Militia Capital Partners LP Acquires New Stake in PACS Group, Inc. $PACS

Militia Capital Partners LP acquired a new stake in shares of PACS Group, Inc. (NYSE:PACS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 14,100 shares of the company’s stock, valued at approximately $541,000.

A number of other large investors also recently bought and sold shares of the business. Larson Financial Group LLC boosted its holdings 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 during the period. Hollencrest Capital Management purchased a new position in PACS Group during the 4th quarter valued at $27,000. Strategic Advocates LLC boosted its holdings in PACS Group by 18.5% during the 4th quarter. Strategic Advocates LLC now owns 5,182 shares of the company’s stock valued at $203,000 after acquiring an additional 808 shares during the period. Quarry LP boosted its holdings 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 during the period. Finally, Mariner LLC boosted its holdings in PACS Group by 5.5% during the 4th quarter. Mariner LLC now owns 26,319 shares of the company’s stock valued at $1,012,000 after acquiring an additional 1,379 shares during the period.

Insider Buying and Selling at PACS Group

In other PACS Group news, insider John Todd Mitchell sold 27,389 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $37.16, for a total value of $1,017,775.24. Following the completion of the sale, the insider directly owned 803,566 shares in the company, valued at approximately $29,860,512.56. This represents a 3.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 70.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of PACS Group in a report on Friday, March 27th. Oppenheimer boosted their price objective on PACS Group from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Zacks Research cut PACS Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Royal Bank Of Canada boosted their price objective on PACS Group from $47.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Finally, Wall Street Zen upgraded PACS Group from a “buy” rating to a “strong-buy” rating in a report on Monday. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

PACS Group Price Performance

Shares of PACS stock opened at $35.81 on Wednesday. PACS Group, Inc. has a twelve month low of $7.50 and a twelve month high of $43.08. The stock has a market capitalization of $5.67 billion and a price-to-earnings ratio of 22.96. The stock has a fifty day simple moving average of $35.74 and a two-hundred day simple moving average of $35.93. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.27.

PACS Group (NYSE:PACS) last issued its earnings results on Monday, May 11th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.08. PACS Group had a return on equity of 26.47% and a net margin of 4.49%.The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.36 billion. On average, analysts predict that PACS Group, Inc. will post 2.19 EPS for the current fiscal year.

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.