The Ensign Group, Inc. (NASDAQ:ENSG) Shares Bought by Fmr LLC

FMR LLC raised its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,082,647 shares of the company's stock after buying an additional 86,676 shares during the quarter. FMR LLC owned about 3.62% of The Ensign Group worth $276,701,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in The Ensign Group in the fourth quarter valued at approximately $90,747,000. Raymond James Financial Inc. bought a new stake in The Ensign Group in the fourth quarter worth $36,167,000. World Investment Advisors LLC bought a new position in shares of The Ensign Group during the third quarter valued at about $21,744,000. Franklin Resources Inc. lifted its stake in shares of The Ensign Group by 32.7% in the 4th quarter. Franklin Resources Inc. now owns 417,482 shares of the company's stock valued at $55,467,000 after acquiring an additional 102,782 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in The Ensign Group by 54.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 252,294 shares of the company's stock worth $33,520,000 after acquiring an additional 88,643 shares during the last quarter. 96.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Macquarie raised their target price on shares of The Ensign Group from $165.00 to $166.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th. Truist Financial reduced their target price on The Ensign Group from $170.00 to $155.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Finally, Stephens reissued an "overweight" rating and set a $155.00 price objective on shares of The Ensign Group in a research report on Thursday, February 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, The Ensign Group has a consensus rating of "Moderate Buy" and a consensus price target of $165.17.

Insider Activity

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $138.48, for a total transaction of $96,936.00. Following the completion of the transaction, the director now owns 30,752 shares in the company, valued at $4,258,536.96. The trade was a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Christopher R. Christensen sold 39,086 shares of The Ensign Group 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 sale, the chairman now owns 12,539 shares of the company's stock, valued at approximately $1,862,292.28. This trade represents a 75.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,486 shares of company stock worth $6,251,714 over the last quarter. Insiders own 3.90% of the company's stock.

The Ensign Group Stock Up 0.3 %

Shares of ENSG traded up $0.32 on Thursday, hitting $128.50. 67,943 shares of the stock traded hands, compared to its average volume of 424,376. The company has a market capitalization of $7.38 billion, a PE ratio of 25.21, a P/E/G ratio of 1.52 and a beta of 0.91. The Ensign Group, Inc. has a one year low of $113.27 and a one year high of $158.45. 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 business has a 50 day simple moving average of $128.95 and a 200 day simple moving average of $137.92.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.11). The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. As a group, equities analysts forecast that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend 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 is currently 4.89%.

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.