PACS Group (PACS) to Release Earnings on Wednesday

PACS Group (NYSE:PACS) will likely be announcing its results after the market closes on Wednesday, November 19th. Analysts expect the company to announce earnings of $0.46 per share for the quarter.

PACS Group Stock Performance

PACS Group stock opened at $15.77 on Tuesday. The company’s 50 day simple moving average is $12.31 and its 200-day simple moving average is $11.73. PACS Group has a 1 year low of $7.50 and a 1 year high of $17.70. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 50.85 and a beta of 1.06.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PACS. Quarry LP increased its holdings in PACS Group by 79.5% during the 3rd quarter. Quarry LP now owns 2,388 shares of the company’s stock worth $33,000 after purchasing an additional 1,058 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of PACS Group during the first quarter worth about $64,000. Tower Research Capital LLC TRC increased its stake in shares of PACS Group by 289.0% during the second quarter. Tower Research Capital LLC TRC now owns 6,166 shares of the company’s stock worth $80,000 after buying an additional 4,581 shares during the period. Caxton Associates LLP acquired a new stake in PACS Group in the first quarter valued at approximately $163,000. Finally, Brevan Howard Capital Management LP purchased a new position in PACS Group in the second quarter worth approximately $177,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of PACS Group in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $24.67.

About PACS Group

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.