Envestnet Portfolio Solutions Inc. Has $577,000 Stock Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Envestnet Portfolio Solutions Inc. reduced its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 40.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,461 shares of the company's stock after selling 3,078 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in The Ensign Group were worth $577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ENSG. Venturi Wealth Management LLC boosted its stake in shares of The Ensign Group by 150.6% during the 4th quarter. Venturi Wealth Management LLC now owns 208 shares of the company's stock worth $28,000 after acquiring an additional 125 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of The Ensign Group during the 1st quarter worth approximately $36,000. AdvisorNet Financial Inc bought a new position in shares of The Ensign Group during the 1st quarter worth approximately $38,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of The Ensign Group by 38.8% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 354 shares of the company's stock worth $47,000 after acquiring an additional 99 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of The Ensign Group by 109.2% during the 1st quarter. UMB Bank n.a. now owns 822 shares of the company's stock worth $106,000 after acquiring an additional 429 shares during the period. 96.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Macquarie reduced their target price on The Ensign Group from $159.00 to $156.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. 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 opened at $153.79 on Friday. The business has a fifty day simple moving average of $142.92 and a 200 day simple moving average of $136.17. The company has a market capitalization of $8.84 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 1.77 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 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 the consensus estimate of $1.50 by $0.02. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. The Ensign Group had a return on equity of 16.90% and a net margin of 6.99%. The firm's quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.30 EPS. Research analysts expect that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid a $0.0625 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.25 annualized dividend and a yield of 0.16%. The Ensign Group's dividend payout ratio (DPR) is presently 4.73%.

Insider Activity at The Ensign Group

In other The Ensign Group news, Director Daren Shaw sold 1,999 shares of The Ensign Group stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $145.47, for a total value of $290,794.53. Following the completion of the transaction, the director now directly owns 24,926 shares of the company's stock, valued at $3,625,985.22. The trade was a 7.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Beverly B. Wittekind sold 3,539 shares of The Ensign Group stock in a transaction on Friday, May 16th. The shares were sold at an average price of $150.00, for a total value of $530,850.00. Following the completion of the transaction, the vice president now directly owns 39,209 shares of the company's stock, valued at $5,881,350. This represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,257 shares of company stock worth $1,553,090 in the last ninety days. 3.90% of the stock is owned by company 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.

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