The Ensign Group, Inc. (NASDAQ:ENSG) Shares Sold by Trust Point Inc.

Trust Point Inc. lowered its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 36.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,745 shares of the company's stock after selling 4,348 shares during the quarter. Trust Point Inc.'s holdings in The Ensign Group were worth $1,002,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fox Run Management L.L.C. grew its holdings in The Ensign Group by 339.6% in the 4th quarter. Fox Run Management L.L.C. now owns 10,305 shares of the company's stock valued at $1,369,000 after buying an additional 7,961 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in The Ensign Group during the fourth quarter worth $476,000. Bridge City Capital LLC raised its position in The Ensign Group by 8.1% in the fourth quarter. Bridge City Capital LLC now owns 77,308 shares of the company's stock valued at $10,271,000 after purchasing an additional 5,790 shares during the period. Raymond James Financial Inc. acquired a new position in shares of The Ensign Group in the 4th quarter valued at $36,167,000. Finally, Principal Securities Inc. lifted its stake in shares of The Ensign Group by 12.7% in the 4th quarter. Principal Securities Inc. now owns 4,699 shares of the company's stock valued at $624,000 after purchasing an additional 528 shares during the last quarter. Hedge funds and other institutional investors own 96.12% of the company's stock.

Insider Transactions at The Ensign Group

In related 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 transaction of $290,794.53. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Beverly B. Wittekind sold 3,539 shares of the firm'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 in the company, valued at approximately $5,881,350. This trade represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company's stock.

Analysts Set New Price Targets

Separately, Macquarie cut their price objective on 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 equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, The Ensign Group currently has an average rating of "Moderate Buy" and an average price target of $163.50.

The Ensign Group Trading Up 1.6%

Shares of ENSG stock traded up $2.51 on Thursday, hitting $156.36. The stock had a trading volume of 319,176 shares, compared to its average volume of 450,672. The company's 50 day moving average price is $139.90 and its 200-day moving average price is $135.78. The Ensign Group, Inc. has a 1 year low of $118.73 and a 1 year high of $158.45. The firm has a market capitalization of $8.99 billion, a P/E ratio of 29.56, a P/E/G ratio of 1.79 and a beta of 1.03. 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 posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.52 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 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 business's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 earnings per share. Analysts anticipate that The Ensign Group, Inc. will post 5.59 earnings per share for the current 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.