PACS Group, Inc. (NYSE:PACS – Get Free Report) CEO Jason Murray sold 19,235 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $50.64, for a total transaction of $974,060.40. Following the completion of the transaction, the chief executive officer owned 53,934,866 shares of the company’s stock, valued at approximately $2,731,261,614.24. This trade represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 stock was sold at an average price of $46.50, for a total transaction of $1,232,436.00.
- On Monday, November 2nd, Jason Murray sold 31,358 shares of PACS Group stock. The stock was sold at an average price of $46.02, for a total transaction of $1,443,095.16.
- On Thursday, October 29th, Jason Murray sold 1,904 shares of PACS Group stock. The stock was 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 shares were sold at an average price of $50.10, for a total value 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 value 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 value 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 value of $314,768.20.
- On Tuesday, October 20th, Jason Murray sold 37,477 shares of PACS Group stock. The stock was 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.
PACS Group Stock Performance
Shares of PACS stock opened at $50.12 on Thursday. The stock has a market capitalization of $7.96 billion, a PE ratio of 28.32, a PEG ratio of 1.60 and a beta of -0.14. The business’s 50 day simple moving average is $45.05 and its 200 day simple moving average is $40.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.80 and a quick ratio of 0.80. PACS Group, Inc. has a one year low of $10.31 and a one year high of $51.68.
PACS Group (NYSE:PACS – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.05. PACS Group had a return on equity of 31.98% and a net margin of 4.87%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. As a group, research analysts forecast that PACS Group, Inc. will post 2.05 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of PACS. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in PACS Group in the 3rd quarter valued at $1,920,000. Squarepoint Ops LLC lifted its stake in PACS Group by 94.7% during the 2nd quarter. Squarepoint Ops LLC now owns 59,523 shares of the company’s stock valued at $2,538,000 after acquiring an additional 28,945 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in PACS Group during the 2nd quarter worth $1,893,000. Engineers Gate Manager LP purchased a new position in PACS Group during the 2nd quarter worth $1,132,000. Finally, Smith Group Asset Management LLC purchased a new position in PACS Group during the 1st quarter worth $771,000.
Analyst Ratings Changes
Several research analysts have weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of PACS Group from $52.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Weiss Ratings upgraded shares of PACS Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, November 4th. JPMorgan Chase & Co. boosted their target price on shares of PACS Group from $47.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Oppenheimer upped their target price on shares of PACS Group from $48.00 to $57.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, UBS Group upped their target price on shares of PACS Group from $60.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, November 5th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.33.
Get Our Latest Stock Analysis on PACS
About PACS Group
PACS Group, Inc. is a post-acute healthcare provider that operates skilled nursing and rehabilitation facilities. Its services include nursing care, physical and occupational therapy, and support for patients recovering from illness or injury, as well as care for people with ongoing or long-term needs. Founded in 2013, the company has expanded its network of facilities across the United States. Its operations are organized through affiliated entities, with care and services tailored to the needs of residents and patients in the communities it serves.
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