PACS Group (NYSE:PACS) CEO Jason Hulse Murray Sells 317 Shares of Stock

PACS Group, Inc. (NYSE:PACS) CEO Jason Murray sold 317 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $45.03, for a total value of $14,274.51. Following the sale, the chief executive officer directly owned 54,555,249 shares of the company’s stock, valued at $2,456,622,862.47. This represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 Friday, September 11th, Jason Murray sold 10,529 shares of PACS Group stock. The stock was sold at an average price of $45.23, for a total transaction of $476,226.67.
• On Thursday, September 10th, Jason Murray sold 8,771 shares of PACS Group stock. The stock was sold at an average price of $45.16, for a total transaction of $396,098.36.
• On Wednesday, September 9th, Jason Murray sold 4,758 shares of PACS Group stock. The stock was 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 value of $1,046,238.93.
• On Friday, September 4th, Jason Murray sold 23,072 shares of PACS Group stock. The shares were sold at an average price of $42.69, for a total transaction of $984,943.68.
• On Thursday, September 3rd, Jason Murray sold 20,173 shares of PACS Group stock. The shares were 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 stock was sold at an average price of $42.94, for a total value of $1,021,242.02.
• On Tuesday, September 1st, Jason Murray sold 24,157 shares of PACS Group stock. The stock was sold at an average price of $42.39, for a total value of $1,024,015.23.
• On Friday, August 21st, Jason Murray sold 59,244 shares of PACS Group stock. The shares were sold at an average price of $43.90, for a total transaction of $2,600,811.60.
• On Thursday, August 20th, Jason Murray sold 91,306 shares of PACS Group stock. The shares were sold at an average price of $43.92, for a total transaction of $4,010,159.52.

PACS Group Stock Down 0.3%

NYSE:PACS opened at $44.61 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $44.74 and a two-hundred day moving average price of $39.12. PACS Group, Inc. has a 1 year low of $9.69 and a 1 year high of $49.49. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 1.40 and a beta of -0.13.

PACS Group (NYSE:PACS) last announced its 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 net margin of 4.85% and a return on equity of 29.55%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. As a group, equities analysts expect that PACS Group, Inc. will post 2.13 earnings per share for the current year.

Institutional Investors Weigh In On PACS Group

Institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System increased its stake in PACS Group by 3,298.3% in the second quarter. California State Teachers Retirement System now owns 1,917,094 shares of the company’s stock valued at $81,745,000 after acquiring an additional 1,860,680 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of PACS Group by 370.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 780,159 shares of the company’s stock valued at $25,051,000 after purchasing an additional 614,250 shares in the last quarter. 8 Knots Management LLC bought a new position in shares of PACS Group in the 4th quarter valued at $23,421,000. Sei Investments Co. increased its stake in shares of PACS Group by 7.4% in the 1st quarter. Sei Investments Co. now owns 370,501 shares of the company’s stock valued at $11,900,000 after purchasing an additional 25,462 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of PACS Group by 44.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 288,718 shares of the company’s stock worth $9,274,000 after buying an additional 89,067 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PACS. Truist Financial set a $62.00 price target on PACS Group in a research report on Wednesday, September 2nd. UBS Group increased their price target 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. Wall Street Zen lowered PACS Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Oppenheimer lifted their price target on PACS Group from $48.00 to $57.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, Weiss Ratings downgraded PACS Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.80.

About PACS Group

PACS Group, Inc is a U.S. healthcare services company that operates skilled nursing and post-acute care facilities. Its facilities provide short-term rehabilitation, long-term skilled nursing, nursing care, and related clinical services for patients recovering from illness, injury, surgery, or hospitalization.

The company’s broader care offerings may include assisted living, memory care, behavioral health, and other specialized post-acute services, depending on the facility and market.