PACS Group, Inc. (NYSE:PACS - Get Free Report) COO Joshua Jergensen sold 36,335 shares of the business's stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $34.28, for a total transaction of $1,245,563.80. Following the completion of the sale, the chief operating officer owned 2,667,347 shares of the company's stock, valued at approximately $91,436,655.16. This represents a 1.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
PACS Group Price Performance
Shares of PACS opened at $35.69 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50 day moving average price of $37.39 and a 200-day moving average price of $26.43. PACS Group, Inc. has a fifty-two week low of $7.50 and a fifty-two week high of $43.08. The stock has a market capitalization of $5.61 billion, a PE ratio of 29.02, a PEG ratio of 1.12 and a beta of -0.63.
Hedge Funds Weigh In On PACS Group
Large investors have recently made changes to their positions in the business. Corient Private Wealth LLC lifted its holdings in shares of PACS Group by 29.7% during the 4th quarter. Corient Private Wealth LLC now owns 170,052 shares of the company's stock valued at $6,528,000 after purchasing an additional 38,956 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in PACS Group during the 4th quarter worth $89,000. Invesco Ltd. increased its position in PACS Group by 685.4% during the 4th quarter. Invesco Ltd. now owns 191,788 shares of the company's stock valued at $7,363,000 after buying an additional 167,368 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in PACS Group during the 4th quarter valued at about $347,000. Finally, Janus Henderson Group PLC raised its stake in PACS Group by 914.5% in the fourth quarter. Janus Henderson Group PLC now owns 214,070 shares of the company's stock valued at $8,219,000 after buying an additional 192,970 shares during the last quarter.
Analysts Set New Price Targets
A number of research firms have weighed in on PACS. Weiss Ratings restated a "hold (c-)" rating on shares of PACS Group in a report on Monday, December 22nd. Royal Bank Of Canada boosted their price target on PACS Group from $47.00 to $52.00 and gave the stock an "outperform" rating in a research report on Friday, February 27th. JPMorgan Chase & Co. began coverage on PACS Group in a research note on Wednesday, December 17th. They set an "overweight" rating and a $44.00 price objective for the company. Zacks Research raised PACS Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 4th. Finally, Truist Financial set a $40.00 target price on PACS Group in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $44.40.
Check Out Our Latest Report on PACS Group
PACS Group Company Profile
(
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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