PACS Group, Inc. (NYSE:PACS - Get Free Report) CEO Jason Murray sold 1,620 shares of PACS Group stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $47.57, for a total transaction of $77,063.40. Following the sale, the chief executive officer directly owned 54,314,900 shares in the company, valued at $2,583,759,793. This trade represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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, October 21st, Jason Murray sold 6,610 shares of PACS Group stock. The stock was 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 Friday, October 16th, Jason Murray sold 8,462 shares of PACS Group stock. The shares were sold at an average price of $47.61, for a total transaction of $402,875.82.
- On Thursday, October 15th, Jason Murray sold 110,035 shares of PACS Group stock. The shares were sold at an average price of $47.27, for a total transaction of $5,201,354.45.
- On Wednesday, October 14th, Jason Murray sold 232 shares of PACS Group stock. The stock was sold at an average price of $45.00, for a total transaction of $10,440.00.
- On Wednesday, October 7th, Jason Murray sold 717 shares of PACS Group stock. The stock was sold at an average price of $42.48, for a total transaction of $30,458.16.
- On Tuesday, October 6th, Jason Murray sold 35,975 shares of PACS Group stock. The shares were sold at an average price of $43.09, for a total value of $1,550,162.75.
- On Monday, October 5th, Jason Murray sold 24,224 shares of PACS Group stock. The stock was sold at an average price of $42.66, for a total transaction of $1,033,395.84.
- On Friday, October 2nd, Jason Murray sold 26,052 shares of PACS Group stock. The stock was sold at an average price of $42.51, for a total transaction of $1,107,470.52.
- On Thursday, October 1st, Jason Murray sold 33,032 shares of PACS Group stock. The stock was sold at an average price of $41.13, for a total transaction of $1,358,606.16.
PACS Group Stock Performance
NYSE PACS opened at $46.69 on Thursday. The company has a market capitalization of $7.39 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 1.49 and a beta of -0.08. PACS Group, Inc. has a twelve month low of $10.31 and a twelve month high of $49.49. The stock has a fifty day simple moving average of $43.61 and a 200 day simple moving average of $40.80. 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 announced its earnings results on Tuesday, August 4th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.09. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. PACS Group had a return on equity of 29.55% and a net margin of 4.85%. Sell-side analysts expect that PACS Group, Inc. will post 2.13 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on PACS shares. Royal Bank Of Canada increased their price target on PACS Group from $52.00 to $57.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. UBS Group lifted their price objective on PACS Group from $57.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Truist Financial set a $62.00 target price on PACS Group in a report on Wednesday, September 2nd. Weiss Ratings upgraded PACS Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Finally, Wall Street Zen downgraded shares of PACS Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $58.80.
View Our Latest Analysis on PACS Group
Institutional Investors Weigh In On PACS Group
Several large investors have recently added to or reduced their stakes in PACS. Financial Management Professionals Inc. increased its holdings in PACS Group by 54.9% in the second quarter. Financial Management Professionals Inc. now owns 663 shares of the company's stock worth $28,000 after purchasing an additional 235 shares in the last quarter. GK Wealth Management LLC acquired a new position in PACS Group in the third quarter valued at approximately $41,000. USA Financial Formulas bought a new position in shares of PACS Group during the 3rd quarter worth approximately $46,000. KBC Group NV bought a new position in shares of PACS Group during the 1st quarter worth approximately $42,000. Finally, Western Wealth Management LLC bought a new position in shares of PACS Group during the 1st quarter worth approximately $48,000.
About PACS Group
(
Get Free Report)
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.
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