Royal Bank of Canada initiated coverage on shares of PACS Group (NYSE:PACS – Free Report) in a research note released on Monday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $30.00 price target on the stock.
PACS Group Trading Up 0.5 %
Shares of NYSE PACS opened at $24.93 on Monday. PACS Group has a 1-year low of $22.61 and a 1-year high of $25.72.
Insiders Place Their Bets
In other news, CEO Jason Hulse Murray sold 1,607,142 shares of PACS Group stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $21.00, for a total transaction of $33,749,982.00. Following the sale, the chief executive officer now directly owns 62,754,551 shares of the company’s stock, valued at $1,317,845,571. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
PACS Group Company Profile
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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