The Ensign Group, Inc. (NASDAQ:ENSG) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lessened its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 283,101 shares of the company's stock after selling 81,532 shares during the period. Loomis Sayles & Co. L P owned approximately 0.49% of The Ensign Group worth $37,613,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. FMR LLC lifted its position in The Ensign Group by 42.3% during the 3rd quarter. FMR LLC now owns 1,995,971 shares of the company's stock worth $287,061,000 after acquiring an additional 593,779 shares during the period. Raymond James Financial Inc. purchased a new stake in The Ensign Group in the fourth quarter valued at approximately $36,167,000. Wellington Management Group LLP increased its holdings in The Ensign Group by 54.6% in the 3rd quarter. Wellington Management Group LLP now owns 649,764 shares of the company's stock worth $93,449,000 after buying an additional 229,586 shares during the period. World Investment Advisors LLC purchased a new position in The Ensign Group during the 3rd quarter worth approximately $21,744,000. Finally, JPMorgan Chase & Co. lifted its stake in The Ensign Group by 26.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 379,608 shares of the company's stock valued at $54,595,000 after acquiring an additional 78,570 shares during the period. Institutional investors and hedge funds own 96.12% of the company's stock.

Wall Street Analysts Forecast Growth

ENSG has been the topic of several analyst reports. Stephens reaffirmed an "overweight" rating and set a $155.00 price target on shares of The Ensign Group in a research report on Thursday, February 6th. Truist Financial cut their price target on shares of The Ensign Group from $170.00 to $155.00 and set a "hold" rating for the company in a report on Monday, January 6th. Finally, Macquarie upped their price target 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 equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $165.17.

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The Ensign Group Price Performance

ENSG traded up $1.36 on Tuesday, hitting $130.76. 41,918 shares of the company's stock were exchanged, compared to its average volume of 413,499. The Ensign Group, Inc. has a fifty-two week low of $113.27 and a fifty-two week high of $158.45. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 25.52, a P/E/G ratio of 1.52 and a beta of 0.98. The firm has a 50-day moving average price of $132.16 and a 200-day moving average price of $139.84. 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 (NASDAQ:ENSG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.47 by ($0.11). The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. As a group, equities analysts anticipate that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $138.48, for a total transaction of $96,936.00. Following the transaction, the director now owns 30,752 shares in the company, valued at $4,258,536.96. The trade was a 2.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daren Shaw sold 2,000 shares of the company's stock in a transaction dated Friday, February 14th. The shares were 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 represents a 7.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,186 shares of company stock valued at $6,345,115. Insiders own 3.90% of the company's stock.

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.