State Street Corp Cuts Stock Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

State Street Corp trimmed its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 4.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,007,560 shares of the company's stock after selling 103,749 shares during the period. State Street Corp owned about 3.50% of The Ensign Group worth $288,806,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ENSG. Icon Wealth Advisors LLC increased its holdings in The Ensign Group by 210.9% during the third quarter. Icon Wealth Advisors LLC now owns 9,648 shares of the company's stock worth $1,388,000 after buying an additional 6,545 shares during the last quarter. Crewe Advisors LLC raised its holdings in shares of The Ensign Group by 0.9% in the 3rd quarter. Crewe Advisors LLC now owns 1,110,692 shares of the company's stock worth $159,740,000 after purchasing an additional 10,221 shares during the period. Renaissance Technologies LLC purchased a new position in The Ensign Group in the second quarter valued at approximately $3,500,000. AXA S.A. grew its holdings in The Ensign Group by 9.4% during the second quarter. AXA S.A. now owns 54,627 shares of the company's stock valued at $6,757,000 after purchasing an additional 4,684 shares during the period. Finally, Segall Bryant & Hamill LLC increased its position in The Ensign Group by 2.5% in the third quarter. Segall Bryant & Hamill LLC now owns 289,422 shares of the company's stock worth $41,625,000 after buying an additional 7,123 shares during the last quarter. Hedge funds and other institutional investors own 96.12% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ENSG. Truist Financial lifted their price objective on The Ensign Group from $160.00 to $170.00 and gave the stock a "hold" rating in a report on Monday, October 28th. UBS Group assumed coverage on shares of The Ensign Group in a research note on Thursday, November 21st. They issued a "buy" rating and a $175.00 price objective for the company. Royal Bank of Canada increased their target price on The Ensign Group from $167.00 to $172.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Stephens boosted their price objective on The Ensign Group from $163.00 to $167.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. Finally, Oppenheimer raised their target price on The Ensign Group from $165.00 to $168.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.33.

The Ensign Group Price Performance

NASDAQ:ENSG traded down $0.57 during trading hours on Wednesday, hitting $142.74. 116,534 shares of the company's stock traded hands, compared to its average volume of 372,413. The Ensign Group, Inc. has a 52 week low of $107.28 and a 52 week high of $158.45. The business's fifty day simple moving average is $147.63 and its two-hundred day simple moving average is $140.33. 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 firm has a market cap of $8.18 billion, a P/E ratio of 34.70, a P/E/G ratio of 1.91 and a beta of 0.92.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.01. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS. On average, research analysts anticipate that The Ensign Group, Inc. will post 5.02 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a $0.06 dividend. 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 dividend payout ratio (DPR) is presently 5.81%.

Insider Activity at The Ensign Group

In other The Ensign Group news, CEO Barry Port sold 2,000 shares of the company'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 value of $310,000.00. Following the completion of the sale, the chief executive officer now owns 53,716 shares of the company's stock, valued at $8,325,980. This represents a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.90% of the stock is owned by insiders.

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.