PACS Group (NYSE:PACS) CEO Jason Hulse Murray Sells 1,620 Shares of Stock

PACS Group, Inc. (NYSE:PACS) CEO Jason Murray sold 1,620 shares of PACS Group stock in a transaction on Monday, October 19th. The stock was sold at an average price of $47.57, for a total value of $77,063.40. Following the sale, the chief executive officer directly owned 54,314,900 shares of the company’s stock, valued at $2,583,759,793. This represents a 0.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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, October 21st, Jason Murray sold 6,610 shares of PACS Group stock. The shares were sold at an average price of $47.62, for a total transaction of $314,768.20.
• On Tuesday, October 20th, Jason Murray sold 37,477 shares of PACS Group stock. The shares were sold at an average price of $47.65, for a total transaction of $1,785,779.05.
• On Friday, October 16th, Jason Murray sold 8,462 shares of PACS Group stock. The shares were sold at an average price of $47.61, for a total transaction of $402,875.82.
• On Thursday, October 15th, Jason Murray sold 110,035 shares of PACS Group stock. The stock was sold at an average price of $47.27, for a total transaction of $5,201,354.45.
• On Wednesday, October 14th, Jason Murray sold 232 shares of PACS Group stock. The stock was sold at an average price of $45.00, for a total transaction of $10,440.00.
• On Wednesday, October 7th, Jason Murray sold 717 shares of PACS Group stock. The stock was sold at an average price of $42.48, for a total transaction of $30,458.16.
• On Tuesday, October 6th, Jason Murray sold 35,975 shares of PACS Group stock. The shares were sold at an average price of $43.09, for a total transaction of $1,550,162.75.
• On Monday, October 5th, Jason Murray sold 24,224 shares of PACS Group stock. The shares were sold at an average price of $42.66, for a total transaction of $1,033,395.84.
• On Friday, October 2nd, Jason Murray sold 26,052 shares of PACS Group stock. The stock was sold at an average price of $42.51, for a total transaction of $1,107,470.52.
• On Thursday, October 1st, Jason Murray sold 33,032 shares of PACS Group stock. The stock was sold at an average price of $41.13, for a total transaction of $1,358,606.16.

PACS Group Stock Down 2.2%

Shares of PACS opened at $46.69 on Thursday. PACS Group, Inc. has a 12 month low of $10.31 and a 12 month high of $49.49. The firm’s 50 day moving average is $43.61 and its 200-day moving average is $40.80. The stock has a market capitalization of $7.39 billion, a PE ratio of 25.38, a P/E/G ratio of 1.49 and a beta of -0.08. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21.

PACS Group (NYSE:PACS) last released its quarterly 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. The company had revenue of $1.43 billion during 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%. Equities research analysts forecast that PACS Group, Inc. will post 2.13 EPS for the current year.

Hedge Funds Weigh In On PACS Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of PACS Group during the 3rd quarter worth $1,920,000. Nisa Investment Advisors LLC lifted its position in shares of PACS Group by 11.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,327 shares of the company’s stock worth $97,000 after buying an additional 230 shares during the last quarter. USA Financial Formulas acquired a new stake in PACS Group in the third quarter valued at about $46,000. Ellsworth Advisors LLC acquired a new stake in PACS Group in the third quarter valued at about $914,000. Finally, State of Alaska Department of Revenue grew its position in PACS Group by 29.0% in the third quarter. State of Alaska Department of Revenue now owns 6,715 shares of the company’s stock valued at $279,000 after acquiring an additional 1,511 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PACS. Weiss Ratings upgraded PACS Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Truist Financial set a $62.00 price objective on PACS Group in a report on Wednesday, September 2nd. Royal Bank Of Canada upped their target price on PACS Group from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Zacks Research lowered PACS Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 9th. Finally, Wall Street Zen lowered PACS Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $58.80.

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.