PACS Group (NYSE:PACS) CAO Michelle Renee Lewis Sells 15,000 Shares of Stock

PACS Group, Inc. (NYSE:PACSGet Free Report) CAO Michelle Renee Lewis sold 15,000 shares of PACS Group stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $40.01, for a total transaction of $600,150.00. Following the transaction, the chief accounting officer directly owned 370,338 shares in the company, valued at approximately $14,817,223.38. The trade was a 3.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

PACS Group Stock Up 2.7%

PACS Group stock traded up $1.11 during mid-day trading on Friday, reaching $41.79. 1,918,410 shares of the company were exchanged, compared to its average volume of 938,016. The business has a fifty day moving average of $36.26 and a 200 day moving average of $36.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $6.61 billion and a P/E ratio of 26.79. PACS Group, Inc. has a 12-month low of $7.50 and a 12-month high of $43.08.

PACS Group (NYSE:PACSGet Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.36 billion. PACS Group had a return on equity of 26.47% and a net margin of 4.49%. Research analysts anticipate that PACS Group, Inc. will post 2.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on PACS shares. UBS Group boosted their target price on shares of PACS Group from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Truist Financial raised their price target on shares of PACS Group from $50.00 to $52.00 and gave the company a “buy” rating in a report on Monday, May 18th. Wall Street Zen upgraded shares of PACS Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 15th. Oppenheimer raised their target price on shares of PACS Group from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Zacks Research lowered shares of PACS Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Five equities research 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 a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Check Out Our Latest Research Report on PACS

Institutional Trading of PACS Group

A number of institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new stake in PACS Group during the 1st quarter worth approximately $198,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of PACS Group by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,280 shares of the company’s stock worth $262,000 after buying an additional 1,443 shares during the last quarter. Millennium Management LLC raised its holdings in shares of PACS Group by 68.3% in the first quarter. Millennium Management LLC now owns 859,295 shares of the company’s stock worth $9,658,000 after buying an additional 348,743 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of PACS Group during the first quarter worth $64,000. Finally, Caxton Associates LLP acquired a new stake in shares of PACS Group during the first quarter worth $163,000.

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.

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Insider Buying and Selling by Quarter for PACS Group (NYSE:PACS)

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