Key Points
- Insider sale: PACS Group director John Todd Mitchell sold 159,556 shares on November 24 at an average price of $29.89 for about $4.77 million, trimming his stake by 17.43% to 755,836 shares (worth ~$22.59M).
- Quarterly results: PACS reported $0.32 EPS versus a $0.46 consensus (missing by $0.14) while beating revenue expectations with $1.28 billion versus $1.11 billion, and posted a 21.4% ROE and 3.29% net margin.
- Market sentiment: Several institutional investors materially increased positions (Vanguard, Royce, Balyasny, Marshall Wace), and analysts have recently upgraded the stock — RBC raised its target to $33 and the consensus rating is a Moderate Buy with a $26.75 price target.
PACS Group, Inc. (NYSE:PACS - Get Free Report) Director Evelyn Dilsaver acquired 16,724 shares of the firm's stock in a transaction dated Monday, November 24th. The shares were acquired at an average price of $29.90 per share, for a total transaction of $500,047.60. Following the acquisition, the director directly owned 22,739 shares of the company's stock, valued at approximately $679,896.10. The trade was a 278.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
PACS Group Stock Performance
Shares of NYSE:PACS opened at $32.06 on Thursday. The business has a 50-day moving average of $14.53 and a two-hundred day moving average of $12.46. The firm has a market capitalization of $5.02 billion, a PE ratio of 30.53 and a beta of 1.05. PACS Group, Inc. has a 12 month low of $7.50 and a 12 month high of $32.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.94 and a quick ratio of 0.94.
PACS Group (NYSE:PACS - Get Free Report) last posted its earnings results on Wednesday, November 19th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.14). The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.11 billion. PACS Group had a net margin of 3.29% and a return on equity of 21.39%. PACS Group has set its FY 2025 guidance at EPS. As a group, research analysts forecast that PACS Group, Inc. will post 1.01 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the stock. Wall Street Zen raised shares of PACS Group from a "hold" rating to a "buy" rating in a report on Saturday, November 22nd. Royal Bank Of Canada upped their price target on shares of PACS Group from $32.00 to $33.00 and gave the stock an "outperform" rating in a research note on Thursday, November 20th. Finally, Weiss Ratings upgraded shares of PACS Group from a "sell (d)" rating to a "hold (c-)" rating in a research report on Thursday, November 20th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, PACS Group has a consensus rating of "Moderate Buy" and an average target price of $26.75.
Get Our Latest Research Report on PACS Group
Institutional Investors Weigh In On PACS Group
Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP boosted its holdings in PACS Group by 79.5% in the 3rd quarter. Quarry LP now owns 2,388 shares of the company's stock valued at $33,000 after purchasing an additional 1,058 shares during the period. Strategic Advocates LLC bought a new position in PACS Group during the third quarter valued at about $60,000. Jones Financial Companies Lllp acquired a new position in PACS Group in the 1st quarter valued at approximately $64,000. State of Alaska Department of Revenue bought a new stake in shares of PACS Group in the 3rd quarter worth approximately $69,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of PACS Group by 289.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,166 shares of the company's stock worth $80,000 after purchasing an additional 4,581 shares in the last quarter.
About PACS Group
(
Get Free Report)
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.
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