PACS Group, Inc. (NYSE:PACS - Get Free Report) CEO Jason Murray sold 13,696 shares of the stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $47.55, for a total transaction of $651,244.80. Following the transaction, the chief executive officer directly owned 54,257,117 shares in the company, valued at $2,579,925,913.35. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 23rd, Jason Murray sold 68,917 shares of PACS Group stock. The shares were sold at an average price of $48.60, for a total value of $3,349,366.20.
- On Wednesday, October 21st, Jason Murray sold 6,610 shares of PACS Group stock. The shares were sold at an average price of $47.62, for a total transaction 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 transaction of $77,063.40.
- On Friday, October 16th, Jason Murray sold 8,462 shares of PACS Group stock. The shares were sold at an average price of $47.61, for a total value of $402,875.82.
- On Thursday, October 15th, Jason Murray sold 110,035 shares of PACS Group stock. The stock was sold at an average price of $47.27, for a total transaction of $5,201,354.45.
- On Wednesday, October 14th, Jason Murray sold 232 shares of PACS Group stock. The shares were sold at an average price of $45.00, for a total value of $10,440.00.
- On Wednesday, October 7th, Jason Murray sold 717 shares of PACS Group stock. The shares were sold at an average price of $42.48, for a total value of $30,458.16.
- On Tuesday, October 6th, Jason Murray sold 35,975 shares of PACS Group stock. The shares were sold at an average price of $43.09, for a total value of $1,550,162.75.
- On Monday, October 5th, Jason Murray sold 24,224 shares of PACS Group stock. The stock was sold at an average price of $42.66, for a total value of $1,033,395.84.
PACS Group Price Performance
PACS Group stock traded up $1.27 on Monday, reaching $48.91. The company's stock had a trading volume of 1,093,217 shares, compared to its average volume of 844,852. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.49 and a beta of -0.08. The business's fifty day moving average price is $43.85 and its 200 day moving average price is $39.65. PACS Group, Inc. has a twelve month low of $10.31 and a twelve month high of $49.78.
PACS Group (NYSE:PACS - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.09. PACS Group had a return on equity of 29.55% and a net margin of 4.85%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. Equities analysts expect that PACS Group, Inc. will post 2.13 earnings per share for the current fiscal year.
Hedge Funds Weigh In On PACS Group
Several hedge funds have recently added to or reduced their stakes in PACS. Peterson Wealth Services grew its holdings in PACS Group by 3.0% during the 3rd quarter. Peterson Wealth Services now owns 52,517 shares of the company's stock worth $2,182,000 after acquiring an additional 1,513 shares during the period. Simplicity Wealth LLC bought a new stake in shares of PACS Group during the 3rd quarter valued at $329,000. Sterling Capital Management LLC lifted its stake in shares of PACS Group by 19.3% in the 3rd quarter. Sterling Capital Management LLC now owns 8,569 shares of the company's stock valued at $356,000 after purchasing an additional 1,387 shares during the period. Inspire Investing LLC lifted its stake in shares of PACS Group by 11.0% in the 3rd quarter. Inspire Investing LLC now owns 67,630 shares of the company's stock valued at $2,810,000 after purchasing an additional 6,718 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of PACS Group in the 3rd quarter worth $1,920,000.
Analyst Ratings Changes
A number of equities research analysts have commented on PACS shares. Truist Financial set a $62.00 price objective on shares of PACS Group in a report on Wednesday, September 2nd. 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 note on Friday, September 4th. Zacks Research lowered shares of PACS Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 9th. Wall Street Zen cut shares of PACS Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Oppenheimer increased their price target on shares of PACS Group from $48.00 to $57.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.80.
Check Out Our Latest Stock Analysis on PACS Group
About PACS Group
(
Get Free Report)
PACS Group, Inc is a U.S.-based healthcare services company that owns and operates post-acute care facilities. Its platform focuses primarily on skilled nursing and transitional care, serving patients who require rehabilitation, recovery support, long-term care, and other services following hospitalization or acute medical treatment.
The company's operations also include assisted living, independent living, and behavioral health services in select locations. Through its facilities and related healthcare capabilities, PACS Group provides services such as nursing care, physical and occupational therapy, speech therapy, medical treatment, and support for patients with complex or extended care needs.
Founded in 2013 and headquartered in Farmington, Utah, PACS Group serves communities across multiple U.S.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider PACS Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PACS Group wasn't on the list.
While PACS Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Like this article? Share it with a colleague.
Link copied to clipboard.
