PACS Group (NYSE:PACS) Insider John Todd Mitchell Sells 52,763 Shares

PACS Group, Inc. (NYSE:PACS) insider John Todd Mitchell sold 52,763 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $38.02, for a total transaction of $2,006,049.26. Following the completion of the transaction, the insider owned 830,955 shares in the company, valued at $31,592,909.10. This trade represents a 5.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Todd Mitchell also recently made the following trade(s):

• On Monday, May 18th, John Todd Mitchell sold 27,389 shares of PACS Group stock. The shares were sold at an average price of $37.16, for a total transaction of $1,017,775.24.

PACS Group Trading Up 0.0%

PACS stock opened at $36.82 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.99 and a current ratio of 0.99. The company’s 50-day simple moving average is $34.38 and its 200 day simple moving average is $33.14. PACS Group, Inc. has a 52 week low of $7.50 and a 52 week high of $43.08. The company has a market capitalization of $5.83 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.12 and a beta of -0.03.

PACS Group (NYSE:PACS) last released its quarterly earnings results on Monday, May 11th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.42 by $0.08. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.36 billion. PACS Group had a net margin of 4.49% and a return on equity of 26.47%. As a group, sell-side analysts anticipate that PACS Group, Inc. will post 2.19 earnings per share for the current year.

Institutional Investors Weigh In On PACS Group

Several hedge funds have recently added to or reduced their stakes in PACS. Hollencrest Capital Management acquired a new stake in PACS Group during the 4th quarter worth approximately $27,000. Quarry LP boosted its position 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 buying an additional 1,058 shares during the period. Larson Financial Group LLC boosted its position in PACS Group by 127.0% during the 4th quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock worth $42,000 after buying an additional 612 shares during the period. KBC Group NV acquired a new stake in PACS Group during the 1st quarter worth approximately $42,000. Finally, Western Wealth Management LLC acquired a new stake in PACS Group during the 1st quarter worth approximately $48,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PACS shares. Truist Financial increased their price objective on shares of PACS Group from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday. Wall Street Zen upgraded PACS Group from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Royal Bank Of Canada lifted their target price on PACS Group from $47.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Zacks Research downgraded shares of PACS Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PACS Group in a research note on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, PACS Group currently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

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.