PACS Group, Inc. (NYSE:PACS – Get Free Report) CAO Michelle Renee Lewis sold 6,663 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $45.03, for a total value of $300,034.89. Following the completion of the transaction, the chief accounting officer directly owned 359,475 shares in the company, valued at $16,187,159.25. This trade represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michelle Renee Lewis also recently made the following trade(s):
- On Monday, July 6th, Michelle Renee Lewis sold 4,137 shares of PACS Group stock. The stock was sold at an average price of $45.04, for a total value of $186,330.48.
- On Wednesday, July 1st, Michelle Renee Lewis sold 4,200 shares of PACS Group stock. The stock was sold at an average price of $45.01, for a total value of $189,042.00.
- On Thursday, June 25th, Michelle Renee Lewis sold 15,000 shares of PACS Group stock. The shares were sold at an average price of $40.01, for a total value of $600,150.00.
PACS Group Stock Performance
Shares of NYSE:PACS opened at $43.93 on Thursday. The company has a market cap of $6.95 billion, a P/E ratio of 28.16, a PEG ratio of 1.30 and a beta of -0.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.99 and a current ratio of 0.99. PACS Group, Inc. has a one year low of $7.50 and a one year high of $45.89. The business’s 50-day simple moving average is $37.72 and its 200 day simple moving average is $36.84.
Wall Street Analysts Forecast Growth
PACS has been the topic of several analyst reports. Truist Financial lifted their price target on shares of PACS Group from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Wall Street Zen raised PACS Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 15th. Zacks Research cut PACS Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Weiss Ratings restated a “hold (c)” rating on shares of PACS Group in a research note on Wednesday, June 24th. Finally, UBS Group lifted their price objective on PACS Group from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.60.
View Our Latest Stock Report on PACS
Hedge Funds Weigh In On PACS Group
Several large investors have recently modified their holdings of PACS. Cubist Systematic Strategies LLC acquired a new position in PACS Group in the first quarter worth about $198,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in PACS Group by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,280 shares of the company’s stock valued at $262,000 after buying an additional 1,443 shares in the last quarter. Millennium Management LLC lifted its holdings in PACS Group by 68.3% during the 1st 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 bought a new position in PACS Group during the 1st quarter worth approximately $64,000. Finally, Caxton Associates LLP acquired a new position in shares of PACS Group in the 1st quarter worth approximately $163,000.
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.
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