Royal Bank of Canada started coverage on shares of PACS Group (NYSE:PACS – Free Report) in a research note released on Monday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $30.00 target price on the stock.
PACS Group Stock Performance
Shares of PACS Group stock opened at $24.67 on Monday. PACS Group has a twelve month low of $22.61 and a twelve month high of $25.72.
Insider Activity
In other PACS Group news, CEO Jason Hulse Murray sold 1,607,142 shares of the firm’s 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 sale, the chief executive officer now owns 62,754,551 shares in the company, valued at approximately $1,317,845,571. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
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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