PACS Group (NYSE:PACS) COO Joshua Jergensen Sells 36,335 Shares

PACS Group, Inc. (NYSE:PACS) COO Joshua Jergensen sold 36,335 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $34.28, for a total transaction of $1,245,563.80. Following the completion of the sale, the chief operating officer directly owned 2,667,347 shares in the company, valued at $91,436,655.16. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

PACS Group Stock Up 1.8%

Shares of NYSE PACS opened at $35.69 on Wednesday. PACS Group, Inc. has a 1 year low of $7.50 and a 1 year high of $43.08. The firm has a 50-day simple moving average of $37.39 and a two-hundred day simple moving average of $26.43. The company has a market cap of $5.61 billion, a P/E ratio of 29.02, a PEG ratio of 1.12 and a beta of -0.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.07 and a quick ratio of 1.07.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PACS. Hollencrest Capital Management bought a new stake in PACS Group during the 4th quarter valued at $27,000. Quarry LP increased its stake in shares of PACS Group by 79.5% during the third quarter. Quarry LP now owns 2,388 shares of the company’s stock valued at $33,000 after buying an additional 1,058 shares during the period. Larson Financial Group LLC increased its stake in shares of PACS Group by 127.0% during the fourth 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. Strategic Advocates LLC bought a new stake in shares of PACS Group in the third quarter valued at about $60,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of PACS Group in the first quarter valued at about $64,000.

Analyst Upgrades and Downgrades

PACS has been the subject of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on PACS Group from $47.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Zacks Research upgraded PACS Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Wall Street Zen upgraded PACS Group from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Weiss Ratings restated a “hold (c-)” rating on shares of PACS Group in a report on Monday, December 22nd. Finally, Oppenheimer raised their price target on shares of PACS Group from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $44.40.

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.