Charles Schwab Investment Management Inc. Sells 5,284 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Charles Schwab Investment Management Inc. reduced its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 781,810 shares of the company's stock after selling 5,284 shares during the period. Charles Schwab Investment Management Inc. owned 1.36% of The Ensign Group worth $101,166,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. TCTC Holdings LLC boosted its holdings in The Ensign Group by 116.7% in the first quarter. TCTC Holdings LLC now owns 208 shares of the company's stock worth $27,000 after purchasing an additional 112 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in The Ensign Group during the first quarter valued at about $36,000. AdvisorNet Financial Inc acquired a new position in shares of The Ensign Group during the first quarter valued at about $38,000. Blue Trust Inc. raised 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 valued at $60,000 after buying an additional 131 shares during the last quarter. Finally, CWM LLC raised its position in shares of The Ensign Group by 17.9% during the first quarter. CWM LLC now owns 585 shares of the company's stock valued at $76,000 after buying an additional 89 shares during the last quarter. 96.12% of the stock is currently owned by hedge funds and other institutional investors.

The Ensign Group Trading Down 0.2%

Shares of NASDAQ ENSG traded down $0.27 during midday trading on Thursday, reaching $166.00. 253,895 shares of the stock were exchanged, compared to its average volume of 531,313. The business has a 50-day simple moving average of $150.55 and a two-hundred day simple moving average of $139.51. The company has a market capitalization of $9.58 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 1.91 and a beta of 1.02. The Ensign Group, Inc. has a 12 month low of $118.73 and a 12 month high of $166.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.41 and a quick ratio of 1.41.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.22 billion. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The business's quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the firm posted $1.32 earnings per share. As a group, equities research analysts expect that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. The Ensign Group's dividend payout ratio is presently 4.54%.

Analysts Set New Price Targets

ENSG has been the subject of several recent research reports. UBS Group reissued a "buy" rating and issued a $195.00 price target (up previously from $185.00) on shares of The Ensign Group in a research report on Thursday. Truist Financial raised their price objective on shares of The Ensign Group from $155.00 to $165.00 and gave the stock a "hold" rating in a report on Monday, July 28th. Macquarie lowered their price target on shares of The Ensign Group from $159.00 to $156.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Stephens raised their price target on shares of The Ensign Group from $165.00 to $170.00 and gave the company an "overweight" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $171.00.

Insider Buying and Selling

In other The Ensign Group news, CFO Suzanne D. Snapper sold 8,379 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $148.21, for a total transaction of $1,241,851.59. Following the sale, the chief financial officer directly owned 269,692 shares of the company's stock, valued at $39,971,051.32. The trade was a 3.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Beverly B. Wittekind sold 4,719 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $155.00, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,337 shares of company stock valued at $2,611,583. Company 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.