PACS Group (NYSE:PACS) CEO Jason Hulse Murray Sells 24,157 Shares

PACS Group, Inc. (NYSE:PACS) CEO Jason Murray sold 24,157 shares of PACS Group stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $42.39, for a total transaction of $1,024,015.23. Following the sale, the chief executive officer directly owned 54,670,709 shares in the company, valued at $2,317,491,354.51. This trade represents a 0.04% 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 Thursday, September 3rd, Jason Murray sold 20,173 shares of PACS Group stock. The stock was sold at an average price of $42.56, for a total transaction of $858,562.88.
• On Wednesday, September 2nd, Jason Murray sold 23,783 shares of PACS Group stock. The shares were sold at an average price of $42.94, for a total transaction of $1,021,242.02.
• On Friday, August 21st, Jason Murray sold 59,244 shares of PACS Group stock. The shares were sold at an average price of $43.90, for a total value of $2,600,811.60.
• On Thursday, August 20th, Jason Murray sold 91,306 shares of PACS Group stock. The shares were sold at an average price of $43.92, for a total value of $4,010,159.52.
• On Wednesday, August 19th, Jason 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 Tuesday, August 18th, Jason Murray sold 66,797 shares of PACS Group stock. The stock was sold at an average price of $44.18, for a total value of $2,951,091.46.
• On Monday, August 17th, Jason Murray sold 84,602 shares of PACS Group stock. The stock was sold at an average price of $44.16, for a total value of $3,736,024.32.

PACS Group Trading Down 0.1%

Shares of PACS opened at $43.04 on Friday. PACS Group, Inc. has a one year low of $7.50 and a one year high of $49.49. The stock has a 50-day moving average price of $44.65 and a 200 day moving average price of $38.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $6.81 billion, a P/E ratio of 25.02, a P/E/G ratio of 1.22 and a beta of -0.13.

PACS Group (NYSE:PACS) last announced its earnings results on Tuesday, August 4th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.09. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 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 2.36 EPS for the current fiscal year.

Institutional Investors Weigh In On PACS Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. grew its position in shares of PACS Group by 54.9% during the second quarter. Financial Management Professionals Inc. now owns 663 shares of the company’s stock worth $28,000 after acquiring an additional 235 shares during the last quarter. Hollencrest Capital Management bought a new stake in PACS Group in the 4th quarter valued at about $27,000. Larson Financial Group LLC lifted its position in PACS Group by 127.0% in the 4th quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock valued at $42,000 after purchasing an additional 612 shares during the last quarter. KBC Group NV acquired a new position in PACS Group during the 1st quarter valued at about $42,000. Finally, Western Wealth Management LLC acquired a new position in PACS Group during the 1st quarter valued at about $48,000.

More PACS Group News

Here are the key news stories impacting PACS Group this week:

• Positive Sentiment: Florida expansion adds significant scale. PACS plans to acquire operations of 32 nursing facilities in Florida, giving the company a new regional presence and potentially expanding revenue and operating synergies. PACS Group To Acquire Operations Of 32 Florida Facilities
• Positive Sentiment: Eduro transaction advances. PACS has closed on 31 of 34 Eduro buildings, while the remaining facilities are expected to be addressed separately. The completed transactions increase PACS’s operating footprint and support its acquisition-led growth strategy. PACS Group to enter Florida with 32 facilities; closes on 31 of 34 Eduro buildings
• Positive Sentiment: Analyst commentary was supportive. UBS said the Florida deal supports PACS’s broader market-expansion strategy, reinforcing the view that the transaction could improve the company’s long-term growth prospects. PACS’ Florida Deal Supports Market Expansion, UBS Says
• Neutral Sentiment: CEO Jason Murray sold shares under a preset plan. Murray sold a combined 68,113 PACS shares for approximately $2.90 million across September 1–3. The sales reduced his ownership by only about 0.12%; because they were executed under a pre-arranged Rule 10b5-1 plan, they provide limited evidence of a change in his outlook. He continues to own roughly 54.6 million shares. PACS CEO Form 4 filing

Analyst Ratings Changes

PACS has been the topic of a number of research analyst reports. Zacks Research upgraded shares of PACS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Oppenheimer boosted their target price on shares of PACS Group from $48.00 to $57.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Truist Financial set a $62.00 target price on shares of PACS Group in a research note on Wednesday. Weiss Ratings cut shares of PACS Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Finally, UBS Group lifted their price target on PACS Group from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, PACS Group currently has an average rating of “Buy” and an average price target of $56.00.

PACS Group Company Profile

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.