PACS Group, Inc. (NYSE:PACS) Given Consensus Rating of “Buy” by Analysts

PACS Group, Inc. (NYSE:PACS) has been given a consensus rating of “Buy” by the six ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $44.40.

A number of equities analysts have recently commented on PACS shares. Truist Financial set a $40.00 target price on shares of PACS Group in a research report on Friday, December 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PACS Group in a report on Monday, December 22nd. Wall Street Zen upgraded PACS Group from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. UBS Group lifted their target price on PACS Group from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. assumed coverage on PACS Group in a report on Wednesday, December 17th. They issued an “overweight” rating and a $44.00 target price for the company.

PACS Group Trading Down 0.9%

Shares of PACS opened at $32.33 on Friday. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 1.04 and a beta of -0.64. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.07 and a quick ratio of 1.07. PACS Group has a 1-year low of $7.50 and a 1-year high of $43.08. The company has a 50-day moving average of $36.38 and a 200 day moving average of $27.31.

Insider Buying and Selling at PACS Group

In related news, COO Joshua Jergensen sold 36,335 shares of PACS Group stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $34.28, for a total value of $1,245,563.80. Following the completion of the sale, the chief operating officer directly owned 2,667,347 shares in the company, valued at $91,436,655.16. The trade was a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 70.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management bought a new stake in shares of PACS Group in the 4th quarter valued at about $27,000. Quarry LP boosted its stake in shares of PACS Group by 79.5% during the third quarter. Quarry LP now owns 2,388 shares of the company’s stock valued at $33,000 after purchasing an additional 1,058 shares in the last quarter. Larson Financial Group LLC increased its holdings in PACS Group by 127.0% during the fourth quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock valued at $42,000 after buying an additional 612 shares during the period. Strategic Advocates LLC bought a new position in PACS Group in the third quarter worth approximately $60,000. Finally, Jones Financial Companies Lllp bought a new position in PACS Group in the first quarter worth approximately $64,000.

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.