PACS Group (NYSE:PACS) CAO Michelle Renee Lewis Sells 9,464 Shares of Stock

PACS Group, Inc. (NYSE:PACS) CAO Michelle Lewis sold 9,464 shares of PACS Group stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $50.12, for a total value of $474,335.68. Following the completion of the sale, the chief accounting officer directly owned 345,874 shares in the company, valued at $17,335,204.88. This represents a 2.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michelle Renee Lewis also recently made the following trade(s):

• On Thursday, October 29th, Michelle Lewis sold 2,364 shares of PACS Group stock. The shares were sold at an average price of $50.04, for a total value of $118,294.56.

PACS Group Trading Down 3.9%

Shares of PACS stock opened at $47.76 on Friday. The business’s fifty day moving average price is $44.21 and its 200 day moving average price is $39.79. The firm has a market capitalization of $7.56 billion, a PE ratio of 27.77, a P/E/G ratio of 1.55 and a beta of -0.08. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.91 and a quick ratio of 0.91. PACS Group, Inc. has a 1-year low of $10.31 and a 1-year high of $50.38.

PACS Group (NYSE:PACS) last released its earnings results on Tuesday, August 4th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.09. PACS Group had a return on equity of 29.55% and a net margin of 4.85%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. As a group, sell-side analysts forecast that PACS Group, Inc. will post 2.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PACS. Weiss Ratings raised PACS Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Zacks Research lowered PACS Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 9th. JPMorgan Chase & Co. raised their price target on PACS Group from $47.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. UBS Group lifted their price target on PACS Group from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada boosted their price objective on shares of PACS Group from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.80.

Key PACS Group News

Here are the key news stories impacting PACS Group this week:

• Neutral Sentiment: CEO Jason Murray, Director Mark Hancock, and Chief Accounting Officer Michelle Lewis collectively sold approximately 33,935 shares for about $1.70 million at prices near $50 per share. However, the transactions were executed under pre-arranged 10b5-1 plans, and the executives continue to hold substantial positions. The sales therefore appear more consistent with scheduled diversification or liquidity needs than a clear indication of weakening confidence. Mark Hancock insider-trading filing Jason Murray insider-trading filing Michelle Lewis insider-trading filing
• Negative Sentiment: A shareholder-focused law firm issued an alert encouraging PACS investors to contact the Shareholders Foundation regarding a potential lawsuit. The notice provides no confirmed allegations or details about the case in the supplied report, so the immediate financial impact is uncertain, but litigation-related headlines can create additional volatility and concern around the stock. PACS shareholder lawsuit alert

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its holdings in PACS Group by 11.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,327 shares of the company’s stock worth $97,000 after purchasing an additional 230 shares during the last quarter. Financial Management Professionals Inc. boosted its stake in shares of PACS Group by 54.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 663 shares of the company’s stock valued at $28,000 after buying an additional 235 shares during the last quarter. Jacobsen Capital Management raised its holdings in PACS Group by 1.6% in the first quarter. Jacobsen Capital Management now owns 18,128 shares of the company’s stock valued at $582,000 after acquiring an additional 294 shares in the last quarter. Smith Group Asset Management LLC raised its holdings in PACS Group by 1.3% in the third quarter. Smith Group Asset Management LLC now owns 24,680 shares of the company’s stock valued at $1,025,000 after acquiring an additional 320 shares in the last quarter. Finally, Toth Financial Advisory Corp boosted its stake in PACS Group by 87.5% during the 3rd quarter. Toth Financial Advisory Corp now owns 1,500 shares of the company’s stock valued at $62,000 after acquiring an additional 700 shares during the last quarter.

PACS Group Company Profile

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.