Crewe Advisors LLC decreased its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 98.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,426 shares of the company's stock after selling 1,090,266 shares during the period. Crewe Advisors LLC's holdings in The Ensign Group were worth $2,714,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in shares of The Ensign Group by 16.2% during the third quarter. CWM LLC now owns 508 shares of the company's stock valued at $73,000 after acquiring an additional 71 shares during the period. Nisa Investment Advisors LLC lifted its position in The Ensign Group by 0.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 11,571 shares of the company's stock valued at $1,538,000 after purchasing an additional 78 shares during the period. Central Pacific Bank Trust Division boosted its stake in shares of The Ensign Group by 7.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 1,180 shares of the company's stock valued at $157,000 after purchasing an additional 80 shares during the last quarter. UMB Bank n.a. grew its position in shares of The Ensign Group by 30.1% during the 3rd quarter. UMB Bank n.a. now owns 385 shares of the company's stock worth $55,000 after buying an additional 89 shares during the period. Finally, Lifestyle Asset Management Inc. raised its stake in shares of The Ensign Group by 4.0% during the fourth quarter. Lifestyle Asset Management Inc. now owns 2,598 shares of the company's stock worth $345,000 after buying an additional 100 shares during the last quarter. Institutional investors own 96.12% of the company's stock.
Insider Activity at The Ensign Group
In related news, Chairman Christopher R. Christensen sold 39,086 shares of the firm's stock in a transaction on 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 transaction, the chairman now owns 12,539 shares of the company's stock, valued at approximately $1,862,292.28. This trade represents a 75.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barry M. Smith sold 700 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $133.43, for a total transaction of $93,401.00. Following the sale, the director now directly owns 30,852 shares in the company, valued at $4,116,582.36. This trade represents a 2.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,486 shares of company stock valued at $5,995,390. 3.90% of the stock is owned by insiders.
Analyst Ratings Changes
ENSG has been the subject of several recent research reports. Truist Financial dropped their target price on shares of 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. Stephens reissued an "overweight" rating and issued a $155.00 target price on shares of The Ensign Group in a research note on Thursday. Macquarie boosted their target price on The Ensign Group from $165.00 to $166.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. Royal Bank of Canada increased their price target on shares of The Ensign Group from $167.00 to $172.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Finally, Oppenheimer boosted their price objective on shares of The Ensign Group from $165.00 to $168.00 and gave the company an "outperform" rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $165.17.
Check Out Our Latest Report on ENSG
The Ensign Group Stock Down 3.6 %
Shares of ENSG traded down $4.91 on Friday, hitting $131.00. The company's stock had a trading volume of 774,208 shares, compared to its average volume of 432,409. 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 firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 1.62 and a beta of 0.94. The firm's fifty day moving average price is $137.77 and its 200-day moving average price is $143.76. 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 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%. On average, equities research analysts expect that The Ensign Group, Inc. will post 5.59 EPS for the current year.
The Ensign Group Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.0625 per share. The ex-dividend date was Tuesday, December 31st. This is an increase from The Ensign Group's previous quarterly dividend of $0.06. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.19%. The Ensign Group's dividend payout ratio (DPR) is presently 4.89%.
About The Ensign Group
(
Free Report)
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.
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