AlphaQuest LLC Has $402,000 Stock Position in The Ensign Group, Inc. (NASDAQ:ENSG)

AlphaQuest LLC boosted its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 754.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,026 shares of the company's stock after buying an additional 2,672 shares during the quarter. AlphaQuest LLC's holdings in The Ensign Group were worth $402,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of The Ensign Group by 42.3% in the third quarter. FMR LLC now owns 1,995,971 shares of the company's stock valued at $287,061,000 after acquiring an additional 593,779 shares during the period. Geode Capital Management LLC raised its stake in The Ensign Group by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,363,822 shares of the company's stock valued at $196,181,000 after purchasing an additional 66,314 shares during the last quarter. Crewe Advisors LLC boosted its holdings in The Ensign Group by 0.9% in the 3rd quarter. Crewe Advisors LLC now owns 1,110,692 shares of the company's stock valued at $159,740,000 after purchasing an additional 10,221 shares during the period. Copeland Capital Management LLC grew its position in The Ensign Group by 0.8% in the 4th quarter. Copeland Capital Management LLC now owns 944,077 shares of the company's stock worth $125,430,000 after purchasing an additional 7,542 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of The Ensign Group by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 800,606 shares of the company's stock worth $115,143,000 after purchasing an additional 23,381 shares during the period. Institutional investors own 96.12% of the company's stock.

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The Ensign Group Price Performance

Shares of ENSG stock traded up $4.42 during trading hours on Monday, hitting $129.82. The company had a trading volume of 351,702 shares, compared to its average volume of 387,184. The Ensign Group, Inc. has a 12 month low of $113.27 and a 12 month high of $158.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56. The firm's fifty day moving average is $133.05 and its 200 day moving average is $141.48. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 1.52 and a beta of 0.98.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.11). The Ensign Group had a net margin of 6.99% and a return on equity of 17.07%. On average, sell-side analysts predict that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Macquarie increased their target price on shares of The Ensign Group from $165.00 to $166.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th. Truist Financial reduced their price objective on The Ensign Group from $170.00 to $155.00 and set a "hold" rating for the company in a research report on Monday, January 6th. UBS Group initiated coverage on The Ensign Group in a research report on Thursday, November 21st. They set a "buy" rating and a $175.00 price objective on the stock. Finally, Stephens reaffirmed an "overweight" rating and issued a $155.00 target price on shares of The Ensign Group in a research report on Thursday, February 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, The Ensign Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.17.

Insider Transactions at The Ensign Group

In related news, Director Daren Shaw sold 2,000 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $129.66, for a total transaction of $259,320.00. Following the completion of the sale, the director now directly owns 26,325 shares of the company's stock, valued at $3,413,299.50. This trade represents a 7.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Barry M. Smith sold 700 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $129.15, for a total value of $90,405.00. Following the completion of the sale, the director now owns 30,052 shares of the company's stock, valued at approximately $3,881,215.80. This trade represents a 2.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,186 shares of company stock valued at $6,345,115. 3.90% of the stock is owned by insiders.

The Ensign Group Company Profile

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.