1,920 Shares in The Ensign Group, Inc. (NASDAQ:ENSG) Acquired by Alteri Wealth LLC

Alteri Wealth LLC purchased a new position in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,920 shares of the company's stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ENSG. Barclays PLC grew its position in The Ensign Group by 260.3% in the third quarter. Barclays PLC now owns 107,288 shares of the company's stock valued at $15,430,000 after purchasing an additional 77,514 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of The Ensign Group in the third quarter valued at about $200,000. Franklin Resources Inc. increased its position in shares of The Ensign Group by 15.4% in the third quarter. Franklin Resources Inc. now owns 314,700 shares of the company's stock valued at $46,522,000 after acquiring an additional 42,072 shares during the last quarter. JPMorgan Chase & Co. boosted its position in The Ensign Group by 26.1% during the third quarter. JPMorgan Chase & Co. now owns 379,608 shares of the company's stock valued at $54,595,000 after purchasing an additional 78,570 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of The Ensign Group by 5.4% during the 4th quarter. GAMMA Investing LLC now owns 2,288 shares of the company's stock worth $304,000 after purchasing an additional 118 shares during the last quarter. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Ensign Group

In related news, Director Barry M. Smith sold 700 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $3,881,215.80. This trade represents a 2.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Daren Shaw sold 2,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 26,325 shares in the company, valued at approximately $3,413,299.50. The trade was a 7.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ENSG shares. Macquarie dropped their target price on shares of The Ensign Group from $159.00 to $156.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Stephens restated an "overweight" rating and issued a $155.00 price objective on shares of The Ensign Group in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, The Ensign Group presently has a consensus rating of "Moderate Buy" and an average price target of $163.50.

The Ensign Group Stock Performance

ENSG stock traded up $0.40 during trading hours on Friday, hitting $136.68. 240,742 shares of the stock were exchanged, compared to its average volume of 432,511. The company has a 50-day simple moving average of $128.85 and a two-hundred day simple moving average of $135.74. The firm has a market capitalization of $7.86 billion, a P/E ratio of 26.75, a P/E/G ratio of 1.52 and a beta of 1.03. The Ensign Group, Inc. has a 12 month low of $116.23 and a 12 month 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 Tuesday, April 29th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.50 by $0.02. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.17 billion. The Ensign Group had a net margin of 6.99% and a return on equity of 17.07%. The business's revenue for the quarter was up 16.1% on a year-over-year basis. During the same period last year, the firm earned $1.30 earnings per share. On average, 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 company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.18%. The ex-dividend date was Monday, March 31st. The Ensign Group's payout ratio is presently 4.73%.

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.