Insider Selling: PACS Group (NYSE:PACS) CAO Sells $158,790.32 in Stock

PACS Group, Inc. (NYSE:PACS – Get Free Report) CAO Michelle Lewis sold 3,172 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $50.06, for a total transaction of $158,790.32. Following the transaction, the chief accounting officer directly owned 340,338 shares of the company’s stock, valued at $17,037,320.28. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michelle Renee Lewis also recently made the following trade(s):

  • On Thursday, October 29th, Michelle Lewis sold 2,364 shares of PACS Group stock. The shares were sold at an average price of $50.04, for a total transaction of $118,294.56.
  • On Wednesday, October 28th, Michelle Lewis sold 9,464 shares of PACS Group stock. The stock was sold at an average price of $50.12, for a total transaction of $474,335.68.

PACS Group Stock Performance

PACS stock traded up $3.95 on Wednesday, hitting $50.63. The company had a trading volume of 1,790,293 shares, compared to its average volume of 895,995. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. PACS Group, Inc. has a 12-month low of $10.31 and a 12-month high of $51.68. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.42 and a beta of -0.14. The stock’s 50-day simple moving average is $44.29 and its 200 day simple moving average is $39.85.

PACS Group (NYSE:PACS – Get Free Report) last announced its earnings results on Tuesday, November 3rd. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. PACS Group had a net margin of 4.85% and a return on equity of 29.55%. As a group, equities research analysts expect that PACS Group, Inc. will post 2.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PACS has been the subject of several research analyst reports. Zacks Research lowered PACS Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 9th. UBS Group upped their price objective on PACS Group from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Truist Financial set a $62.00 target price on PACS Group in a report on Wednesday, September 2nd. Wall Street Zen cut PACS Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. raised their target price on PACS Group from $47.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, PACS Group has a consensus rating of “Moderate Buy” and a consensus price target of $58.80.

Read Our Latest Analysis on PACS Group

Institutional Trading of PACS Group

Several large investors have recently added to or reduced their stakes in PACS. Financial Management Professionals Inc. increased its holdings in PACS Group by 54.9% during the second quarter. Financial Management Professionals Inc. now owns 663 shares of the company’s stock valued at $28,000 after buying an additional 235 shares during the last quarter. GK Wealth Management LLC bought a new position in PACS Group in the third quarter worth approximately $41,000. USA Financial Formulas bought a new position in PACS Group in the third quarter worth approximately $46,000. KBC Group NV purchased a new position in shares of PACS Group during the 1st quarter worth $42,000. Finally, Western Wealth Management LLC purchased a new position in shares of PACS Group during the 1st quarter worth $48,000.

Key PACS Group News

Here are the key news stories impacting PACS Group this week:

PACS Group Company Profile

(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.

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Insider Buying and Selling by Quarter for PACS Group (NYSE:PACS)

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