Catalyst Funds Management Pty Ltd Sells 2,000 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Catalyst Funds Management Pty Ltd lessened its holdings in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,600 shares of the company's stock after selling 2,000 shares during the quarter. Catalyst Funds Management Pty Ltd's holdings in The Ensign Group were worth $1,408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its holdings in shares of The Ensign Group by 42.3% during the 3rd quarter. FMR LLC now owns 1,995,971 shares of the company's stock worth $287,061,000 after acquiring an additional 593,779 shares during the period. Geode Capital Management LLC grew its position in shares of The Ensign Group by 5.1% during the third quarter. Geode Capital Management LLC now owns 1,363,822 shares of the company's stock worth $196,181,000 after buying an additional 66,314 shares in the last quarter. Crewe Advisors LLC grew its position in shares of The Ensign Group by 0.9% during the third quarter. Crewe Advisors LLC now owns 1,110,692 shares of the company's stock worth $159,740,000 after buying an additional 10,221 shares in the last quarter. Copeland Capital Management LLC lifted its stake in The Ensign Group by 0.8% during the fourth quarter. Copeland Capital Management LLC now owns 944,077 shares of the company's stock worth $125,430,000 after purchasing an additional 7,542 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in The Ensign Group by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 800,606 shares of the company's stock worth $115,143,000 after purchasing an additional 23,381 shares during the last quarter. Institutional investors and hedge funds own 96.12% of the company's stock.

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The Ensign Group Stock Up 0.9 %

NASDAQ ENSG traded up $1.20 on Wednesday, reaching $130.79. The stock had a trading volume of 286,953 shares, compared to its average volume of 386,884. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 1.52 and a beta of 0.98. The business has a 50 day moving average price of $133.02 and a 200 day moving average price of $141.19. The Ensign Group, Inc. has a 1 year low of $113.27 and a 1 year high of $158.45. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on ENSG. Macquarie upped their price target on The Ensign Group from $165.00 to $166.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 4th. Truist Financial lowered 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. UBS Group started coverage on The Ensign Group in a research report on Thursday, November 21st. They issued a "buy" rating and a $175.00 price objective on the stock. Finally, Stephens reiterated an "overweight" rating and set a $155.00 target price on shares of The Ensign Group in a research report on Thursday, February 6th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, The Ensign Group has an average rating of "Moderate Buy" and a consensus price target of $165.17.

Insider Transactions at The Ensign Group

In other news, Director Daren Shaw sold 2,000 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $129.66, for a total value of $259,320.00. Following the transaction, the director now directly owns 26,325 shares in the company, valued at $3,413,299.50. This trade represents a 7.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Barry M. Smith sold 700 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $129.15, for a total value of $90,405.00. Following the sale, the director now directly owns 30,052 shares in the company, valued at $3,881,215.80. The trade was a 2.28 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,186 shares of company stock valued at $6,345,115. Corporate insiders own 3.90% of the company's stock.

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.