2,893 Shares in The Ensign Group, Inc. (NASDAQ:ENSG) Acquired by LVZ Inc.

LVZ Inc. acquired a new stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,893 shares of the company's stock, valued at approximately $374,000.

A number of other large investors also recently modified their holdings of ENSG. Forum Financial Management LP boosted its position in The Ensign Group by 5.8% during the fourth quarter. Forum Financial Management LP now owns 1,524 shares of the company's stock valued at $202,000 after buying an additional 84 shares during the period. CIBC Asset Management Inc boosted its stake in shares of The Ensign Group by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 1,731 shares of the company's stock valued at $230,000 after purchasing an additional 87 shares during the period. QRG Capital Management Inc. grew its holdings in shares of The Ensign Group by 1.6% in the first quarter. QRG Capital Management Inc. now owns 5,825 shares of the company's stock worth $754,000 after purchasing an additional 92 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in shares of The Ensign Group by 38.8% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 354 shares of the company's stock worth $47,000 after purchasing an additional 99 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of The Ensign Group by 1.9% in the fourth quarter. Baird Financial Group Inc. now owns 5,384 shares of the company's stock worth $715,000 after buying an additional 99 shares during the period. 96.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Ensign Group

In other The Ensign Group news, VP Beverly B. Wittekind sold 4,719 shares of The Ensign Group stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $155.00, for a total transaction of $731,445.00. Following the completion of the transaction, the vice president now owns 38,679 shares in the company, valued at approximately $5,995,245. The trade was a 10.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the director now directly owns 24,926 shares in the company, valued at approximately $3,625,985.22. This represents a 7.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,257 shares of company stock valued at $1,553,090. Corporate insiders own 3.90% of the company's stock.

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 for the company in a research report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $163.50.

The Ensign Group Trading Down 0.9%

Shares of The Ensign Group stock traded down $1.37 during midday trading on Monday, reaching $152.17. 318,212 shares of the company's stock traded hands, compared to its average volume of 451,392. The stock has a 50 day moving average of $141.43 and a 200-day moving average of $135.86. The Ensign Group, Inc. has a 12 month low of $118.73 and a 12 month high of $158.45. The company has a market cap of $8.75 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 1.78 and a beta of 1.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.40 and a current ratio of 1.40.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.50 by $0.02. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. The Ensign Group had a net margin of 6.99% and a return on equity of 16.90%. The company's revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 EPS. As a group, equities analysts expect that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 1st will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a dividend yield of 0.16%. The Ensign Group's dividend payout ratio (DPR) is 4.73%.

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.