PACS Group (NYSE:PACS) CEO Jason Hulse Murray Sells 24,224 Shares of Company Stock

PACS Group, Inc. (NYSE:PACS) CEO Jason Murray sold 24,224 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $42.66, for a total transaction of $1,033,395.84. Following the completion of the transaction, the chief executive officer directly owned 54,471,941 shares in the company, valued at approximately $2,323,773,003.06. The trade was a 0.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 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 Thursday, October 1st, Jason Murray sold 33,032 shares of PACS Group stock. The shares were sold at an average price of $41.13, for a total value of $1,358,606.16.
• On Monday, September 14th, Jason Murray sold 317 shares of PACS Group stock. The stock was 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 stock was 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 shares were 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 shares were 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 stock was sold at an average price of $42.69, for a total value of $984,943.68.
• 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.

PACS Group Price Performance

PACS Group stock traded down $0.11 during mid-day trading on Monday, hitting $42.74. 844,528 shares of the company traded hands, compared to its average volume of 900,159. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.91. PACS Group, Inc. has a one year low of $10.31 and a one year high of $49.49. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 1.34 and a beta of -0.08. The stock has a fifty day moving average price of $43.97 and a 200-day moving average price of $39.70.

PACS Group (NYSE:PACS) last posted 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 net margin of 4.85% and a return on equity of 29.55%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.41 billion. On average, equities analysts predict that PACS Group, Inc. will post 2.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PACS shares. Wall Street Zen cut PACS Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Oppenheimer boosted their target price on PACS Group from $48.00 to $57.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Zacks Research lowered PACS Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 9th. JPMorgan Chase & Co. increased their price target on shares of PACS Group from $47.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Finally, Royal Bank Of Canada lifted their price target on shares of PACS Group from $52.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, PACS Group presently has an average rating of “Moderate Buy” and a consensus target price of $58.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC grew its position in PACS Group by 94.7% during the 2nd quarter. Squarepoint Ops LLC now owns 59,523 shares of the company’s stock worth $2,538,000 after acquiring an additional 28,945 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in PACS Group in the 2nd quarter worth approximately $1,893,000. Engineers Gate Manager LP bought a new stake in PACS Group in the second quarter valued at approximately $1,132,000. Smith Group Asset Management LLC bought a new stake in PACS Group in the first quarter valued at approximately $771,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of PACS Group during the first quarter valued at approximately $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.