PACS Group (PACS) reported second-quarter 2026 revenue of $1.43 billion, up 9.1% from the prior-year period. Net income was $76.3 million, compared with $51.0 million a year earlier, and diluted earnings per share was $0.47.
The company raised its full-year 2026 revenue guidance to $5.75 billion to $5.85 billion and increased adjusted EBITDA guidance to $640 million to $660 million. PACS said its portfolio comprised 344 healthcare operations across 17 states as of the release date.
- Second-quarter total revenue was $1.428 billion, compared with $1.309 billion in the prior-year quarter.
- Net income rose to $76.3 million from $51.0 million.
- Diluted EPS was $0.47, compared with $0.31 a year earlier.
- Cash provided by operating activities was $371.8 million for the six months ended June 30, 2026.
- Available liquidity was $756.6 million as of June 30, including $164.5 million of cash and cash equivalents.
- PACS closed on 20 of 22 Texas facilities in the Eduro transaction as of August 1, with 14 remaining Eduro facilities expected to close in the third and fourth quarters of 2026.
$PACS Insider Trading Activity
$PACS insiders have traded $PACS stock on the open market 28 times in the past 6 months. Of those trades, 0 have been purchases and 28 have been sales.
Here’s a breakdown of recent trading of $PACS stock by insiders over the last 6 months:
- MARK HANCOCK has made 0 purchases and 16 sales selling 700,000 shares for an estimated $27,925,397.
- JOSHUA JERGENSEN (President & COO) has made 0 purchases and 4 sales selling 76,335 shares for an estimated $3,046,365.
- JOHN TODD MITCHELL (Chief Legal Officer & Sec.) has made 0 purchases and 4 sales selling 80,152 shares for an estimated $3,023,706.
- MICHELLE RENEE LEWIS (Chief Accounting Officer) has made 0 purchases and 4 sales selling 30,000 shares for an estimated $1,275,602.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$PACS Hedge Fund Activity
We have seen 128 institutional investors add shares of $PACS stock to their portfolio, and 77 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ALYESKA INVESTMENT GROUP, L.P. added 752,664 shares (+33.5%) to their portfolio in Q1 2026, for an estimated $24,175,567
- AMERICAN CENTURY COMPANIES INC added 615,544 shares (+51.5%) to their portfolio in Q1 2026, for an estimated $19,771,273
- DIMENSIONAL FUND ADVISORS LP added 614,250 shares (+370.2%) to their portfolio in Q1 2026, for an estimated $19,729,710
- CREWE ADVISORS LLC added 553,009 shares (+20.1%) to their portfolio in Q2 2026, for an estimated $23,580,303
- FMR LLC added 462,279 shares (+9.7%) to their portfolio in Q1 2026, for an estimated $14,848,401
- MARSHALL WACE, LLP removed 392,807 shares (-85.8%) from their portfolio in Q1 2026, for an estimated $12,616,960
- CASPIAN CAPITAL LP removed 381,195 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $12,243,983
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
