Farther Finance Advisors LLC Has $233,000 Stake in The Ensign Group, Inc. (NASDAQ:ENSG)

Farther Finance Advisors LLC decreased its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 78.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,787 shares of the company's stock after selling 6,613 shares during the period. Farther Finance Advisors LLC's holdings in The Ensign Group were worth $233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in The Ensign Group by 109.2% in the 1st quarter. UMB Bank n.a. now owns 822 shares of the company's stock worth $106,000 after purchasing an additional 429 shares during the period. Vest Financial LLC acquired a new stake in shares of The Ensign Group during the 1st quarter valued at $2,322,000. NBC Securities Inc. boosted its stake in shares of The Ensign Group by 107,033.3% during the 1st quarter. NBC Securities Inc. now owns 3,214 shares of the company's stock valued at $415,000 after buying an additional 3,211 shares during the period. Rhumbline Advisers boosted its stake in shares of The Ensign Group by 1.4% during the 1st quarter. Rhumbline Advisers now owns 205,313 shares of the company's stock valued at $26,567,000 after buying an additional 2,915 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of The Ensign Group by 14,683.7% during the 1st quarter. GAMMA Investing LLC now owns 338,252 shares of the company's stock valued at $43,770,000 after buying an additional 335,964 shares during the period. Institutional investors and hedge funds own 96.12% of the company's stock.

Insider Activity at The Ensign Group

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

The Ensign Group Stock Up 1.6%

ENSG stock opened at $156.36 on Thursday. 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 fifty day simple moving average of $139.90 and a 200 day simple moving average of $135.78. The firm has a market cap of $8.99 billion, a PE ratio of 29.56, a PEG ratio of 1.79 and a beta of 1.03.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.50 by $0.02. The Ensign Group had a net margin of 6.99% and a return on equity of 16.90%. The firm 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 firm posted $1.30 EPS. The business's quarterly revenue was up 16.1% on a year-over-year basis. Sell-side analysts anticipate that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Macquarie decreased their target price on shares of 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 analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.50.

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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