PACS Group (NYSE:PACS) CEO Sells $984,943.68 in Stock

by · The Markets Daily

PACS Group, Inc. (NYSE:PACS – Get Free Report) CEO Jason Murray sold 23,072 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $42.69, for a total transaction of $984,943.68. Following the sale, the chief executive officer owned 54,603,681 shares of the company’s stock, valued at $2,331,031,141.89. This represents a 0.04% decrease in their position. The sale was disclosed in a legal 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, 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 transaction 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 transaction of $1,046,238.93.
  • 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 shares were sold at an average price of $42.39, for a total transaction 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 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 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 shares were 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 up $0.92 during trading hours on Wednesday, reaching $44.59. The stock had a trading volume of 552,458 shares, compared to its average volume of 907,048. The firm has a 50-day moving average of $44.73 and a 200-day moving average of $38.97. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 1.20 and a beta of -0.13. 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, Inc. has a fifty-two week low of $7.62 and a fifty-two week high of $49.49.

PACS Group (NYSE:PACS – Get Free Report) last released its quarterly earnings results 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 company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. Equities research analysts predict that PACS Group, Inc. will post 2.36 earnings per share for the current year.

Institutional Investors Weigh In On PACS Group

Several hedge funds have recently modified their holdings of PACS. Financial Management Professionals Inc. increased its stake 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 buying an additional 235 shares during the period. Hollencrest Capital Management acquired a new stake in shares of PACS Group in the 4th quarter worth $27,000. Larson Financial Group LLC boosted its holdings in shares of PACS Group by 127.0% in the fourth quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock valued at $42,000 after acquiring an additional 612 shares in the last quarter. KBC Group NV purchased a new stake in shares of PACS Group in the first quarter valued at about $42,000. Finally, Western Wealth Management LLC acquired a new position in shares of PACS Group during the first quarter worth about $48,000.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Oppenheimer upped 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. Weiss Ratings lowered shares of PACS Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. 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. Truist Financial set a $62.00 target price on shares of PACS Group in a research note on Wednesday, September 2nd. Finally, Wall Street Zen lowered PACS Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, PACS Group presently has a consensus rating of “Buy” and a consensus target price of $58.80.

View Our Latest Stock Analysis on PACS

About PACS Group

(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.

Featured Articles