PACS Group (NYSE:PACS) Stock: Insider Jason Hulse Murray Sells 19,235 Shares

PACS Group, Inc. (NYSE:PACS) CEO Jason Murray sold 19,235 shares of PACS Group stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $50.64, for a total value of $974,060.40. Following the transaction, the chief executive officer owned 53,934,866 shares in the company, valued at approximately $2,731,261,614.24. This represents a 0.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, November 4th, Jason Murray sold 167,434 shares of PACS Group stock. The shares were sold at an average price of $50.24, for a total transaction of $8,411,884.16.
• On Tuesday, November 3rd, Jason Murray sold 26,504 shares of PACS Group stock. The shares were sold at an average price of $46.50, for a total transaction of $1,232,436.00.
• On Monday, November 2nd, Jason Murray sold 31,358 shares of PACS Group stock. The stock was sold at an average price of $46.02, for a total transaction of $1,443,095.16.
• On Thursday, October 29th, Jason Murray sold 1,904 shares of PACS Group stock. The stock was sold at an average price of $50.05, for a total transaction of $95,295.20.
• On Wednesday, October 28th, Jason Murray sold 6,899 shares of PACS Group stock. The stock was sold at an average price of $50.10, for a total transaction of $345,639.90.
• On Friday, October 23rd, Jason Murray sold 68,917 shares of PACS Group stock. The shares were sold at an average price of $48.60, for a total transaction of $3,349,366.20.
• On Thursday, October 22nd, Jason Murray sold 13,696 shares of PACS Group stock. The shares were sold at an average price of $47.55, for a total transaction of $651,244.80.
• On Wednesday, October 21st, Jason Murray sold 6,610 shares of PACS Group stock. The shares were 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 shares were sold at an average price of $47.65, for a total transaction of $1,785,779.05.
• On Monday, October 19th, Jason Murray sold 1,620 shares of PACS Group stock. The stock was sold at an average price of $47.57, for a total transaction of $77,063.40.

PACS Group Stock Up 0.7%

Shares of NYSE PACS opened at $49.10 on Wednesday. The company has a market capitalization of $7.79 billion, a P/E ratio of 22.27, a P/E/G ratio of 1.52 and a beta of -0.14. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.80 and a quick ratio of 0.80. The company has a 50 day simple moving average of $44.89 and a 200-day simple moving average of $40.16. PACS Group, Inc. has a 1 year low of $10.31 and a 1 year high of $51.68.

PACS Group (NYSE:PACS) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. PACS Group had a return on equity of 31.98% and a net margin of 4.87%. On average, equities research analysts predict that PACS Group, Inc. will post 2.13 earnings per share for the current year.

Institutional Trading of PACS Group

Several hedge funds have recently modified their holdings of PACS. Eurizon Capital SGR S.p.A. acquired a new position in PACS Group during the third quarter valued at $34,000. Fulcrum Asset Management LLP lifted its stake in shares of PACS Group by 244.8% in the third quarter. Fulcrum Asset Management LLP now owns 11,014 shares of the company’s stock worth $465,000 after buying an additional 7,820 shares in the last quarter. Vise Technologies Inc. boosted its holdings in shares of PACS Group by 40.6% during the 3rd quarter. Vise Technologies Inc. now owns 7,209 shares of the company’s stock worth $300,000 after purchasing an additional 2,081 shares during the last quarter. State of Wyoming boosted its stake in PACS Group by 11.9% during the third quarter. State of Wyoming now owns 10,551 shares of the company’s stock worth $438,000 after buying an additional 1,119 shares during the last quarter. Finally, Smith Group Asset Management LLC grew its holdings in shares of 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 purchasing an additional 320 shares during the period.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PACS. JPMorgan Chase & Co. boosted their target price on shares of PACS Group from $47.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. 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 research note on Thursday, August 6th. Weiss Ratings raised shares of PACS Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, November 4th. Truist Financial reiterated a “buy” rating and set a $65.00 price target (up from $62.00) on shares of PACS Group in a report on Thursday, November 5th. Finally, Zacks Research downgraded PACS Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 9th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, PACS Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.33.

About PACS Group

PACS Group, Inc. is a post-acute healthcare provider that operates skilled nursing and rehabilitation facilities. Its services include nursing care, physical and occupational therapy, and support for patients recovering from illness or injury, as well as care for people with ongoing or long-term needs. Founded in 2013, the company has expanded its network of facilities across the United States. Its operations are organized through affiliated entities, with care and services tailored to the needs of residents and patients in the communities it serves.