Versor Investments LP Sells 6,101 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Versor Investments LP trimmed its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 80.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,475 shares of the company's stock after selling 6,101 shares during the period. Versor Investments LP's holdings in The Ensign Group were worth $212,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ENSG. Vanguard Group Inc. raised its holdings in The Ensign Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 6,661,581 shares of the company's stock worth $828,834,000 after buying an additional 39,695 shares during the period. Dimensional Fund Advisors LP increased its position in shares of The Ensign Group by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,322,526 shares of the company's stock worth $163,577,000 after acquiring an additional 35,862 shares in the last quarter. Van Berkom & Associates Inc. raised its holdings in shares of The Ensign Group by 2.1% during the second quarter. Van Berkom & Associates Inc. now owns 877,211 shares of the company's stock valued at $108,502,000 after acquiring an additional 18,412 shares during the period. Bank of New York Mellon Corp lifted its position in shares of The Ensign Group by 11.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 571,532 shares of the company's stock valued at $70,693,000 after acquiring an additional 59,933 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in The Ensign Group by 15.7% in the 2nd quarter. Sei Investments Co. now owns 306,103 shares of the company's stock worth $37,862,000 after purchasing an additional 41,429 shares during the period. Institutional investors and hedge funds own 96.12% of the company's stock.

The Ensign Group Stock Performance

Shares of ENSG stock opened at $143.49 on Friday. The Ensign Group, Inc. has a fifty-two week low of $104.18 and a fifty-two week high of $158.45. The stock's 50-day moving average is $149.39 and its two-hundred day moving average is $137.00. 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 firm has a market cap of $8.22 billion, a P/E ratio of 34.74, a PEG ratio of 1.91 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its quarterly 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 business 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 firm's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 EPS. Analysts predict that The Ensign Group, Inc. will post 5 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

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

Insider Activity at The Ensign Group

In related news, CEO Barry Port sold 5,618 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.00, for a total value of $842,700.00. Following the completion of the sale, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $8,057,400. The trade was a 9.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders sold 11,118 shares of company stock valued at $1,660,200. Insiders own 3.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Oppenheimer increased their target price on The Ensign Group from $165.00 to $168.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Royal Bank of Canada increased their price objective on The Ensign Group from $167.00 to $172.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. Stephens lifted their target price 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, Truist Financial increased their price target on shares of The Ensign Group from $160.00 to $170.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, The Ensign Group presently has an average rating of "Moderate Buy" and a consensus price target of $162.20.

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.