PACS Group (NYSE:PACS) CEO Jason Hulse Murray Sells 66,797 Shares of Stock

PACS Group, Inc. (NYSE:PACS) CEO Jason Hulse Murray sold 66,797 shares of PACS Group stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $44.18, for a total value of $2,951,091.46. Following the completion of the sale, the chief executive officer directly owned 54,930,133 shares of the company’s stock, valued at approximately $2,426,813,275.94. This trade represents a 0.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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, August 19th, Jason Hulse Murray sold 84,717 shares of PACS Group stock. The shares were sold at an average price of $44.26, for a total transaction of $3,749,574.42.
• On Monday, August 17th, Jason Hulse Murray sold 84,602 shares of PACS Group stock. The shares were sold at an average price of $44.16, for a total transaction of $3,736,024.32.

PACS Group Price Performance

Shares of NYSE:PACS opened at $44.24 on Thursday. The firm has a market capitalization of $7.00 billion, a PE ratio of 25.72, a P/E/G ratio of 1.24 and a beta of -0.08. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $43.20 and a two-hundred day moving average price of $38.41. PACS Group, Inc. has a twelve month low of $7.50 and a twelve month high of $49.49.

PACS Group (NYSE:PACS) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 4.85% and a return on equity of 29.55%. Equities analysts forecast that PACS Group, Inc. will post 2.36 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PACS. Hollencrest Capital Management purchased a new stake in shares of PACS Group in the fourth quarter worth $27,000. Financial Management Professionals Inc. grew its position in 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 buying an additional 235 shares in the last quarter. Quarry LP grew its position in PACS Group by 79.5% during the third quarter. Quarry LP now owns 2,388 shares of the company’s stock worth $33,000 after buying an additional 1,058 shares in the last quarter. Larson Financial Group LLC increased its stake in PACS Group by 127.0% in the 4th quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock worth $42,000 after acquiring an additional 612 shares during the last quarter. Finally, KBC Group NV purchased a new stake in shares of PACS Group in the 1st quarter valued at about $42,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PACS shares. Royal Bank Of Canada increased their target price on PACS Group from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Weiss Ratings cut PACS Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Zacks Research upgraded PACS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Wall Street Zen cut PACS Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Finally, UBS Group lifted their target price on PACS Group from $57.00 to $60.00 and gave the company a “buy” rating in a report 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 stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $56.00.

About PACS Group

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.