PACS Group, Inc. (NYSE:PACS – Get Free Report) CEO Jason Murray sold 19,235 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $50.64, for a total transaction of $974,060.40. Following the sale, the chief executive officer directly owned 53,934,866 shares in the company, valued at $2,731,261,614.24. The trade was a 0.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, November 4th, Jason Murray sold 167,434 shares of PACS Group stock. The shares were sold at an average price of $50.24, for a total transaction of $8,411,884.16.
- On Tuesday, November 3rd, Jason Murray sold 26,504 shares of PACS Group stock. The shares were sold at an average price of $46.50, for a total transaction of $1,232,436.00.
- On Monday, November 2nd, Jason Murray sold 31,358 shares of PACS Group stock. The shares were sold at an average price of $46.02, for a total transaction of $1,443,095.16.
- On Thursday, October 29th, Jason Murray sold 1,904 shares of PACS Group stock. The stock was sold at an average price of $50.05, for a total transaction of $95,295.20.
- On Wednesday, October 28th, Jason Murray sold 6,899 shares of PACS Group stock. The stock was sold at an average price of $50.10, for a total transaction of $345,639.90.
- On Friday, October 23rd, Jason Murray sold 68,917 shares of PACS Group stock. The shares were sold at an average price of $48.60, for a total transaction of $3,349,366.20.
- On Thursday, October 22nd, Jason Murray sold 13,696 shares of PACS Group stock. The shares were sold at an average price of $47.55, for a total transaction of $651,244.80.
- On Wednesday, October 21st, Jason Murray sold 6,610 shares of PACS Group stock. The shares were sold at an average price of $47.62, for a total transaction of $314,768.20.
- On Tuesday, October 20th, Jason Murray sold 37,477 shares of PACS Group stock. The stock was sold at an average price of $47.65, for a total transaction of $1,785,779.05.
- On Monday, October 19th, Jason Murray sold 1,620 shares of PACS Group stock. The stock was sold at an average price of $47.57, for a total transaction of $77,063.40.
PACS Group Trading Down 2.1%
PACS stock opened at $48.57 on Tuesday. The company’s 50-day simple moving average is $44.75 and its 200-day simple moving average is $40.09. The company has a quick ratio of 0.91, a current ratio of 0.80 and a debt-to-equity ratio of 0.22. PACS Group, Inc. has a 52-week low of $10.31 and a 52-week high of $51.68. The firm has a market cap of $7.71 billion, a P/E ratio of 22.95, a PEG ratio of 1.57 and a beta of -0.14.
PACS Group (NYSE:PACS – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. PACS Group had a return on equity of 31.98% and a net margin of 4.87%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. As a group, equities analysts forecast that PACS Group, Inc. will post 2.13 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in PACS Group by 370.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 780,159 shares of the company’s stock valued at $25,051,000 after buying an additional 614,250 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in PACS Group during the 2nd quarter worth approximately $8,196,000. Principal Financial Group Inc. purchased a new stake in PACS Group during the 1st quarter worth approximately $3,171,000. Arrowstreet Capital Limited Partnership increased its stake in PACS Group by 44.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 288,718 shares of the company’s stock worth $9,274,000 after buying an additional 89,067 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of PACS Group during the third quarter valued at approximately $1,920,000.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. UBS Group increased their price target on PACS Group from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. JPMorgan Chase & Co. boosted their price objective on PACS Group from $47.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Zacks Research cut PACS Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 9th. Oppenheimer upped their target price on PACS Group from $48.00 to $57.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada increased their target price on PACS Group from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.33.
Get Our Latest Stock Analysis on PACS
About PACS Group
PACS Group, Inc is a post-acute healthcare provider that operates skilled nursing and rehabilitation facilities. Its services include nursing care, physical and occupational therapy, and support for patients recovering from illness or injury, as well as care for people with ongoing or long-term needs.
Founded in 2013, the company has expanded its network of facilities across the United States. Its operations are organized through affiliated entities, with care and services tailored to the needs of residents and patients in the communities it serves.
PACS Group is led by co-founder and Chief Executive Officer Jason Murray.
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