77,415 Shares in The Ensign Group, Inc. (NASDAQ:ENSG) Bought by Algert Global LLC

Algert Global LLC acquired a new position in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 77,415 shares of the company's stock, valued at approximately $10,285,000. Algert Global LLC owned about 0.13% of The Ensign Group as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new stake in shares of The Ensign Group in the 4th quarter valued at $25,000. Avior Wealth Management LLC grew its holdings in The Ensign Group by 190.1% during the 4th quarter. Avior Wealth Management LLC now owns 206 shares of the company's stock worth $27,000 after acquiring an additional 135 shares during the period. Venturi Wealth Management LLC boosted its holdings in The Ensign Group by 150.6% during the fourth quarter. Venturi Wealth Management LLC now owns 208 shares of the company's stock worth $28,000 after buying an additional 125 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake in The Ensign Group by 38.8% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 354 shares of the company's stock valued at $47,000 after purchasing an additional 99 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in The Ensign Group during the 4th quarter worth $80,000. Institutional investors and hedge funds own 96.12% of the company's stock.

Insiders Place Their Bets

In other news, 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 transaction, the director now directly owns 30,052 shares in the company, valued at $3,881,215.80. This trade represents a 2.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 approximately $3,413,299.50. The trade was a 7.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,786 shares of company stock worth $6,154,778. 3.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on ENSG. Stephens restated an "overweight" rating and set a $155.00 target price on shares of The Ensign Group in a report on Thursday, February 6th. Truist Financial decreased their target price on The Ensign Group from $170.00 to $155.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Finally, Macquarie lowered their price objective on The Ensign Group from $159.00 to $156.00 and set an "outperform" rating on the stock in a research note on Friday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $163.50.

The Ensign Group Stock Performance

NASDAQ ENSG traded up $2.01 on Tuesday, hitting $133.79. 289,924 shares of the stock traded hands, compared to its average volume of 430,560. 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 firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 1.52 and a beta of 1.03. The Ensign Group, Inc. has a 12 month low of $115.79 and a 12 month high of $158.45. The business's fifty day moving average is $128.42 and its two-hundred day moving average is $136.00.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.02. The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the business posted $1.30 earnings per share. The company's revenue for the quarter was up 16.1% on a year-over-year basis. As a group, equities analysts anticipate that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date was Monday, March 31st. The Ensign Group's dividend payout ratio (DPR) is presently 4.73%.

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.