PACS Group, Inc. (NYSE:PACS – Get Free Report) Director Mark Hancock sold 9,024 shares of the firm’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $50.10, for a total value of $452,102.40. Following the sale, the director directly owned 53,509,860 shares in the company, valued at $2,680,843,986. The trade was a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mark Hancock also recently made the following trade(s):
- On Thursday, October 29th, Mark Hancock sold 4,280 shares of PACS Group stock. The shares were sold at an average price of $50.02, for a total transaction of $214,085.60.
- On Tuesday, September 15th, Mark Hancock sold 155,682 shares of PACS Group stock. The stock was sold at an average price of $42.47, for a total transaction of $6,611,814.54.
- On Monday, September 14th, Mark Hancock sold 144,318 shares of PACS Group stock. The stock was sold at an average price of $44.57, for a total value of $6,432,253.26.
PACS Group Stock Down 3.9%
Shares of NYSE PACS traded down $1.92 during midday trading on Friday, reaching $47.76. The company’s stock had a trading volume of 591,191 shares, compared to its average volume of 824,846. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. PACS Group, Inc. has a fifty-two week low of $10.31 and a fifty-two week high of $50.38. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 1.55 and a beta of -0.08. The stock has a 50 day simple moving average of $44.21 and a 200-day simple moving average of $39.79.
PACS Group (NYSE:PACS – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.09. PACS Group had a return on equity of 29.55% and a net margin of 4.85%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Equities research analysts predict that PACS Group, Inc. will post 2.13 earnings per share for the current year.
Hedge Funds Weigh In On PACS Group
A number of institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC lifted its position in shares of PACS Group by 94.7% in the second quarter. Squarepoint Ops LLC now owns 59,523 shares of the company’s stock valued at $2,538,000 after buying an additional 28,945 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of PACS Group during the 3rd quarter worth approximately $1,920,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of PACS Group during the 2nd quarter worth approximately $1,893,000. Engineers Gate Manager LP acquired a new position in shares of PACS Group during the 2nd quarter worth approximately $1,132,000. Finally, Smith Group Asset Management LLC acquired a new position in shares of PACS Group during the 1st quarter worth approximately $771,000.
Analyst Ratings Changes
Several research analysts have weighed in on PACS shares. UBS Group boosted their price target on PACS Group from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research cut shares of PACS Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 9th. Weiss Ratings upgraded shares of PACS Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. upped their price target on shares of PACS Group from $47.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Finally, Wall Street Zen cut shares of PACS Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, PACS Group currently has an average rating of “Moderate Buy” and a consensus price target of $58.80.
Check Out Our Latest Research Report on PACS Group
About PACS Group
PACS Group, Inc is a U.S.-based healthcare services company that owns and operates post-acute care facilities. Its platform focuses primarily on skilled nursing and transitional care, serving patients who require rehabilitation, recovery support, long-term care, and other services following hospitalization or acute medical treatment.
The company’s operations also include assisted living, independent living, and behavioral health services in select locations. Through its facilities and related healthcare capabilities, PACS Group provides services such as nursing care, physical and occupational therapy, speech therapy, medical treatment, and support for patients with complex or extended care needs.
Founded in 2013 and headquartered in Farmington, Utah, PACS Group serves communities across multiple U.S.
Featured Articles
- Five stocks we like better than PACS Group
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Receive News & Ratings for PACS Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACS Group and related companies with MarketBeat.com's FREE daily email newsletter.
