PACS Group (NYSE:PACS) CEO Sells $77,063.40 in Stock

PACS Group, Inc. (NYSE:PACS – Get Free Report) CEO Jason Murray sold 1,620 shares of PACS Group stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $47.57, for a total transaction of $77,063.40. Following the sale, the chief executive officer owned 54,314,900 shares in the company, valued at approximately $2,583,759,793. The trade was a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jason Hulse Murray also recently made the following trade(s):

  • On Wednesday, October 21st, Jason Murray sold 6,610 shares of PACS Group stock. The stock was sold at an average price of $47.62, for a total transaction of $314,768.20.
  • On Tuesday, October 20th, Jason Murray sold 37,477 shares of PACS Group stock. The stock was sold at an average price of $47.65, for a total transaction of $1,785,779.05.
  • On Friday, October 16th, Jason Murray sold 8,462 shares of PACS Group stock. The shares were sold at an average price of $47.61, for a total transaction of $402,875.82.
  • On Thursday, October 15th, Jason Murray sold 110,035 shares of PACS Group stock. The shares were sold at an average price of $47.27, for a total transaction of $5,201,354.45.
  • On Wednesday, October 14th, Jason Murray sold 232 shares of PACS Group stock. The shares were sold at an average price of $45.00, for a total transaction of $10,440.00.
  • On Wednesday, October 7th, Jason Murray sold 717 shares of PACS Group stock. The stock was sold at an average price of $42.48, for a total transaction of $30,458.16.
  • On Tuesday, October 6th, Jason Murray sold 35,975 shares of PACS Group stock. The shares were sold at an average price of $43.09, for a total transaction of $1,550,162.75.
  • On Monday, October 5th, Jason Murray sold 24,224 shares of PACS Group stock. The shares were sold at an average price of $42.66, for a total value of $1,033,395.84.
  • On Friday, October 2nd, Jason Murray sold 26,052 shares of PACS Group stock. The shares were sold at an average price of $42.51, for a total value of $1,107,470.52.
  • On Thursday, October 1st, Jason Murray sold 33,032 shares of PACS Group stock. The stock was sold at an average price of $41.13, for a total value of $1,358,606.16.

PACS Group Price Performance

NYSE:PACS opened at $47.64 on Friday. The business’s 50-day moving average is $43.72 and its 200 day moving average is $40.96. PACS Group, Inc. has a 12 month low of $10.31 and a 12 month high of $49.49. The company has a market capitalization of $7.54 billion, a P/E ratio of 25.27, a P/E/G ratio of 1.48 and a beta of -0.08. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21.

PACS Group (NYSE:PACS – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.09. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. PACS Group had a return on equity of 29.55% and a net margin of 4.85%. On average, equities research analysts forecast that PACS Group, Inc. will post 2.13 earnings per share for the current fiscal year.

Institutional Trading of PACS Group

Several institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC increased its stake in shares of PACS Group by 94.7% in the second quarter. Squarepoint Ops LLC now owns 59,523 shares of the company’s stock worth $2,538,000 after acquiring an additional 28,945 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of PACS Group during the second quarter worth $1,893,000. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in shares of PACS Group during the third quarter worth $1,920,000. Engineers Gate Manager LP purchased a new position in shares of PACS Group during the second quarter worth $1,132,000. Finally, Smith Group Asset Management LLC acquired a new position in PACS Group during the first quarter valued at $771,000.

Wall Street Analyst Weigh In

PACS has been the subject of a number of recent research reports. Weiss Ratings raised shares of PACS Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. UBS Group upped their target price on shares of PACS Group from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Royal Bank Of Canada increased their price target on shares of PACS Group from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Truist Financial set a $62.00 price target on PACS Group in a research report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on PACS Group from $47.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.80.

Read Our Latest Stock Report on PACS Group

About PACS Group

(Get Free Report)

PACS Group, Inc is a U.S.-based healthcare services company that owns and operates post-acute care facilities. Its platform focuses primarily on skilled nursing and transitional care, serving patients who require rehabilitation, recovery support, long-term care, and other services following hospitalization or acute medical treatment.

The company’s operations also include assisted living, independent living, and behavioral health services in select locations. Through its facilities and related healthcare capabilities, PACS Group provides services such as nursing care, physical and occupational therapy, speech therapy, medical treatment, and support for patients with complex or extended care needs.

Founded in 2013 and headquartered in Farmington, Utah, PACS Group serves communities across multiple U.S.

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