PACS Group (NYSE:PACS) CEO Sells $95,295.20 in Stock

Key Points

  • Director Mark Hancock sold 4,280 PACS Group shares for approximately $214,086 at an average price of $50.02, reducing his ownership by just 0.01%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
  • PACS Group recently reported quarterly earnings of $0.63 per share, beating estimates of $0.54, while revenue of $1.43 billion also exceeded expectations. The stock was trading near its 52-week high, with a consensus analyst rating of “Moderate Buy” and an average price target of $58.80.
  • Additional insider sales and a shareholder-law-firm litigation alert may add volatility, although the insider transactions were scheduled and executives retain substantial holdings. Institutional investors, including Dimensional Fund Advisors, have also increased their positions.

PACS Group, Inc. (NYSE:PACS - Get Free Report) CEO Jason Murray sold 1,904 shares of the company's stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $50.05, for a total value of $95,295.20. Following the sale, the chief executive officer owned 54,179,397 shares of the company's stock, valued at approximately $2,711,678,819.85. This trade represents a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 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 value 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 value 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 value 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 stock was 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.
  • On Friday, October 16th, Jason Murray sold 8,462 shares of PACS Group stock. The stock was 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 shares were 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 shares were sold at an average price of $42.48, for a total transaction of $30,458.16.

PACS Group Stock Down 3.9%




Shares of PACS stock opened at $47.76 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. PACS Group, Inc. has a 12 month low of $10.31 and a 12 month high of $50.38. The stock has a market cap of $7.56 billion, a P/E ratio of 27.77, a P/E/G ratio of 1.55 and a beta of -0.08. The company has a 50 day simple moving average of $44.21 and a two-hundred day simple moving average of $39.79.

PACS Group (NYSE:PACS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.09. PACS Group had a net margin of 4.85% and a return on equity of 29.55%. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.41 billion. On average, research analysts expect that PACS Group, Inc. will post 2.13 earnings per share for the current year.

More PACS Group News

Here are the key news stories impacting PACS Group this week:

  • Neutral Sentiment: CEO Jason Murray, Director Mark Hancock, and Chief Accounting Officer Michelle Lewis collectively sold approximately 33,935 shares for about $1.70 million at prices near $50 per share. However, the transactions were executed under pre-arranged 10b5-1 plans, and the executives continue to hold substantial positions. The sales therefore appear more consistent with scheduled diversification or liquidity needs than a clear indication of weakening confidence. Mark Hancock insider-trading filing Jason Murray insider-trading filing Michelle Lewis insider-trading filing
  • Negative Sentiment: A shareholder-focused law firm issued an alert encouraging PACS investors to contact the Shareholders Foundation regarding a potential lawsuit. The notice provides no confirmed allegations or details about the case in the supplied report, so the immediate financial impact is uncertain, but litigation-related headlines can create additional volatility and concern around the stock. PACS shareholder lawsuit alert

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC increased its stake in PACS Group by 94.7% in the 2nd quarter. Squarepoint Ops LLC now owns 59,523 shares of the company's stock worth $2,538,000 after buying an additional 28,945 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in shares of PACS Group in the third quarter valued at about $1,920,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of PACS Group in the second quarter valued at about $1,893,000. Engineers Gate Manager LP purchased a new position in shares of PACS Group in the second quarter valued at about $1,132,000. Finally, Smith Group Asset Management LLC bought a new position in shares of PACS Group in the first quarter worth about $771,000.

Analyst Ratings Changes

Several research firms recently weighed in on PACS. Truist Financial set a $62.00 target price on PACS Group in a research report on Wednesday, September 2nd. Oppenheimer upped their price target on PACS Group from $48.00 to $57.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. Royal Bank Of Canada raised their price objective on PACS Group from $52.00 to $57.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. lifted their price objective on PACS Group from $47.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, September 4th. Finally, UBS Group boosted their price objective on PACS Group from $57.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $58.80.

Read Our Latest Report on PACS

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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