PACS Group, Inc. (NYSE:PACS – Get Free Report) CEO Jason Murray sold 33,032 shares of PACS Group stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $41.13, for a total transaction of $1,358,606.16. Following the completion of the transaction, the chief executive officer directly owned 54,522,217 shares in the company, valued at $2,242,498,785.21. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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, October 7th, Jason Murray sold 717 shares of PACS Group stock. The shares were sold at an average price of $42.48, for a total value of $30,458.16.
- On Tuesday, October 6th, Jason Murray sold 35,975 shares of PACS Group stock. The stock was sold at an average price of $43.09, for a total value of $1,550,162.75.
- On Monday, October 5th, Jason Murray sold 24,224 shares of PACS Group stock. The stock was sold at an average price of $42.66, for a total value of $1,033,395.84.
- On Friday, October 2nd, Jason Murray sold 26,052 shares of PACS Group stock. The stock was sold at an average price of $42.51, for a total value of $1,107,470.52.
- On Monday, September 14th, Jason Murray sold 317 shares of PACS Group stock. The shares were sold at an average price of $45.03, for a total value of $14,274.51.
- On Friday, September 11th, Jason Murray sold 10,529 shares of PACS Group stock. The shares were sold at an average price of $45.23, for a total value of $476,226.67.
- On Thursday, September 10th, Jason Murray sold 8,771 shares of PACS Group stock. The shares were sold at an average price of $45.16, for a total value of $396,098.36.
- On Wednesday, September 9th, Jason Murray sold 4,758 shares of PACS Group stock. The stock was sold at an average price of $43.33, for a total value of $206,164.14.
- On Tuesday, September 8th, Jason Murray sold 24,057 shares of PACS Group stock. The stock was sold at an average price of $43.49, for a total value of $1,046,238.93.
- On Friday, September 4th, Jason Murray sold 23,072 shares of PACS Group stock. The shares were sold at an average price of $42.69, for a total transaction of $984,943.68.
PACS Group Stock Performance
Shares of PACS Group stock opened at $43.02 on Thursday. The firm has a market capitalization of $6.81 billion, a P/E ratio of 25.01, a PEG ratio of 1.34 and a beta of -0.08. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average price of $43.74 and a 200 day moving average price of $39.87. PACS Group, Inc. has a 52 week low of $10.31 and a 52 week high of $49.49.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on PACS. Royal Bank Of Canada lifted their price target on PACS Group from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Weiss Ratings lowered PACS Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised their price objective on PACS Group from $47.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Truist Financial set a $62.00 target price on PACS Group in a report on Wednesday, September 2nd. Finally, Oppenheimer upped their target price on PACS Group from $48.00 to $57.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $58.80.
Get Our Latest Stock Report on PACS Group
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC increased its holdings in shares of PACS Group by 94.7% during the 2nd quarter. Squarepoint Ops LLC now owns 59,523 shares of the company’s stock valued at $2,538,000 after purchasing an additional 28,945 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of PACS Group in the 2nd quarter valued at $1,893,000. Engineers Gate Manager LP acquired a new position in shares of PACS Group in the 2nd quarter valued at $1,132,000. Smith Group Asset Management LLC purchased a new stake in PACS Group during the first quarter worth $771,000. Finally, Principal Financial Group Inc. purchased a new stake in PACS Group during the first quarter worth $3,171,000.
About PACS Group
PACS Group, Inc is a healthcare services company that operates skilled nursing and other post-acute care facilities in the United States. Its facilities provide services for patients who require medical care, rehabilitation, recovery support, or assistance with daily activities following hospitalization or other acute health events.
The company’s services generally include skilled nursing, physical and occupational therapy, speech therapy, long-term care, short-term rehabilitation, and other specialized post-acute programs.
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