PACS Group, Inc. (NYSE:PACS - Get Free Report) CEO Jason Hulse Murray sold 59,244 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $43.90, for a total transaction of $2,600,811.60. Following the sale, the chief executive officer owned 54,694,866 shares of the company's stock, valued at approximately $2,401,104,617.40. The trade was a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 Thursday, August 20th, Jason Hulse Murray sold 91,306 shares of PACS Group stock. The stock was sold at an average price of $43.92, for a total transaction of $4,010,159.52.
- On Wednesday, August 19th, Jason Hulse Murray sold 84,717 shares of PACS Group stock. The shares were sold at an average price of $44.26, for a total transaction of $3,749,574.42.
- On Tuesday, August 18th, Jason Hulse Murray sold 66,797 shares of PACS Group stock. The shares were sold at an average price of $44.18, for a total transaction of $2,951,091.46.
- On Monday, August 17th, Jason Hulse Murray sold 84,602 shares of PACS Group stock. The shares were sold at an average price of $44.16, for a total transaction of $3,736,024.32.
PACS Group Price Performance
PACS opened at $44.28 on Tuesday. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 1.25 and a beta of -0.08. PACS Group, Inc. has a fifty-two week low of $7.50 and a fifty-two week high of $49.49. The company's 50-day moving average price is $43.70 and its 200 day moving average price is $38.60. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.21.
PACS Group (NYSE:PACS - Get Free Report) last issued 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. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. PACS Group had a return on equity of 29.55% and a net margin of 4.85%. As a group, sell-side analysts expect that PACS Group, Inc. will post 2.36 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts have recently issued reports on PACS shares. Zacks Research raised shares of PACS Group from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Oppenheimer increased their price objective on shares of PACS Group from $48.00 to $57.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Weiss Ratings downgraded shares of PACS Group from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 5th. Truist Financial lifted their price objective on shares of PACS Group from $52.00 to $62.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, Wall Street Zen lowered shares of PACS Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, PACS Group presently has a consensus rating of "Buy" and an average price target of $56.00.
Read Our Latest Stock Analysis on PACS Group
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its stake in shares of PACS Group by 3,298.3% in the second quarter. California State Teachers Retirement System now owns 1,917,094 shares of the company's stock worth $81,745,000 after purchasing an additional 1,860,680 shares in the last quarter. AXQ Capital LP raised its stake in shares of PACS Group by 13.3% during the second quarter. AXQ Capital LP now owns 21,247 shares of the company's stock valued at $906,000 after purchasing an additional 2,502 shares in the last quarter. Nykredit A S bought a new stake in shares of PACS Group during the second quarter valued at about $95,000. Bank of New York Mellon Corp acquired a new stake in PACS Group in the second quarter worth about $8,196,000. Finally, Handelsbanken Fonder AB acquired a new stake in PACS Group in the second quarter worth about $567,000.
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.
Further Reading
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