PACS Group, Inc. (NYSE:PACS – Get Free Report) CEO Jason Hulse Murray sold 66,797 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $44.18, for a total value of $2,951,091.46. Following the completion of the transaction, the chief executive officer directly owned 54,930,133 shares in the company, valued at approximately $2,426,813,275.94. This trade represents a 0.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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, August 19th, Jason Hulse Murray sold 84,717 shares of PACS Group stock. The stock was sold at an average price of $44.26, for a total value of $3,749,574.42.
- On Monday, August 17th, Jason Hulse Murray sold 84,602 shares of PACS Group stock. The shares were sold at an average price of $44.16, for a total value of $3,736,024.32.
PACS Group Trading Up 1.3%
NYSE PACS opened at $44.13 on Friday. PACS Group, Inc. has a 12 month low of $7.50 and a 12 month high of $49.49. The stock has a 50-day simple moving average of $43.54 and a 200 day simple moving average of $38.52. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $6.98 billion, a PE ratio of 25.66, a P/E/G ratio of 1.23 and a beta of -0.08.
Analyst Ratings Changes
Several research analysts recently weighed in on PACS shares. Truist Financial lifted their price objective on shares of PACS Group from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada upped their target price on shares of PACS Group from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Wall Street Zen lowered shares of PACS Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research raised shares of PACS Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, Weiss Ratings lowered shares of PACS Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $56.00.
View Our Latest Analysis on PACS
Institutional Investors Weigh In On PACS Group
Several large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of PACS Group by 14.4% during the 4th quarter. Vanguard Group Inc. now owns 4,506,227 shares of the company’s stock valued at $172,994,000 after purchasing an additional 566,502 shares in the last quarter. Principal Financial Group Inc. bought a new stake in PACS Group during the 1st quarter worth approximately $3,171,000. Maven Securities LTD bought a new stake in PACS Group during the 4th quarter worth approximately $960,000. Smith Group Asset Management LLC bought a new stake in PACS Group during the 1st quarter worth approximately $771,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in PACS Group during the 1st quarter worth approximately $6,762,000.
About PACS Group
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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