PACS Group (NYSE:PACS) Stock: Insider Jason Hulse Murray Sells 717 Shares

PACS Group, Inc. (NYSE:PACS) CEO Jason Murray sold 717 shares of the stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $42.48, for a total transaction of $30,458.16. Following the completion of the sale, the chief executive officer owned 54,435,249 shares of the company’s stock, valued at approximately $2,312,409,377.52. The trade was a 0.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jason Hulse Murray also recently made the following trade(s):

• On Tuesday, October 6th, Jason Murray sold 35,975 shares of PACS Group stock. The shares were sold at an average price of $43.09, for a total value of $1,550,162.75.
• On Monday, October 5th, Jason Murray sold 24,224 shares of PACS Group stock. The shares were sold at an average price of $42.66, for a total value of $1,033,395.84.
• On Friday, October 2nd, Jason Murray sold 26,052 shares of PACS Group stock. The shares were sold at an average price of $42.51, for a total value of $1,107,470.52.
• On Thursday, October 1st, Jason Murray sold 33,032 shares of PACS Group stock. The stock was sold at an average price of $41.13, for a total value of $1,358,606.16.
• On Monday, September 14th, Jason Murray sold 317 shares of PACS Group stock. The stock was sold at an average price of $45.03, for a total value of $14,274.51.
• On Friday, September 11th, Jason Murray sold 10,529 shares of PACS Group stock. The shares were sold at an average price of $45.23, for a total value of $476,226.67.
• On Thursday, September 10th, Jason Murray sold 8,771 shares of PACS Group stock. The shares were sold at an average price of $45.16, for a total value of $396,098.36.
• On Wednesday, September 9th, Jason Murray sold 4,758 shares of PACS Group stock. The shares were sold at an average price of $43.33, for a total value of $206,164.14.
• On Tuesday, September 8th, Jason Murray sold 24,057 shares of PACS Group stock. The stock was sold at an average price of $43.49, for a total value of $1,046,238.93.
• On Friday, September 4th, Jason Murray sold 23,072 shares of PACS Group stock. The stock was sold at an average price of $42.69, for a total transaction of $984,943.68.

PACS Group Stock Up 1.0%

PACS opened at $43.63 on Friday. The company has a market capitalization of $6.91 billion, a P/E ratio of 25.37, a P/E/G ratio of 1.35 and a beta of -0.08. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s fifty day moving average price is $43.67 and its two-hundred day moving average price is $39.94. PACS Group, Inc. has a fifty-two week low of $10.31 and a fifty-two week high of $49.49.

PACS Group (NYSE:PACS) last announced its quarterly earnings data 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. PACS Group had a net margin of 4.85% and a return on equity of 29.55%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. On average, analysts anticipate that PACS Group, Inc. will post 2.13 EPS for the current year.

Wall Street Analyst Weigh In

PACS has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their price objective on PACS Group from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Weiss Ratings cut PACS Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Zacks Research downgraded PACS Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 9th. Wall Street Zen lowered PACS Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, JPMorgan Chase & Co. upped their price target on PACS Group from $47.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.80.

Institutional Investors Weigh In On PACS Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Toth Financial Advisory Corp boosted its stake in PACS Group by 87.5% in the third quarter. Toth Financial Advisory Corp now owns 1,500 shares of the company’s stock worth $62,000 after purchasing an additional 700 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of PACS Group in the second quarter valued at $252,000. Engineers Gate Manager LP acquired a new stake in shares of PACS Group in the second quarter valued at $1,132,000. Integrated Wealth Concepts LLC bought a new position in shares of PACS Group in the second quarter valued at about $75,000. Finally, Squarepoint Ops LLC raised its holdings in shares of PACS Group by 94.7% in the second quarter. Squarepoint Ops LLC now owns 59,523 shares of the company’s stock valued at $2,538,000 after buying an additional 28,945 shares during the last quarter.

About PACS Group

PACS Group, Inc is a healthcare services company that operates skilled nursing and other post-acute care facilities in the United States. Its facilities provide services for patients who require medical care, rehabilitation, recovery support, or assistance with daily activities following hospitalization or other acute health events.

The company’s services generally include skilled nursing, physical and occupational therapy, speech therapy, long-term care, short-term rehabilitation, and other specialized post-acute programs.