PNC Financial Services Group Inc. Lowers Stock Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

PNC Financial Services Group Inc. trimmed its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 32.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,588 shares of the company's stock after selling 2,175 shares during the quarter. PNC Financial Services Group Inc.'s holdings in The Ensign Group were worth $610,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC bought a new position in The Ensign Group in the 4th quarter worth about $25,000. Avior Wealth Management LLC increased its holdings in The Ensign Group by 190.1% in the 4th quarter. Avior Wealth Management LLC now owns 206 shares of the company's stock worth $27,000 after acquiring an additional 135 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in The Ensign Group by 150.6% in the 4th quarter. Venturi Wealth Management LLC now owns 208 shares of the company's stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Asset Planning Inc purchased a new stake in The Ensign Group during the 4th quarter valued at approximately $80,000. Finally, South Dakota Investment Council purchased a new stake in The Ensign Group during the 4th quarter valued at approximately $104,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Barry M. Smith sold 700 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $129.15, for a total transaction of $90,405.00. Following the completion of the transaction, the director now directly owns 30,052 shares in the company, valued at approximately $3,881,215.80. This represents a 2.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Christopher R. Christensen sold 39,086 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $148.52, for a total value of $5,805,052.72. Following the transaction, the chairman now owns 12,539 shares of the company's stock, valued at approximately $1,862,292.28. This represents a 75.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,186 shares of company stock worth $6,345,115 over the last three months. 3.90% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

A number of research firms have recently commented on ENSG. Truist Financial lowered their target price on The Ensign Group from $170.00 to $155.00 and set a "hold" rating for the company in a research report on Monday, January 6th. Macquarie lifted their target price on The Ensign Group from $165.00 to $166.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. Finally, Stephens restated an "overweight" rating and set a $155.00 price target on shares of The Ensign Group in a research note on Thursday, February 6th. One 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 company currently has an average rating of "Moderate Buy" and an average price target of $165.17.

The Ensign Group Stock Down 1.0 %

ENSG traded down $1.35 on Friday, hitting $128.24. The company had a trading volume of 1,487,748 shares, compared to its average volume of 391,897. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 1.52 and a beta of 0.98. The stock has a fifty day moving average price of $132.85 and a 200-day moving average price of $140.87. The Ensign Group, Inc. has a 12-month low of $113.27 and a 12-month high of $158.45.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $1.36 EPS 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%. Analysts predict that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Announces Dividend

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

The Ensign Group Company 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.