State of Alaska Department of Revenue Sells 26,676 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

State of Alaska Department of Revenue trimmed its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 80.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,600 shares of the company's stock after selling 26,676 shares during the quarter. State of Alaska Department of Revenue's holdings in The Ensign Group were worth $949,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC lifted its position in shares of The Ensign Group by 16.2% during the 3rd quarter. CWM LLC now owns 508 shares of the company's stock valued at $73,000 after acquiring an additional 71 shares during the period. Miller Howard Investments Inc. NY lifted its position in shares of The Ensign Group by 2.4% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 3,018 shares of the company's stock valued at $373,000 after acquiring an additional 72 shares during the period. Farther Finance Advisors LLC lifted its position in shares of 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 acquiring an additional 72 shares during the period. Blue Trust Inc. lifted its position in shares of The Ensign Group by 21.2% during the 2nd quarter. Blue Trust Inc. now owns 429 shares of the company's stock valued at $53,000 after acquiring an additional 75 shares during the period. Finally, Pitcairn Co. lifted its position in shares of The Ensign Group by 1.6% during the 1st quarter. Pitcairn Co. now owns 5,684 shares of the company's stock valued at $707,000 after acquiring an additional 87 shares during the period. 96.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on ENSG. Royal Bank of Canada upped their price objective on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Truist Financial upped their price objective on shares of The Ensign Group from $160.00 to $170.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Oppenheimer upped their price objective on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Finally, Stephens upped their price objective on shares of The Ensign Group from $163.00 to $167.00 and gave the stock an "overweight" rating in a report on Monday, October 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, The Ensign Group has an average rating of "Moderate Buy" and an average target price of $162.20.

The Ensign Group Stock Down 6.8 %

Shares of ENSG stock traded down $10.37 on Wednesday, hitting $143.00. The stock had a trading volume of 1,820,484 shares, compared to its average volume of 378,106. The business has a 50 day moving average of $149.82 and a 200 day moving average of $135.49. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 37.14, a price-to-earnings-growth ratio of 2.06 and a beta of 0.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56. The Ensign Group, Inc. has a 12-month low of $101.25 and a 12-month high of $158.45.

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, beating the consensus estimate of $1.38 by $0.01. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The firm's revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 earnings per share. As a group, analysts expect that The Ensign Group, Inc. will post 4.99 EPS for the current year.

The Ensign Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.06 per share. The ex-dividend date was Monday, September 30th. This represents a $0.24 annualized dividend and a yield of 0.17%. The Ensign Group's payout ratio is currently 5.81%.

Insider Activity at The Ensign Group

In related news, CEO Barry Port sold 2,000 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $155.00, for a total transaction of $310,000.00. Following the completion of the transaction, the chief executive officer now owns 53,716 shares in the company, valued at approximately $8,325,980. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 13,118 shares of company stock worth $1,943,620. 3.90% of the stock is owned by company insiders.

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.