PACS Group (NYSE:PACS) CEO Jason Hulse Murray Sells 20,173 Shares of Stock

PACS Group, Inc. (NYSE:PACS) CEO Jason Murray sold 20,173 shares of PACS Group stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $42.56, for a total value of $858,562.88. Following the completion of the sale, the chief executive officer directly owned 54,626,753 shares in the company, valued at approximately $2,324,914,607.68. This represents a 0.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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, September 2nd, Jason Murray sold 23,783 shares of PACS Group stock. The shares were sold at an average price of $42.94, for a total value 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 value 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 value 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 value 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 value of $3,749,574.42.
• On Tuesday, August 18th, Jason Murray sold 66,797 shares of PACS Group stock. The stock was sold at an average price of $44.18, for a total value of $2,951,091.46.
• On Monday, August 17th, Jason Murray sold 84,602 shares of PACS Group stock. The shares were sold at an average price of $44.16, for a total value of $3,736,024.32.

PACS Group Stock Down 0.1%

Shares of NYSE:PACS traded down $0.05 during midday trading on Thursday, hitting $43.04. The stock had a trading volume of 570,338 shares, compared to its average volume of 664,940. PACS Group, Inc. has a 12 month low of $7.50 and a 12 month high of $49.49. 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 business’s 50-day simple moving average is $44.65 and its 200-day simple moving average is $38.89. The company has a market cap of $6.81 billion, a P/E ratio of 25.02, a PEG ratio of 1.22 and a beta of -0.13.

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

Hedge Funds Weigh In On PACS Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Hollencrest Capital Management bought a new position in PACS Group during the fourth quarter worth about $27,000. Financial Management Professionals Inc. boosted its holdings in PACS Group by 54.9% in the 2nd 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 boosted its holdings in PACS Group by 79.5% in the 3rd 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 boosted its holdings in 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 during the period. Finally, KBC Group NV acquired a new position in shares of PACS Group during the 1st quarter worth approximately $42,000.

Analysts Set New Price Targets

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

About PACS Group

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.