Allspring Global Investments Holdings LLC Has $14.93 Million Stock Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Allspring Global Investments Holdings LLC raised its holdings in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 8.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,414 shares of the company's stock after purchasing an additional 8,533 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.20% of The Ensign Group worth $14,925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Opal Wealth Advisors LLC acquired a new stake in The Ensign Group in the 1st quarter worth about $36,000. AdvisorNet Financial Inc bought a new position in The Ensign Group during the first quarter worth $38,000. CBIZ Investment Advisory Services LLC boosted 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 acquiring an additional 99 shares during the period. Blue Trust Inc. grew its position in shares of The Ensign Group by 39.0% during the first quarter. Blue Trust Inc. now owns 467 shares of the company's stock worth $60,000 after acquiring an additional 131 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of The Ensign Group by 109.2% during the first quarter. UMB Bank n.a. now owns 822 shares of the company's stock valued at $106,000 after buying an additional 429 shares during the last quarter. Hedge funds and other institutional investors own 96.12% of the company's stock.

The Ensign Group Stock Performance

NASDAQ:ENSG traded up $1.28 during midday trading on Friday, reaching $150.18. The stock had a trading volume of 183,350 shares, compared to its average volume of 449,044. The stock has a market capitalization of $8.63 billion, a P/E ratio of 28.39, a PEG ratio of 1.75 and a beta of 1.03. The Ensign Group, Inc. has a 1-year low of $118.73 and a 1-year high of $158.45. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.40 and a quick ratio of 1.40. The firm's fifty day simple moving average is $146.18 and its 200-day simple moving average is $136.55.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.02. The company had revenue of $1.17 billion during 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 16.90%. The business's quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 earnings per share. On average, equities research analysts forecast that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date is Monday, June 30th. The Ensign Group's dividend payout ratio (DPR) is currently 4.73%.

Analyst Ratings Changes

Separately, Macquarie dropped their price target on shares of The Ensign Group from $159.00 to $156.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, The Ensign Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.50.

Insider Activity at The Ensign Group

In other The Ensign Group news, VP Beverly B. Wittekind sold 4,719 shares of the firm's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $155.00, for a total value of $731,445.00. Following the sale, the vice president directly owned 38,679 shares in the company, valued at $5,995,245. This trade represents a 10.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Barry M. Smith sold 700 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $153.48, for a total transaction of $107,436.00. Following the transaction, the director owned 27,852 shares in the company, valued at approximately $4,274,724.96. The trade was a 2.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,957 shares of company stock worth $1,660,526 in the last ninety days. 3.90% of the stock is currently owned by insiders.

The Ensign Group 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.