Cibc World Markets Corp Takes Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Cibc World Markets Corp bought a new position in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,194 shares of the company's stock, valued at approximately $690,000.

A number of other hedge funds also recently added to or reduced their stakes in ENSG. CIBC Asset Management Inc purchased a new stake in shares of The Ensign Group during the third quarter worth $236,000. Natixis Advisors LLC grew its stake in The Ensign Group by 1.7% during the 3rd quarter. Natixis Advisors LLC now owns 16,169 shares of the company's stock worth $2,325,000 after purchasing an additional 272 shares in the last quarter. Pathstone Holdings LLC increased its holdings in The Ensign Group by 2.1% during the 3rd quarter. Pathstone Holdings LLC now owns 33,772 shares of the company's stock worth $4,858,000 after purchasing an additional 698 shares during the period. PNC Financial Services Group Inc. raised its position in The Ensign Group by 16.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,763 shares of the company's stock valued at $973,000 after purchasing an additional 969 shares in the last quarter. Finally, Intech Investment Management LLC boosted its stake in shares of The Ensign Group by 18.6% in the 3rd quarter. Intech Investment Management LLC now owns 18,836 shares of the company's stock valued at $2,709,000 after buying an additional 2,957 shares during the period. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Christopher R. Christensen sold 39,086 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $148.52, for a total value of $5,805,052.72. Following the completion of the sale, the chairman now directly owns 12,539 shares of the company's stock, valued at approximately $1,862,292.28. This represents a 75.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barry M. Smith sold 700 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $138.48, for a total value of $96,936.00. Following the transaction, the director now directly owns 30,752 shares in the company, valued at approximately $4,258,536.96. This represents a 2.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,186 shares of company stock valued at $6,345,115. 3.90% of the stock is currently owned by company insiders.

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The Ensign Group Stock Down 0.9 %

Shares of The Ensign Group stock traded down $1.22 during trading hours on Wednesday, hitting $128.79. The company had a trading volume of 433,876 shares, compared to its average volume of 393,404. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56. The company's 50-day moving average is $132.74 and its two-hundred day moving average is $140.47. The company has a market cap of $7.40 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98. The Ensign Group, Inc. has a twelve month low of $113.27 and a twelve month high of $158.45.

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

The Ensign Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Monday, March 31st. The Ensign Group's dividend payout ratio is currently 4.89%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Truist Financial cut their target price on shares of The Ensign Group from $170.00 to $155.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. Stephens reissued an "overweight" rating and issued a $155.00 price objective on shares of The Ensign Group in a research report on Thursday, February 6th. Finally, Macquarie lifted their price objective on shares of The Ensign Group from $165.00 to $166.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.17.

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.