PACS Group, Inc. $PACS Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its holdings in PACS Group, Inc. (NYSE:PACSFree Report) by 7.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 370,501 shares of the company’s stock after purchasing an additional 25,462 shares during the quarter. Sei Investments Co.’s holdings in PACS Group were worth $11,900,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Hollencrest Capital Management bought a new stake in shares of PACS Group during the fourth quarter valued at about $27,000. Quarry LP grew its position in PACS Group by 79.5% in the 3rd quarter. Quarry LP now owns 2,388 shares of the company’s stock valued at $33,000 after buying an additional 1,058 shares in the last quarter. Larson Financial Group LLC grew its position in PACS Group by 127.0% in the 4th quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock valued at $42,000 after buying an additional 612 shares in the last quarter. KBC Group NV acquired a new position in PACS Group during the 1st quarter valued at about $42,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of PACS Group during the 1st quarter worth about $64,000.

PACS Group Price Performance

NYSE PACS opened at $46.12 on Friday. The stock has a market capitalization of $7.30 billion, a P/E ratio of 29.56, a P/E/G ratio of 1.40 and a beta of -0.08. PACS Group, Inc. has a 1 year low of $7.50 and a 1 year high of $48.00. The business’s fifty day moving average is $40.94 and its two-hundred day moving average is $37.64. 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 (NYSE:PACSGet Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The company had revenue of $1.42 billion during 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%. On average, research analysts forecast that PACS Group, Inc. will post 2.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mark Hancock sold 4,966 shares of the stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $45.06, for a total value of $223,767.96. Following the completion of the transaction, the director owned 53,920,512 shares in the company, valued at $2,429,658,270.72. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michelle Renee Lewis sold 4,137 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $45.04, for a total value of $186,330.48. Following the completion of the transaction, the chief accounting officer owned 355,338 shares of the company’s stock, valued at $16,004,423.52. This trade represents a 1.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 796,524 shares of company stock worth $31,611,396 over the last ninety days. 70.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of PACS Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 15th. Zacks Research cut PACS Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Oppenheimer upped their target price on PACS Group from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. UBS Group increased their price target on PACS Group from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Finally, Truist Financial lifted their price target on PACS Group from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, PACS Group presently has a consensus rating of “Moderate Buy” and an average target price of $50.60.

Get Our Latest Stock Report on PACS

PACS Group Profile

(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.

See Also

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Institutional Ownership by Quarter for PACS Group (NYSE:PACS)

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