Exchange Traded Concepts LLC Has $794,000 Stake in The Ensign Group, Inc. (NASDAQ:ENSG)

Exchange Traded Concepts LLC cut its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 48.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,139 shares of the company's stock after selling 5,665 shares during the period. Exchange Traded Concepts LLC's holdings in The Ensign Group were worth $794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC grew its holdings in shares of The Ensign Group by 150.6% during the fourth quarter. Venturi Wealth Management LLC now owns 208 shares of the company's stock valued at $28,000 after buying an additional 125 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of The Ensign Group during the first quarter valued at $36,000. AdvisorNet Financial Inc purchased a new position in shares of The Ensign Group during the first quarter valued at $38,000. CBIZ Investment Advisory Services LLC grew its holdings in shares of The Ensign Group by 38.8% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 354 shares of the company's stock valued at $47,000 after buying an additional 99 shares in the last quarter. Finally, South Dakota Investment Council purchased a new position in shares of The Ensign Group during the fourth quarter valued at $104,000. 96.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at The Ensign Group

In other news, Director Daren Shaw sold 1,999 shares of the 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 transaction, the director now owns 24,926 shares of the company's stock, valued at $3,625,985.22. This represents a 7.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Beverly B. Wittekind sold 4,719 shares of the 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 completion of the transaction, the vice president now directly owns 38,679 shares in the company, valued at approximately $5,995,245. This trade represents a 10.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,257 shares of company stock valued at $1,553,090 in the last quarter. Corporate insiders own 3.90% of the company's stock.

The Ensign Group Stock Down 1.8%

NASDAQ ENSG traded down $2.82 on Friday, reaching $153.54. The stock had a trading volume of 638,294 shares, compared to its average volume of 451,927. The business has a 50 day moving average price of $140.99 and a 200 day moving average price of $135.85. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.07. The Ensign Group, Inc. has a 1 year low of $118.73 and a 1 year high of $158.45. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 1.78 and a beta of 1.03.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.02. The Ensign Group had a return on equity of 16.90% and a net margin of 6.99%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The business's quarterly revenue was up 16.1% compared to the same quarter last year. On average, analysts forecast that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

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.