Davidson Capital Management Inc. Sells 4,621 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Davidson Capital Management Inc. lessened its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 17.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,824 shares of the company's stock after selling 4,621 shares during the quarter. Davidson Capital Management Inc.'s holdings in The Ensign Group were worth $3,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ENSG. Opal Wealth Advisors LLC bought a new position in The Ensign Group during the 2nd quarter valued at $31,000. EntryPoint Capital LLC purchased a new position in The Ensign Group in the 1st quarter worth about $34,000. Signaturefd LLC raised its stake in The Ensign Group by 115.2% during the 3rd quarter. Signaturefd LLC now owns 284 shares of the company's stock valued at $41,000 after purchasing an additional 152 shares during the period. LRI Investments LLC acquired a new stake in shares of The Ensign Group in the first quarter worth $45,000. Finally, Canada Pension Plan Investment Board acquired a new position in The Ensign Group during the second quarter valued at $49,000. Hedge funds and other institutional investors own 96.12% of the company's stock.

Insider Buying and Selling

In other news, Director Daren Shaw sold 2,000 shares of the firm'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 in the company, valued at $4,127,303.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the stock in a transaction on Thursday, August 15th. The shares were 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 owns 29,125 shares in the company, valued at $4,127,303.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Barry Port sold 3,500 shares of the firm's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $145.00, for a total transaction of $507,500.00. Following the sale, the chief executive officer now owns 53,716 shares of the company's stock, valued at $7,788,820. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,118 shares of company stock worth $2,363,620. 3.90% of the stock is owned by corporate insiders.

The Ensign Group Price Performance

NASDAQ:ENSG traded up $5.04 during trading hours on Tuesday, reaching $156.91. The company had a trading volume of 495,946 shares, compared to its average volume of 370,633. 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 stock has a 50-day moving average of $148.80 and a two-hundred day moving average of $133.93. The Ensign Group, Inc. has a one year low of $94.56 and a one year high of $157.13. The firm has a market capitalization of $8.93 billion, a PE ratio of 39.97, a PEG ratio of 1.99 and a beta of 0.96.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.07 billion. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The company's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 EPS. Analysts forecast that The Ensign Group, Inc. will post 4.99 earnings per share for the current year.

The Ensign Group Dividend Announcement

The business 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 $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date is Monday, September 30th. The Ensign Group's payout ratio is presently 6.32%.

Analysts Set New Price Targets

Several research firms have weighed in on ENSG. Stephens upped their price objective on shares of The Ensign Group from $163.00 to $167.00 and gave the company an "overweight" rating in a research note on Monday. Oppenheimer boosted their target price on The Ensign Group from $165.00 to $168.00 and gave the company an "outperform" rating in a research note on Friday. Truist Financial raised their price target on The Ensign Group from $160.00 to $170.00 and gave the stock a "hold" rating in a research note on Monday. Finally, Royal Bank of Canada boosted their price target on The Ensign Group from $167.00 to $172.00 and gave the company an "outperform" rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, The Ensign Group presently has an average rating of "Moderate Buy" and an average price target of $162.20.

About The Ensign Group

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.