PACS Group, Inc. (NYSE:PACS – Get Free Report) insider Mark Hancock sold 83,066 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $35.90, for a total value of $2,982,069.40. Following the completion of the sale, the insider directly owned 54,366,277 shares in the company, valued at approximately $1,951,749,344.30. This trade represents a 0.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mark Hancock also recently made the following trade(s):
- On Monday, June 15th, Mark Hancock sold 153,254 shares of PACS Group stock. The stock was sold at an average price of $36.34, for a total value of $5,569,250.36.
PACS Group Stock Performance
Shares of NYSE PACS traded down $0.54 during mid-day trading on Wednesday, hitting $35.35. The company had a trading volume of 610,743 shares, compared to its average volume of 925,067. The stock has a market cap of $5.60 billion and a price-to-earnings ratio of 22.66. PACS Group, Inc. has a 12 month low of $7.50 and a 12 month high of $43.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.99 and a quick ratio of 0.99. The firm’s 50 day simple moving average is $35.74 and its two-hundred day simple moving average is $35.93.
Institutional Trading of PACS Group
A number of hedge funds and other institutional investors have recently modified their holdings of PACS. Hollencrest Capital Management bought a new stake in shares of PACS Group in the 4th quarter worth $27,000. Quarry LP raised its stake in shares of PACS Group by 79.5% in the 3rd quarter. Quarry LP now owns 2,388 shares of the company’s stock worth $33,000 after buying an additional 1,058 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of PACS Group by 127.0% in the 4th quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock worth $42,000 after buying an additional 612 shares in the last quarter. KBC Group NV bought a new stake in shares of PACS Group in the 1st quarter worth $42,000. Finally, Western Wealth Management LLC bought a new stake in shares of PACS Group in the 1st quarter worth $48,000.
Analyst Upgrades and Downgrades
PACS has been the topic of several recent analyst reports. UBS Group lifted their target price on PACS Group from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Zacks Research downgraded PACS Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Royal Bank Of Canada lifted their target price on PACS Group from $47.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Wall Street Zen raised PACS Group from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, Truist Financial lifted their target price on PACS Group from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.
Read Our Latest Research Report on PACS
PACS Group Company Profile
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.
Featured Articles
- Five stocks we like better than PACS Group
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Receive News & Ratings for PACS Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACS Group and related companies with MarketBeat.com's FREE daily email newsletter.
