Vestcor Inc Has $2.24 Million Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Vestcor Inc boosted its stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 100.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,893 shares of the company's stock after acquiring an additional 8,455 shares during the period. Vestcor Inc's holdings in The Ensign Group were worth $2,244,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ENSG. FMR LLC raised its stake in shares of The Ensign Group by 42.3% in the 3rd quarter. FMR LLC now owns 1,995,971 shares of the company's stock valued at $287,061,000 after purchasing an additional 593,779 shares in the last quarter. Raymond James Financial Inc. bought a new stake in The Ensign Group in the fourth quarter valued at about $36,167,000. Wellington Management Group LLP raised its stake in The Ensign Group by 54.6% during the third quarter. Wellington Management Group LLP now owns 649,764 shares of the company's stock valued at $93,449,000 after buying an additional 229,586 shares in the last quarter. World Investment Advisors LLC bought a new position in The Ensign Group during the 3rd quarter worth approximately $21,744,000. Finally, Westfield Capital Management Co. LP acquired a new position in shares of The Ensign Group in the 3rd quarter worth approximately $18,843,000. 96.12% of the stock is currently owned by institutional investors.

The Ensign Group Price Performance

ENSG stock traded up $1.20 during trading hours on Wednesday, hitting $130.79. 286,953 shares of the stock traded hands, compared to its average volume of 386,884. 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 stock has a 50-day simple moving average of $133.02 and a 200 day simple moving average of $141.19. The Ensign Group, Inc. has a one year low of $113.27 and a one year high of $158.45. The company has a market cap of $7.51 billion, a P/E ratio of 25.59, a P/E/G ratio of 1.52 and a beta of 0.98.

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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 (EPS) for the quarter, missing analysts' consensus estimates of $1.47 by ($0.11). The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. Equities analysts forecast that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on ENSG. UBS Group assumed coverage on shares of The Ensign Group in a report on Thursday, November 21st. They issued a "buy" rating and a $175.00 price target for the company. Truist Financial lowered their target price on The Ensign Group from $170.00 to $155.00 and set a "hold" rating for the company in a report on Monday, January 6th. Stephens reiterated an "overweight" rating and issued a $155.00 target price on shares of The Ensign Group in a research note on Thursday, February 6th. Finally, Macquarie boosted their price objective on The Ensign Group from $165.00 to $166.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $165.17.

Insider Activity

In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $129.66, for a total transaction of $259,320.00. Following the sale, the director now directly owns 26,325 shares of the company's stock, valued at $3,413,299.50. The trade was a 7.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Christopher R. Christensen sold 39,086 shares of the firm's 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 completion of the sale, the chairman now directly 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 position. The disclosure for this sale can be found here. Insiders have sold 43,186 shares of company stock worth $6,345,115 over the last 90 days. 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.