ExodusPoint Capital Management LP Cuts Position in The Ensign Group, Inc. (NASDAQ:ENSG)

ExodusPoint Capital Management LP reduced its stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 60.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,201 shares of the company's stock after selling 27,330 shares during the quarter. ExodusPoint Capital Management LP's holdings in The Ensign Group were worth $2,418,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new position in The Ensign Group during the 4th quarter worth approximately $25,000. Avior Wealth Management LLC raised its holdings in shares of The Ensign Group by 190.1% during the fourth quarter. Avior Wealth Management LLC now owns 206 shares of the company's stock worth $27,000 after purchasing an additional 135 shares during the last quarter. Venturi Wealth Management LLC lifted its position in The Ensign Group by 150.6% during the fourth quarter. Venturi Wealth Management LLC now owns 208 shares of the company's stock valued at $28,000 after purchasing an additional 125 shares during the period. CBIZ Investment Advisory Services LLC boosted its holdings in The Ensign Group by 38.8% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 354 shares of the company's stock valued at $47,000 after purchasing an additional 99 shares during the last quarter. Finally, Asset Planning Inc acquired a new stake in The Ensign Group during the 4th quarter worth about $80,000. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Macquarie boosted their price objective on The Ensign Group from $165.00 to $166.00 and gave the company an "outperform" rating in a report on Tuesday, February 4th. Truist Financial decreased 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 note on Monday, January 6th. Finally, Stephens reaffirmed an "overweight" rating and issued a $155.00 price objective on shares of The Ensign Group in a report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, The Ensign Group has a consensus rating of "Moderate Buy" and a consensus price target of $165.17.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, Chairman Christopher R. Christensen sold 39,086 shares of the firm's stock in a transaction 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 directly owns 12,539 shares of the company's stock, valued at $1,862,292.28. This trade represents a 75.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barry M. Smith sold 700 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $138.48, for a total transaction 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. The trade was a 2.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,486 shares of company stock worth $6,251,714. Insiders own 3.90% of the company's stock.

The Ensign Group Price Performance

ENSG traded up $0.27 during midday trading on Friday, hitting $127.96. 351,364 shares of the company traded hands, compared to its average volume of 424,848. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08. The Ensign Group, Inc. has a 52-week low of $113.27 and a 52-week high of $158.45. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 1.52 and a beta of 0.91. The business has a 50 day simple moving average of $129.52 and a two-hundred day simple moving average of $138.21.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last released 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 net margin of 6.99% and a return on equity of 17.07%. On average, equities analysts forecast that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.25 annualized dividend and a yield of 0.20%. The Ensign Group's dividend payout ratio is presently 4.89%.

The Ensign Group 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.