PACS Group (NYSE:PACS) CEO Jason Hulse Murray Sells 24,057 Shares

PACS Group, Inc. (NYSE:PACS) CEO Jason Murray sold 24,057 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $43.49, for a total transaction of $1,046,238.93. Following the transaction, the chief executive officer directly owned 54,579,624 shares of the company’s stock, valued at approximately $2,373,667,847.76. This trade represents a 0.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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, September 9th, Jason Murray sold 4,758 shares of PACS Group stock. The stock was sold at an average price of $43.33, for a total transaction of $206,164.14.
• On Friday, September 4th, Jason Murray sold 23,072 shares of PACS Group stock. The shares were sold at an average price of $42.69, for a total transaction of $984,943.68.
• On Thursday, September 3rd, Jason Murray sold 20,173 shares of PACS Group stock. The shares were sold at an average price of $42.56, for a total transaction of $858,562.88.
• On Wednesday, September 2nd, Jason Murray sold 23,783 shares of PACS Group stock. The shares were sold at an average price of $42.94, for a total transaction of $1,021,242.02.
• On Tuesday, September 1st, Jason Murray sold 24,157 shares of PACS Group stock. The shares were sold at an average price of $42.39, for a total value of $1,024,015.23.
• On Friday, August 21st, Jason Murray sold 59,244 shares of PACS Group stock. The stock was sold at an average price of $43.90, for a total value of $2,600,811.60.
• On Thursday, August 20th, Jason Murray sold 91,306 shares of PACS Group stock. The stock was sold at an average price of $43.92, for a total value of $4,010,159.52.
• On Wednesday, August 19th, Jason Murray sold 84,717 shares of PACS Group stock. The shares were sold at an average price of $44.26, for a total value of $3,749,574.42.
• On Tuesday, August 18th, Jason Murray sold 66,797 shares of PACS Group stock. The stock was sold at an average price of $44.18, for a total value of $2,951,091.46.
• On Monday, August 17th, Jason Murray sold 84,602 shares of PACS Group stock. The stock was sold at an average price of $44.16, for a total value of $3,736,024.32.

PACS Group Price Performance

Shares of NYSE PACS opened at $44.59 on Thursday. PACS Group, Inc. has a fifty-two week low of $7.62 and a fifty-two week high of $49.49. The firm’s 50-day simple moving average is $44.74 and its 200 day simple moving average is $39.01. 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 stock has a market cap of $7.06 billion, a P/E ratio of 25.92, a P/E/G ratio of 1.23 and a beta of -0.13.

PACS Group (NYSE:PACS) last announced its earnings results on Tuesday, August 4th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.09. The firm had revenue of $1.43 billion during 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 expect that PACS Group, Inc. will post 2.36 EPS for the current year.

Institutional Investors Weigh In On PACS Group

Several large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new stake in shares of PACS Group during the first quarter worth $198,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in PACS Group by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,280 shares of the company’s stock worth $262,000 after purchasing an additional 1,443 shares in the last quarter. Millennium Management LLC increased its stake in PACS Group by 68.3% in the 1st quarter. Millennium Management LLC now owns 859,295 shares of the company’s stock worth $9,658,000 after purchasing an additional 348,743 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in PACS Group during the 1st quarter worth about $64,000. Finally, Caxton Associates LLP purchased a new stake in PACS Group during the first quarter valued at about $163,000.

Wall Street Analysts Forecast Growth

PACS has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of PACS Group from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen cut PACS Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Zacks Research raised PACS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Truist Financial set a $62.00 price objective on PACS Group in a report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. lifted their target price on PACS Group from $47.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $58.80.

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.