SG Americas Securities LLC trimmed its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 76.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,546 shares of the company's stock after selling 8,124 shares during the period. SG Americas Securities LLC's holdings in The Ensign Group were worth $366,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in The Ensign Group by 36.3% during the fourth quarter. Wellington Management Group LLP now owns 403,033 shares of the company's stock worth $45,224,000 after buying an additional 107,317 shares during the period. Vanguard Group Inc. raised its holdings in The Ensign Group by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 6,621,886 shares of the company's stock worth $743,042,000 after purchasing an additional 310,182 shares during the last quarter. NBC Securities Inc. boosted its position in The Ensign Group by 5.4% during the first quarter. NBC Securities Inc. now owns 3,498 shares of the company's stock worth $435,000 after purchasing an additional 179 shares in the last quarter. GAMMA Investing LLC grew its holdings in The Ensign Group by 19.6% in the first quarter. GAMMA Investing LLC now owns 1,050 shares of the company's stock valued at $131,000 after purchasing an additional 172 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of The Ensign Group by 24.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 91,647 shares of the company's stock valued at $11,403,000 after buying an additional 17,908 shares in the last quarter. 96.12% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at The Ensign Group
In related news, CEO Barry Port sold 5,618 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total value of $842,700.00. Following the sale, the chief executive officer now directly owns 53,716 shares in the company, valued at $8,057,400. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Daren Shaw sold 2,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $141.71, for a total transaction of $283,420.00. Following the completion of the transaction, the director now directly owns 29,125 shares in the company, valued at approximately $4,127,303.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Barry Port sold 5,618 shares of the firm's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total transaction of $842,700.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares of the company's stock, valued at approximately $8,057,400. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,118 shares of company stock worth $2,053,620 in the last three months. Insiders own 3.90% of the company's stock.
The Ensign Group Stock Performance
ENSG stock traded down $0.61 during trading on Friday, hitting $148.43. 259,566 shares of the company's stock traded hands, compared to its average volume of 368,058. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96. The Ensign Group, Inc. has a 52 week low of $92.69 and a 52 week high of $154.93. The stock has a fifty day moving average price of $147.74 and a two-hundred day moving average price of $132.47. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09.
The Ensign Group (NASDAQ:ENSG - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.02. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The business's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 EPS. As a group, equities analysts anticipate that The Ensign Group, Inc. will post 4.99 EPS for the current fiscal year.
The Ensign Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date is Monday, September 30th. The Ensign Group's dividend payout ratio (DPR) is currently 6.32%.
Wall Street Analyst Weigh In
Several research firms have weighed in on ENSG. Oppenheimer raised their price target on The Ensign Group from $155.00 to $165.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Truist Financial boosted their target price on shares of The Ensign Group from $150.00 to $160.00 and gave the company a "hold" rating in a research note on Wednesday, July 31st. Finally, Macquarie began coverage on shares of The Ensign Group in a research note on Friday, June 28th. They set an "outperform" rating and a $134.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, The Ensign Group presently has an average rating of "Moderate Buy" and a consensus target price of $145.40.
Read Our Latest Stock Report on The Ensign Group
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.
Further Reading
Before you consider The Ensign Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Ensign Group wasn't on the list.
While The Ensign Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
