Universal Beteiligungs und Servicegesellschaft mbH Has $7.45 Million Stake in PACS Group, Inc. $PACS

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH cut its stake in PACS Group by 43.1% in Q4 and now holds 189,723 shares (about 0.12% of the company) valued at approximately $7.45 million.
• COO Joshua Jergensen sold 36,335 shares on March 13 at an average price of $34.28 for about $1.25 million, trimming his ownership by 1.34% but still holding 2,667,347 shares; company insiders own 70.40% of PACS.
• Wall Street sentiment has turned positive with multiple upgrades and raised targets (e.g., RBC to $52), leaving PACS with an average analyst rating of Buy and an average price target of $44.40.

Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in PACS Group, Inc. (NYSE:PACS - Free Report) by 43.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,723 shares of the company's stock after selling 143,720 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.12% of PACS Group worth $7,449,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Quarry LP increased its holdings in PACS Group by 79.5% in the third quarter. Quarry LP now owns 2,388 shares of the company's stock valued at $33,000 after purchasing an additional 1,058 shares during the last quarter. Strategic Advocates LLC bought a new stake in shares of PACS Group in the third quarter worth about $60,000. State of Alaska Department of Revenue bought a new stake in shares of PACS Group in the third quarter worth about $69,000. Jones Financial Companies Lllp bought a new stake in shares of PACS Group in the first quarter worth about $64,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of PACS Group by 289.0% in the second quarter. Tower Research Capital LLC TRC now owns 6,166 shares of the company's stock worth $80,000 after acquiring an additional 4,581 shares in the last quarter.

Insider Buying and Selling

In related news, COO Joshua Jergensen sold 36,335 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $34.28, for a total transaction of $1,245,563.80. Following the completion of the transaction, the chief operating officer directly owned 2,667,347 shares of the company's stock, valued at approximately $91,436,655.16. This represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 70.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Oppenheimer increased their price target on PACS Group from $40.00 to $42.00 and gave the stock an "outperform" rating in a report on Wednesday, March 4th. Royal Bank Of Canada increased their price objective on PACS Group from $47.00 to $52.00 and gave the stock an "outperform" rating in a report on Friday, February 27th. Zacks Research upgraded PACS Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 4th. Wall Street Zen upgraded PACS Group from a "hold" rating to a "buy" rating in a report on Sunday, February 15th. Finally, UBS Group increased their price objective on PACS Group from $42.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $44.40.

PACS Group Stock Performance

Shares of NYSE PACS opened at $35.40 on Tuesday. The stock has a 50 day moving average price of $35.13 and a 200 day moving average price of $30.87. PACS Group, Inc. has a 52 week low of $7.50 and a 52 week high of $43.08. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $5.56 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 1.08 and a beta of 0.06.

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.

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