PACS Group (NYSE:PACS) Director Purchases $500,047.60 in Stock

PACS Group, Inc. (NYSE:PACS) Director Evelyn Dilsaver acquired 16,724 shares of the stock in a transaction dated Monday, November 24th. The shares were bought at an average price of $29.90 per share, with a total value of $500,047.60. Following the completion of the purchase, the director directly owned 22,739 shares of the company’s stock, valued at approximately $679,896.10. This trade represents a 278.04% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

PACS Group Stock Performance

NYSE PACS traded up $0.28 on Wednesday, reaching $32.06. 1,279,098 shares of the company’s stock traded hands, compared to its average volume of 840,967. PACS Group, Inc. has a fifty-two week low of $7.50 and a fifty-two week high of $32.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 30.53 and a beta of 1.05. The stock has a 50 day moving average price of $14.11 and a 200-day moving average price of $12.33.

PACS Group (NYSE:PACS) last posted its earnings results on Wednesday, November 19th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.14). The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.11 billion. PACS Group had a net margin of 3.29% and a return on equity of 21.39%. PACS Group has set its FY 2025 guidance at EPS. Equities research analysts predict that PACS Group, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PACS shares. Wall Street Zen upgraded shares of PACS Group from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada boosted their price objective on shares of PACS Group from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Finally, Weiss Ratings raised shares of PACS Group from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, November 20th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.75.

Institutional Investors Weigh In On PACS Group

A number of hedge funds and other institutional investors have recently modified their holdings of PACS. Bank of New York Mellon Corp lifted its position in shares of PACS Group by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 172,649 shares of the company’s stock worth $1,941,000 after buying an additional 2,890 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in PACS Group during the 1st quarter worth $4,238,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in PACS Group by 19.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,078 shares of the company’s stock worth $282,000 after acquiring an additional 4,100 shares in the last quarter. Mackenzie Financial Corp lifted its position in PACS Group by 8.4% in the first quarter. Mackenzie Financial Corp now owns 34,153 shares of the company’s stock valued at $384,000 after acquiring an additional 2,656 shares during the last quarter. Finally, Nuveen LLC acquired a new position in PACS Group in the first quarter valued at $1,918,000.

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.