PACS Group (NYSE:PACS) CEO Sells 24,157 Shares

by · The Cerbat Gem

PACS Group, Inc. (NYSE:PACS – Get Free Report) CEO Jason Murray sold 24,157 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $42.39, for a total transaction of $1,024,015.23. Following the sale, the chief executive officer owned 54,670,709 shares of the company’s stock, valued at $2,317,491,354.51. This trade represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 Thursday, September 3rd, Jason Murray sold 20,173 shares of PACS Group stock. The stock was sold at an average price of $42.56, for a total transaction of $858,562.88.
  • On Wednesday, September 2nd, Jason Murray sold 23,783 shares of PACS Group stock. The stock was sold at an average price of $42.94, for a total transaction of $1,021,242.02.
  • 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 transaction 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 shares were 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 shares were 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 stock was sold at an average price of $44.16, for a total value of $3,736,024.32.

PACS Group Stock Performance

Shares of NYSE PACS traded down $0.05 during trading on Thursday, hitting $43.04. The company 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 debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $6.81 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 1.22 and a beta of -0.13. The stock has a 50 day simple moving average of $44.65 and a 200 day simple moving average of $38.89.

PACS Group (NYSE:PACS – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.09. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.41 billion. PACS Group had a net margin of 4.85% and a return on equity of 29.55%. As a group, analysts anticipate that PACS Group, Inc. will post 2.36 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Financial Management Professionals Inc. lifted 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 in the last quarter. Jacobsen Capital Management grew its position in PACS Group by 1.6% in the first quarter. Jacobsen Capital Management now owns 18,128 shares of the company’s stock worth $582,000 after acquiring an additional 294 shares during the period. Larson Financial Group LLC raised 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 buying an additional 612 shares during the period. Hollencrest Capital Management acquired a new position in shares of PACS Group in the fourth quarter valued at approximately $27,000. Finally, Strategic Advocates LLC lifted its holdings in PACS Group by 18.5% during the 4th quarter. Strategic Advocates LLC now owns 5,182 shares of the company’s stock worth $203,000 after buying an additional 808 shares during the last quarter.

Analyst Upgrades and Downgrades

PACS has been the topic of a number of recent research reports. Truist Financial set a $62.00 price objective on shares of PACS Group in a research note on Wednesday. Weiss Ratings cut PACS Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada lifted their price target on PACS Group from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Wall Street Zen lowered PACS Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, UBS Group lifted their target price 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 investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $56.00.

View Our Latest Stock Report on PACS Group

PACS Group Company Profile

(Get Free Report)

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.

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