Insider Selling: PACS Group (NYSE:PACS) CEO Sells $1,443,095.16 in Stock

PACS Group, Inc. (NYSE:PACS – Get Free Report) CEO Jason Murray sold 31,358 shares of PACS Group stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $46.02, for a total transaction of $1,443,095.16. Following the sale, the chief executive officer owned 54,148,039 shares of the company’s stock, valued at approximately $2,491,892,754.78. This trade represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, 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 Thursday, October 29th, Jason Murray sold 1,904 shares of PACS Group stock. The shares were 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 stock was 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 stock was 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 stock was 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 shares were sold at an average price of $47.65, for a total value of $1,785,779.05.
  • On Monday, October 19th, Jason Murray sold 1,620 shares of PACS Group stock. The shares were sold at an average price of $47.57, for a total value of $77,063.40.
  • On Friday, October 16th, Jason Murray sold 8,462 shares of PACS Group stock. The stock was sold at an average price of $47.61, for a total value of $402,875.82.

PACS Group Trading Up 8.5%

Shares of PACS Group stock traded up $3.95 during trading hours on Wednesday, reaching $50.63. 1,790,293 shares of the company’s stock were exchanged, compared to its average volume of 895,995. PACS Group, Inc. has a 52-week low of $10.31 and a 52-week high of $51.68. The company has a fifty day moving average of $44.29 and a 200-day moving average of $39.85. 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 firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 1.42 and a beta of -0.14.

PACS Group (NYSE:PACS – Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. PACS Group had a return on equity of 29.55% and a net margin of 4.85%. Sell-side analysts forecast that PACS Group, Inc. will post 2.13 EPS for the current fiscal year.

Institutional Trading of PACS Group

Several institutional investors have recently made changes to their positions in PACS. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in shares of PACS Group during the 3rd quarter worth $1,920,000. Squarepoint Ops LLC raised its position in shares of PACS Group by 94.7% in the 2nd quarter. Squarepoint Ops LLC now owns 59,523 shares of the company’s stock worth $2,538,000 after buying an additional 28,945 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of PACS Group in the 2nd quarter worth $1,893,000. Engineers Gate Manager LP acquired a new position in PACS Group in the second quarter valued at $1,132,000. Finally, Smith Group Asset Management LLC acquired a new position in PACS Group in the first quarter valued at $771,000.

Wall Street Analyst Weigh In

PACS has been the topic of a number of research analyst reports. Wall Street Zen lowered PACS Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. UBS Group lifted their price target on PACS Group from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Zacks Research downgraded shares of PACS Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 9th. Truist Financial set a $62.00 price objective on shares of PACS Group in a report on Wednesday, September 2nd. Finally, Weiss Ratings raised shares of PACS Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, PACS Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.80.

Check Out Our Latest Stock Analysis on PACS

Key Stories Impacting PACS Group

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About PACS Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for PACS Group (NYSE:PACS)

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