock worth $11,900,000 after buying an additional 25,462 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in PACS Group by 44.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 288,718 shares of the company’s stock worth $9,274,000 after buying an additional 89,067 shares during the period. Bank of New York Mellon Corp bought a new stake in PACS Group during the 2nd quarter valued at approximately $8,196,000. Finally, Corient Private Wealth LP boosted its position in PACS Group by 1.8% during the 2nd quarter. Corient Private Wealth LP now owns 152,846 shares of the company’s stock valued at $6,517,000 after acquiring an additional 2,680 shares in the last quarter.

About PACS Group

PACS Group, Inc is a U.S.-based healthcare services company that owns and operates post-acute care facilities. Its platform focuses primarily on skilled nursing and transitional care, serving patients who require rehabilitation, recovery support, long-term care, and other services following hospitalization or acute medical treatment.

The company’s operations also include assisted living, independent living, and behavioral health services in select locations. Through its facilities and related healthcare capabilities, PACS Group provides services such as nursing care, physical and occupational therapy, speech therapy, medical treatment, and support for patients with complex or extended care needs.

Founded in 2013 and headquartered in Farmington, Utah, PACS Group serves communities across multiple U.S.