Raymond James & Associates lowered its stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 11.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,025 shares of the company's stock after selling 12,146 shares during the quarter. Raymond James & Associates owned about 0.16% of The Ensign Group worth $13,091,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Entropy Technologies LP purchased a new stake in shares of The Ensign Group during the first quarter worth about $792,000. Harbor Capital Advisors Inc. grew its position in shares of The Ensign Group by 294.7% during the second quarter. Harbor Capital Advisors Inc. now owns 9,726 shares of the company's stock worth $1,203,000 after purchasing an additional 7,262 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of The Ensign Group by 14.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 52,221 shares of the company's stock worth $6,486,000 after purchasing an additional 6,583 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of The Ensign Group during the second quarter worth about $3,500,000. Finally, Quantbot Technologies LP purchased a new stake in shares of The Ensign Group during the first quarter worth about $1,599,000. Institutional investors own 96.12% of the company's stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Stephens raised their price target on The Ensign Group from $163.00 to $167.00 and gave the company an "overweight" rating in a report on Monday. Truist Financial raised their price target on The Ensign Group from $160.00 to $170.00 and gave the company a "hold" rating in a report on Monday. Oppenheimer raised their price target on The Ensign Group from $165.00 to $168.00 and gave the company an "outperform" rating in a report on Friday. Finally, Royal Bank of Canada raised their price target on The Ensign Group from $167.00 to $172.00 and gave the company an "outperform" rating in a report on Monday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $162.20.
Check Out Our Latest Report on ENSG
The Ensign Group Trading Down 0.6 %
Shares of The Ensign Group stock traded down $0.95 on Monday, reaching $151.87. The company had a trading volume of 384,481 shares, compared to its average volume of 370,031. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 39.97, a P/E/G ratio of 1.99 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 1.53. The firm's 50-day moving average price is $148.80 and its two-hundred day moving average price is $133.93. The Ensign Group, Inc. has a 1 year low of $94.56 and a 1 year high of $156.07.
The Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.01. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company posted $1.10 EPS. The Ensign Group's revenue was up 15.0% on a year-over-year basis. As a group, research analysts predict that The Ensign Group, Inc. will post 4.99 earnings per share for the current fiscal year.
The Ensign Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, September 30th. This represents a $0.24 annualized dividend and a yield of 0.16%. The Ensign Group's dividend payout ratio (DPR) is 6.32%.
Insider Buying and Selling
In related news, CEO Barry Port sold 3,000 shares of the business's stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total transaction of $420,000.00. Following the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at $7,520,240. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Daren Shaw sold 2,000 shares of the business's stock in a transaction dated 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 transaction, the director now owns 29,125 shares of the company's stock, valued at $4,127,303.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Barry Port sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total value of $420,000.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares of the company's stock, valued at approximately $7,520,240. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,118 shares of company stock worth $2,053,620 in the last ninety days. 3.90% of the stock is owned by insiders.
The Ensign Group Profile
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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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