Royal Bank of Canada assumed coverage on shares of PACS Group (NYSE:PACS – Free Report) in a research note published on Monday, Marketbeat reports. The firm issued an outperform rating and a $30.00 price target on the stock.
PACS Group Stock Performance
PACS opened at $24.85 on Monday. PACS Group has a 12-month low of $22.61 and a 12-month high of $25.72.
Insider Buying and Selling
In other news, CEO Jason Hulse Murray sold 1,607,142 shares of PACS Group stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $21.00, for a total value of $33,749,982.00. Following the completion of the transaction, the chief executive officer now directly owns 62,754,551 shares of the company’s stock, valued at approximately $1,317,845,571. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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.
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