Public Employees Retirement System of Ohio Sells 12,424 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Public Employees Retirement System of Ohio cut its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 20.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,174 shares of the company's stock after selling 12,424 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.09% of The Ensign Group worth $7,072,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in shares of The Ensign Group by 16.2% in the third quarter. CWM LLC now owns 508 shares of the company's stock worth $73,000 after acquiring an additional 71 shares during the period. Miller Howard Investments Inc. NY boosted its stake in The Ensign Group by 2.4% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 3,018 shares of the company's stock worth $373,000 after purchasing an additional 72 shares during the period. Farther Finance Advisors LLC grew its holdings in The Ensign Group by 0.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,908 shares of the company's stock valued at $982,000 after buying an additional 72 shares in the last quarter. Blue Trust Inc. raised its position in shares of The Ensign Group by 21.2% during the second quarter. Blue Trust Inc. now owns 429 shares of the company's stock valued at $53,000 after buying an additional 75 shares during the last quarter. Finally, Harfst & Associates Inc. lifted its holdings in shares of The Ensign Group by 0.7% in the second quarter. Harfst & Associates Inc. now owns 12,221 shares of the company's stock worth $1,512,000 after buying an additional 89 shares in the last quarter. 96.12% of the stock is owned by hedge funds and other institutional investors.

The Ensign Group Trading Up 0.8 %

ENSG traded up $1.14 on Friday, hitting $142.42. The company had a trading volume of 300,824 shares, compared to its average volume of 372,464. The Ensign Group, Inc. has a 12-month low of $109.95 and a 12-month high of $158.45. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The business's fifty day simple moving average is $147.45 and its 200 day simple moving average is $140.66. The company has a market cap of $8.16 billion, a PE ratio of 34.48, a PEG ratio of 1.90 and a beta of 0.92.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $1.39 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 17.21% and a net margin of 5.84%. The company's quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 EPS. Equities research analysts expect that The Ensign Group, Inc. will post 5.03 EPS for the current year.

Insider Activity at The Ensign Group

In related news, CEO Barry Port sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $155.00, for a total transaction of $310,000.00. Following the completion of the sale, the chief executive officer now directly owns 53,716 shares of the company's stock, valued at approximately $8,325,980. This trade represents a 3.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ENSG shares. Royal Bank of Canada raised their target price on shares of The Ensign Group from $167.00 to $172.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. Oppenheimer raised their price objective on The Ensign Group from $165.00 to $168.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Truist Financial boosted their target price on The Ensign Group from $160.00 to $170.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. 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, October 28th. Finally, UBS Group initiated coverage on The Ensign Group in a report on Thursday, November 21st. They set a "buy" rating and a $175.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, The Ensign Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.33.

The Ensign Group 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.