PACS Group, Inc. $PACS Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its position in PACS Group, Inc. (NYSE:PACS) by 90.1% during the first quarter, HoldingsChannel reports. The firm owned 21,100 shares of the company’s stock after selling 192,970 shares during the period. Janus Henderson Group PLC’s holdings in PACS Group were worth $678,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PACS. Hollencrest Capital Management acquired a new stake in shares of PACS Group in the fourth quarter valued at about $27,000. Quarry LP grew its stake in PACS Group by 79.5% during the 3rd quarter. Quarry LP now owns 2,388 shares of the company’s stock valued at $33,000 after acquiring an additional 1,058 shares in the last quarter. Larson Financial Group LLC grew its stake in PACS Group by 127.0% during the 4th quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock valued at $42,000 after acquiring an additional 612 shares in the last quarter. KBC Group NV acquired a new stake in PACS Group in the 1st quarter valued at about $42,000. Finally, Jones Financial Companies Lllp purchased a new position in PACS Group in the 1st quarter worth approximately $64,000.

PACS Group Trading Up 0.4%

Shares of PACS Group stock opened at $48.61 on Tuesday. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 1.45 and a beta of -0.08. PACS Group, Inc. has a fifty-two week low of $7.50 and a fifty-two week high of $49.49. 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 stock has a 50 day moving average of $42.00 and a 200 day moving average of $37.93.

PACS Group (NYSE:PACS) last posted its earnings results on Tuesday, August 4th. The company reported $0.63 EPS 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 for the quarter, compared to the consensus estimate of $1.41 billion. As a group, research analysts predict that PACS Group, Inc. will post 2.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

PACS has been the topic of several recent research reports. Wall Street Zen cut PACS Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings downgraded PACS Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada boosted their price objective on PACS Group from $52.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. UBS Group upped their target price on PACS Group from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. Finally, Zacks Research lowered PACS Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, PACS Group has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

Insider Transactions at PACS Group

In other PACS Group news, Director Mark Hancock sold 4,966 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $45.06, for a total value of $223,767.96. Following the transaction, the director owned 53,920,512 shares of the company’s stock, valued at $2,429,658,270.72. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michelle Renee Lewis sold 4,137 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $45.04, for a total transaction of $186,330.48. Following the transaction, the chief accounting officer directly owned 355,338 shares of the company’s stock, valued at approximately $16,004,423.52. This trade represents a 1.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 796,524 shares of company stock valued at $31,611,396 over the last three months. Corporate insiders own 70.10% of the company’s stock.

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.