Corient Private Wealth LLC Cuts Stock Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Corient Private Wealth LLC lessened its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,734 shares of the company's stock after selling 3,069 shares during the period. Corient Private Wealth LLC's holdings in The Ensign Group were worth $2,223,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Natixis Advisors LLC raised its stake in The Ensign Group by 1.7% during the third quarter. Natixis Advisors LLC now owns 16,169 shares of the company's stock worth $2,325,000 after purchasing an additional 272 shares during the period. PNC Financial Services Group Inc. raised its position in shares of The Ensign Group by 16.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,763 shares of the company's stock valued at $973,000 after buying an additional 969 shares during the period. Intech Investment Management LLC lifted its holdings in The Ensign Group by 18.6% in the third quarter. Intech Investment Management LLC now owns 18,836 shares of the company's stock valued at $2,709,000 after acquiring an additional 2,957 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in The Ensign Group by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 800,606 shares of the company's stock worth $115,143,000 after acquiring an additional 23,381 shares during the period. Finally, Raymond James Trust N.A. increased its position in shares of The Ensign Group by 78.6% during the 3rd quarter. Raymond James Trust N.A. now owns 3,948 shares of the company's stock worth $568,000 after purchasing an additional 1,737 shares during the last quarter. Hedge funds and other institutional investors own 96.12% of the company's stock.

Remove Ads

Insider Activity at The Ensign Group

In other The Ensign Group news, Chairman Christopher R. Christensen sold 39,086 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 owns 12,539 shares in the company, valued at approximately $1,862,292.28. The trade was a 75.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barry M. Smith sold 700 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $129.15, for a total transaction of $90,405.00. Following the transaction, the director now owns 30,052 shares in the company, 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. Insiders have sold 43,186 shares of company stock valued at $6,345,115 in the last ninety days. Insiders own 3.90% of the company's stock.

The Ensign Group Stock Down 0.3 %

The Ensign Group stock traded down $0.35 during midday trading on Thursday, reaching $128.44. The company's stock had a trading volume of 550,508 shares, compared to its average volume of 394,499. The company has a market cap of $7.38 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.52 and a beta of 0.98. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The business has a 50-day simple moving average of $132.63 and a 200-day simple moving average of $140.39. The Ensign Group, Inc. has a fifty-two week low of $113.27 and a fifty-two week high of $158.45.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $1.36 earnings per share 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%. On average, research analysts expect that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Macquarie upped their price objective on shares of The Ensign Group from $165.00 to $166.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th. Truist Financial reduced their price target on shares of The Ensign Group from $170.00 to $155.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Finally, Stephens restated an "overweight" rating and issued a $155.00 price objective on shares of The Ensign Group in a 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.