Allspring Global Investments Holdings LLC lessened its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 27.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 93,427 shares of the company's stock after selling 35,267 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.16% of The Ensign Group worth $13,437,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of ENSG. First Trust Direct Indexing L.P. raised its position in The Ensign Group by 7.0% in the first quarter. First Trust Direct Indexing L.P. now owns 2,532 shares of the company's stock valued at $315,000 after purchasing an additional 165 shares during the period. SpiderRock Advisors LLC purchased a new stake in shares of The Ensign Group during the 1st quarter valued at about $1,790,000. Oak Ridge Investments LLC acquired a new position in The Ensign Group during the 1st quarter worth approximately $3,791,000. BNP Paribas Financial Markets lifted its position in The Ensign Group by 26.8% during the 1st quarter. BNP Paribas Financial Markets now owns 69,812 shares of the company's stock worth $8,686,000 after acquiring an additional 14,769 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in The Ensign Group by 17.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,870 shares of the company's stock worth $1,601,000 after acquiring an additional 1,925 shares during the period. Hedge funds and other institutional investors own 96.12% of the company's stock.
Insider Buying and Selling at The Ensign Group
In other news, CEO Barry Port sold 5,618 shares of the firm's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.00, for a total value of $842,700.00. Following the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $8,057,400. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Barry Port sold 5,618 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The stock was 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daren Shaw sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $141.71, for a total value of $283,420.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 14,118 shares of company stock worth $2,053,620 over the last 90 days. Insiders own 3.90% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on ENSG shares. Oppenheimer lifted their price objective on shares of The Ensign Group from $165.00 to $168.00 and gave the company an "outperform" rating in a research note on Friday. Truist Financial boosted their price objective on shares of The Ensign Group from $150.00 to $160.00 and gave the stock a "hold" rating in a report on Wednesday, July 31st. Macquarie initiated coverage on The Ensign Group in a research note on Friday, June 28th. They set an "outperform" rating and a $134.00 target price for the company. Finally, Royal Bank of Canada boosted their price target on The Ensign Group from $133.00 to $167.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $152.80.
View Our Latest Research Report on ENSG
The Ensign Group Stock Up 2.7 %
Shares of ENSG traded up $3.97 during midday trading on Friday, hitting $152.82. The company had a trading volume of 500,733 shares, compared to its average volume of 369,961. 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, Inc. has a 52 week low of $92.69 and a 52 week high of $155.68. The company's 50 day moving average price is $148.60 and its 200 day moving average price is $133.60. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 40.22, a PEG ratio of 1.96 and a beta of 0.96.
The Ensign Group (NASDAQ:ENSG - Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.02. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted $1.08 EPS. The Ensign Group's quarterly revenue was up 12.5% compared to the same quarter last year. On average, equities research analysts predict that The Ensign Group, Inc. will post 4.99 EPS for the current year.
The Ensign Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend is Monday, September 30th. The Ensign Group's dividend payout ratio is presently 6.32%.
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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