Insider Selling: PACS Group (NYSE:PACS) CEO Sells $396,098.36 in Stock

by · The Cerbat Gem

PACS Group, Inc. (NYSE:PACS – Get Free Report) CEO Jason Murray sold 8,771 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $45.16, for a total value of $396,098.36. Following the transaction, the chief executive officer directly owned 54,566,095 shares in the company, valued at $2,464,204,850.20. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Monday, September 14th, Jason Murray sold 317 shares of PACS Group stock. The stock was sold at an average price of $45.03, for a total value of $14,274.51.
  • On Friday, September 11th, Jason Murray sold 10,529 shares of PACS Group stock. The stock was sold at an average price of $45.23, for a total value of $476,226.67.
  • On Wednesday, September 9th, Jason Murray sold 4,758 shares of PACS Group stock. The shares were sold at an average price of $43.33, for a total value of $206,164.14.
  • On Tuesday, September 8th, Jason Murray sold 24,057 shares of PACS Group stock. The shares were sold at an average price of $43.49, for a total value of $1,046,238.93.
  • On Friday, September 4th, Jason Murray sold 23,072 shares of PACS Group stock. The shares were sold at an average price of $42.69, for a total transaction of $984,943.68.
  • 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 shares were sold at an average price of $42.94, for a total transaction of $1,021,242.02.
  • On Tuesday, September 1st, Jason Murray sold 24,157 shares of PACS Group stock. The stock was 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 stock was 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 transaction of $4,010,159.52.

PACS Group Price Performance

Shares of PACS stock traded down $0.15 during trading on Monday, hitting $44.61. The company had a trading volume of 759,862 shares, compared to its average volume of 904,574. The firm has a market capitalization of $7.06 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 1.40 and a beta of -0.13. PACS Group, Inc. has a one year low of $9.69 and a one year 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 stock’s 50-day moving average price is $44.74 and its 200 day moving average price is $39.08.

PACS Group (NYSE:PACS – Get Free Report) last released 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 firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. Equities analysts expect that PACS Group, Inc. will post 2.13 EPS for the current fiscal year.

Institutional Investors Weigh In On PACS Group

Hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its stake in PACS Group by 3,298.3% during the second quarter. California State Teachers Retirement System now owns 1,917,094 shares of the company’s stock worth $81,745,000 after acquiring an additional 1,860,680 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of PACS Group by 370.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 780,159 shares of the company’s stock valued at $25,051,000 after buying an additional 614,250 shares during the period. 8 Knots Management LLC acquired a new position in PACS Group during the 4th quarter worth approximately $23,421,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in PACS Group during the 1st quarter worth approximately $6,762,000. Finally, Bank of New York Mellon Corp acquired a new stake in PACS Group in the second quarter valued at approximately $8,196,000.

Analyst Ratings Changes

A number of research firms have recently commented on PACS. Zacks Research cut PACS Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 9th. Royal Bank Of Canada lifted their price target on shares of PACS Group from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Weiss Ratings lowered shares of PACS Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Truist Financial set a $62.00 price target on shares of PACS Group in a report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on PACS Group from $47.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Five 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 has a consensus rating of “Moderate Buy” and an average price target of $58.80.

View Our Latest Analysis on PACS Group

PACS Group Company Profile

(Get Free Report)

PACS Group, Inc is a U.S. healthcare services company that operates skilled nursing and post-acute care facilities. Its facilities provide short-term rehabilitation, long-term skilled nursing, nursing care, and related clinical services for patients recovering from illness, injury, surgery, or hospitalization.

The company’s broader care offerings may include assisted living, memory care, behavioral health, and other specialized post-acute services, depending on the facility and market.

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